BlackRock (NYSE: BLK) 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 BlackRock's revenues will increase 1.8% and EPS will expand 16.3%.

The average estimate for revenue is $2.26 billion. On the bottom line, the average EPS estimate is $3.29.

Revenue details
Last quarter, BlackRock booked revenue of $2.23 billion. GAAP reported sales were 5.0% lower than the prior-year quarter's $2.35 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 $3.10. GAAP EPS of $3.08 for Q2 were 4.0% lower than the prior-year quarter's $3.21 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 53.5%, 30 basis points better than the prior-year quarter. Operating margin was 37.2%, 30 basis points better than the prior-year quarter. Net margin was 24.9%, 150 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $9.21 billion. The average EPS estimate is $13.17.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 441 members out of 489 rating the stock outperform, and 48 members rating it underperform. Among 112 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give BlackRock a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BlackRock is outperform, with an average price target of $206.94.

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