Halliburton (NYSE: HAL) 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 Halliburton's revenues will expand 9.5% and EPS will wane -27.7%.

The average estimate for revenue is $7.17 billion. On the bottom line, the average EPS estimate is $0.68.

Revenue details
 Last quarter, Halliburton logged revenue of $7.23 billion. GAAP reported sales were 22% higher than the prior-year quarter's $5.94 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 $0.80. GAAP EPS of $0.79 for Q2 were 1.3% lower than the prior-year quarter's $0.80 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 17.5%, 320 basis points worse than the prior-year quarter. Operating margin was 16.6%, 300 basis points worse than the prior-year quarter. Net margin was 10.2%, 230 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $28.60 billion. The average EPS estimate is $3.12.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Halliburton is outperform, with an average price target of $44.70.

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