Valspar (NYSE: VAL) is expected to report Q3 earnings around Aug. 13. 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 Valspar's revenues will expand 5.3% and EPS will expand 20.0%.

The average estimate for revenue is $1.13 billion. On the bottom line, the average EPS estimate is $0.96.

Revenue details
Last quarter, Valspar booked revenue of $1.03 billion. GAAP reported sales were 4.0% higher than the prior-year quarter's $992.7 million.

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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 $0.84. GAAP EPS of $0.80 for Q2 were 38% higher than the prior-year quarter's $0.58 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 34.6%, 230 basis points better than the prior-year quarter. Operating margin was 13.1%, 240 basis points better than the prior-year quarter. Net margin was 7.4%, 170 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $4.16 billion. The average EPS estimate is $3.26.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Valspar is outperform, with an average price target of $51.75.