Akorn (Nasdaq: AKRX) is expected to report Q1 earnings on May 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 43.7% and EPS will increase 25.0%.

The average estimate for revenue is $74.3 million. On the bottom line, the average EPS estimate is $0.10.

Revenue details
 Last quarter, Akorn reported revenue of $71.5 million. GAAP reported sales were 68% higher than the prior-year quarter's $42.6 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 $0.08. GAAP EPS of $0.08 for Q4 were 60% higher 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 58.7%, 130 basis points worse than the prior-year quarter. Operating margin was 27.6%, 10 basis points better than the prior-year quarter. Net margin was 12.3%, 110 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $333.6 million. The average EPS estimate is $0.52.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 159 members out of 171 rating the stock outperform, and 12 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Akorn a green thumbs-up, and six 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 $16.14.