LMI Aerospace (Nasdaq: LMIA) is expected to report Q1 earnings on May 10. 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 LMI Aerospace's revenues will expand 61.6% and EPS will contract -19.5%.

The average estimate for revenue is $107.9 million. On the bottom line, the average EPS estimate is $0.33.

Revenue details
 Last quarter, LMI Aerospace logged revenue of $71.9 million. GAAP reported sales were 11% higher than the prior-year quarter's $65.0 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, non-GAAP EPS came in at $0.38. GAAP EPS of $0.08 for Q4 were 77% lower than the prior-year quarter's $0.35 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 22.6%, 30 basis points better than the prior-year quarter. Operating margin was 10.0%, 320 basis points better than the prior-year quarter. Net margin was 1.3%, 500 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $477.3 million. The average EPS estimate is $2.03.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 121 members out of 128 rating the stock outperform, and seven members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give LMI Aerospace 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 LMI Aerospace is buy, with an average price target of $27.67.

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