McDonald's (NYSE: MCD) is expected to report Q3 earnings on Oct. 19. 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 McDonald's revenues will shrink -0.1% and EPS will expand 2.1%.

The average estimate for revenue is $7.16 billion. On the bottom line, the average EPS estimate is $1.48.

Revenue details
 Last quarter, McDonald's booked revenue of $6.92 billion. GAAP reported sales were 0.2% higher than the prior-year quarter's $6.91 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 $1.32. GAAP EPS of $1.32 for Q2 were 2.2% lower than the prior-year quarter's $1.35 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 39.3%, 20 basis points worse than the prior-year quarter. Operating margin was 30.3%, 70 basis points worse than the prior-year quarter. Net margin was 19.5%, 90 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $27.64 billion. The average EPS estimate is $5.42.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 5,826 members out of 6,112 rating the stock outperform, and 286 members rating it underperform. Among 1,507 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,459 give McDonald's a green thumbs-up, and 48 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on McDonald's is outperform, with an average price target of $101.09.

Can your portfolio provide you with enough income to last through retirement? You'll need more than McDonald's. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.