Textron (NYSE: TXT) 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 Textron's revenues will increase 9.0% and EPS will grow 13.3%.

The average estimate for revenue is $3.07 billion. On the bottom line, the average EPS estimate is $0.51.

Revenue details
Last quarter, Textron tallied revenue of $3.02 billion. GAAP reported sales were 11% higher than the prior-year quarter's $2.73 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, EPS came in at $0.58. GAAP EPS of $0.58 for Q2 were 107% higher than the prior-year quarter's $0.28 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 19.0%, 180 basis points better than the prior-year quarter. Operating margin was 9.6%, 330 basis points better than the prior-year quarter. Net margin was 5.7%, 240 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $12.43 billion. The average EPS estimate is $2.09.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 533 members out of 584 rating the stock outperform, and 51 members rating it underperform. Among 160 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 151 give Textron a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Textron is outperform, with an average price target of $30.50.