Sequenom (Nasdaq: SQNM) is expected to report Q2 earnings on July 24. 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 153.4% and EPS will remain in the red.

The average estimate for revenue is $46.2 million. On the bottom line, the average EPS estimate is -$0.21.

Revenue details
Last quarter, Sequenom recorded revenue of $38.5 million. GAAP reported sales were much higher than the prior-year quarter's $14.9 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, EPS came in at -$0.26. GAAP EPS were -$0.26 for Q1 compared to -$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 36.3%, 530 basis points better than the prior-year quarter. Operating margin was -70.2%, much better than the prior-year quarter. Net margin was -76.3%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $199.3 million. The average EPS estimate is -$0.80.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 656 members out of 712 rating the stock outperform, and 56 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 144 give Sequenom a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sequenom is buy, with an average price target of $7.00.

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