Boingo Wireless (Nasdaq: WIFI) is expected to report Q1 earnings on May 9. 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 Boingo Wireless's revenues will drop -8.4% and EPS will shrink to a loss.

The average estimate for revenue is $22.1 million. On the bottom line, the average EPS estimate is -$0.03.

Revenue details
 Last quarter, Boingo Wireless logged revenue of $28.0 million. GAAP reported sales were 8.1% higher than the prior-year quarter's $25.9 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 $0.03. GAAP EPS of $0.04 for Q4 were 20% lower than the prior-year quarter's $0.05 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 41.6%, 430 basis points worse than the prior-year quarter. Operating margin was 7.6%, 800 basis points worse than the prior-year quarter. Net margin was 5.0%, 220 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $106.6 million. The average EPS estimate is $0.07.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 72 members out of 75 rating the stock outperform, and three members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give Boingo Wireless a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boingo Wireless is outperform, with an average price target of $10.25.

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