Piedmont Natural Gas (NYSE: PNY) is expected to report Q3 earnings around Sep. 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 Piedmont Natural Gas's revenues will compress -3.8% and EPS will remain in the red.

The average estimate for revenue is $189.8 million. On the bottom line, the average EPS estimate is -$0.09.

Revenue details
Last quarter, Piedmont Natural Gas recorded revenue of $308.4 million. GAAP reported sales were 21% lower than the prior-year quarter's $392.6 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 $0.70. GAAP EPS of $0.70 for Q2 were 6.1% higher than the prior-year quarter's $0.66 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 36.1%, 710 basis points better than the prior-year quarter. Operating margin was 24.9%, 470 basis points better than the prior-year quarter. Net margin was 16.3%, 420 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.19 billion. The average EPS estimate is $1.58.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 172 members out of 187 rating the stock outperform, and 15 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Piedmont Natural Gas 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 Piedmont Natural Gas is hold, with an average price target of $30.71.

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