Akorn (Nasdaq: AKRX) is expected to report Q2 earnings on Aug. 7. 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 Akorn's revenues will grow 88.5% and EPS will contract 47.1%.

The average estimate for revenue is $60.6 million. On the bottom line, the average EPS estimate is $0.09.

Revenue details
Last quarter, Akorn recorded revenue of $51.7 million. GAAP reported sales were much higher than the prior-year quarter's $25.4 million.

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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, EPS came in at $0.08. GAAP EPS of $0.08 for Q1 were 33% higher than the prior-year quarter's $0.06 per share.

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 59.8%, 380 basis points better than the prior-year quarter. Operating margin was 30.9%, 850 basis points better than the prior-year quarter. Net margin was 16.4%, 640 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $251.2 million. The average EPS estimate is $0.40.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 166 members out of 179 rating the stock outperform, and 13 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Akorn 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 Akorn is outperform, with an average price target of $14.50.