Sequenom (Nasdaq: SQNM) 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 Sequenom's revenues will grow 156.7% and EPS will remain in the red.

The average estimate for revenue is $38.3 million. On the bottom line, the average EPS estimate is -$0.23.

Revenue details
 Last quarter, Sequenom booked revenue of $33.7 million. GAAP reported sales were much higher than the prior-year quarter's $15.5 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 -$0.29. GAAP EPS were -$0.29 for Q4 versus -$0.22 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 29.9%, 350 basis points better than the prior-year quarter. Operating margin was -87.7%, much better than the prior-year quarter. Net margin was -97.2%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $192.4 million. The average EPS estimate is -$0.77.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 657 members out of 717 rating the stock outperform, and 60 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 134 give Sequenom a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sequenom is outperform, with an average price target of $6.60.

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