Netflix (Nasdaq: NFLX) is expected to report Q3 earnings on Oct. 23. 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 Netflix's revenues will grow 10.1% and EPS will decrease -96.6%.

The average estimate for revenue is $905.0 million. On the bottom line, the average EPS estimate is $0.04.

Revenue details
 Last quarter, Netflix logged revenue of $889.2 million. GAAP reported sales were 13% higher than the prior-year quarter's $788.6 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 $0.11. GAAP EPS of $0.11 for Q2 were 91% lower than the prior-year quarter's $1.26 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 27.6%, 1,030 basis points worse than the prior-year quarter. Operating margin was 1.8%, 1,280 basis points worse than the prior-year quarter. Net margin was 0.7%, 790 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.61 billion. The average EPS estimate is -$0.02.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 7,850 members out of 9,619 rating the stock outperform, and 1,769 members rating it underperform. Among 2,386 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 2,079 give Netflix a green thumbs-up, and 307 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Netflix is hold, with an average price target of $89.50.

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