Gulf Island Fabrication (Nasdaq: GIFI) is expected to report Q3 earnings around Oct. 22. 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 Gulf Island Fabrication's revenues will expand 66.8% and EPS will grow 381.8%.

The average estimate for revenue is $143.2 million. On the bottom line, the average EPS estimate is $0.53.

Revenue details
Last quarter, Gulf Island Fabrication reported revenue of $137.2 million. GAAP reported sales were 57% higher than the prior-year quarter's $87.3 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 $0.52. GAAP EPS of $0.52 for Q2 were 300% higher than the prior-year quarter's $0.13 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 10.1%, 450 basis points better than the prior-year quarter. Operating margin was 8.3%, 500 basis points better than the prior-year quarter. Net margin was 5.5%, 340 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $532.8 million. The average EPS estimate is $2.19.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 359 members out of 376 rating the stock outperform, and 17 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give Gulf Island Fabrication a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulf Island Fabrication is hold, with an average price target of $38.40.

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