Select Comfort (Nasdaq: SCSS) is expected to report Q3 earnings on Oct. 17. 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 Select Comfort's revenues will grow 22.8% and EPS will grow 32.3%.

The average estimate for revenue is $245.2 million. On the bottom line, the average EPS estimate is $0.41.

Revenue details
 Last quarter, Select Comfort notched revenue of $205.2 million. GAAP reported sales were 27% higher than the prior-year quarter's $161.5 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 $0.30. GAAP EPS of $0.30 for Q2 were 50% higher than the prior-year quarter's $0.20 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 64.1%, 60 basis points better than the prior-year quarter. Operating margin was 12.6%, 170 basis points better than the prior-year quarter. Net margin was 8.3%, 130 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $944.5 million. The average EPS estimate is $1.47.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,501 members out of 2,841 rating the stock outperform, and 340 members rating it underperform. Among 911 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 839 give Select Comfort a green thumbs-up, and 72 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Select Comfort is outperform, with an average price target of $38.63.

If you're invested in retailers like Select Comfort, you should check out the concept that is The Motley Fool's top stock for 2012. Its founder wrote the book on big box retailing, and it's growing in increasingly important international markets. Click here for instant access to this free report.