Flotek Industries (NYSE: FTK) is expected to report Q1 earnings around May 8. 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 Flotek Industries's revenues will wither -1.0% and EPS will grow 142.9%.

The average estimate for revenue is $78.4 million. On the bottom line, the average EPS estimate is $0.17.

Revenue details
 Last quarter, Flotek Industries notched revenue of $76.7 million. GAAP reported sales were 2.4% higher than the prior-year quarter's $74.9 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 $0.44. GAAP EPS of $0.41 for Q4 were much higher than the prior-year quarter's $0.02 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 40.8%, 150 basis points worse than the prior-year quarter. Operating margin was 13.9%, 690 basis points worse than the prior-year quarter. Net margin was 30.2%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $338.8 million. The average EPS estimate is $0.89.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 750 members out of 783 rating the stock outperform, and 33 members rating it underperform. Among 129 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 119 give Flotek Industries a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flotek Industries is buy, with an average price target of $15.83.

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