Vantage Drilling (AMEX: VTG) is expected to report Q1 earnings on May 10. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Vantage Drilling's revenues will grow 11.6% and EPS will increase from $0.00 per share the prior year.

The average estimate for revenue is $147.1 million. On the bottom line, the average EPS estimate is -$0.05.

Revenue details
 Last quarter, Vantage Drilling booked revenue of $123.0 million. GAAP reported sales were 21% higher than the prior-year quarter's $95.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at -$0.04. GAAP EPS were -$0.45 for Q4 against -$0.04 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 49.2%, much better than the prior-year quarter. Operating margin was 32.5%, 430 basis points better than the prior-year quarter. Net margin was -115.5%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $674.8 million. The average EPS estimate is $0.08.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 179 members out of 193 rating the stock outperform, and 14 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Vantage Drilling a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vantage Drilling is outperform, with an average price target of $2.20.

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