Cogent Communications Group (Nasdaq: CCOI) 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 Cogent Communications Group's revenues will increase 10.9% and EPS will turn positive

The average estimate for revenue is $85.3 million. On the bottom line, the average EPS estimate is $0.02.

Revenue details
 Last quarter, Cogent Communications Group logged revenue of $82.6 million. GAAP reported sales were 4.4% higher than the prior-year quarter's $79.1 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 -$0.01. GAAP EPS were -$0.01 for Q4 against $0.12 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 54.4%, 320 basis points worse than the prior-year quarter. Operating margin was 11.1%, 270 basis points worse than the prior-year quarter. Net margin was -0.3%, 720 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $354.4 million. The average EPS estimate is $0.27.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 79 members out of 118 rating the stock outperform, and 39 members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Cogent Communications Group 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 Cogent Communications Group is outperform, with an average price target of $23.82.

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