Intel (Nasdaq: INTC) is expected to report Q3 earnings on Oct. 16. 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 Intel's revenues will decrease -7.2% and EPS will decrease -24.6%.

The average estimate for revenue is $13.20 billion. On the bottom line, the average EPS estimate is $0.52.

Revenue details
Last quarter, Intel recorded revenue of $13.50 billion. GAAP reported sales were 3.6% higher than the prior-year quarter's $13.03 billion.

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 $0.57. GAAP EPS of $0.54 were the same as 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 63.4%, 280 basis points better than the prior-year quarter. Operating margin was 28.4%, 180 basis points worse than the prior-year quarter. Net margin was 20.9%, 180 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $53.35 billion. The average EPS estimate is $2.22.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 9,005 members out of 9,608 rating the stock outperform, and 603 members rating it underperform. Among 1,936 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,826 give Intel a green thumbs-up, and 110 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intel is outperform, with an average price target of $29.30.

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