Abaxis (Nasdaq: ABAX) is expected to report Q2 earnings on Oct. 23. 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 Abaxis's revenues will increase 11.3% and EPS will grow 20.0%.

The average estimate for revenue is $44.6 million. On the bottom line, the average EPS estimate is $0.18.

Revenue details
 Last quarter, Abaxis notched revenue of $42.0 million. GAAP reported sales were 17% higher than the prior-year quarter's $36.0 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, EPS came in at $0.13. GAAP EPS of $0.13 for Q1 were 30% higher than the prior-year quarter's $0.10 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 54.4%, 100 basis points better than the prior-year quarter. Operating margin was 11.4%, 250 basis points better than the prior-year quarter. Net margin was 6.8%, 70 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $181.4 million. The average EPS estimate is $0.75.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 159 members out of 175 rating the stock outperform, and 16 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Abaxis a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Abaxis is outperform, with an average price target of $35.81.