Embraer (NYSE: ERJ) 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 Embraer's revenues will increase 1.1% and EPS will contract -20.6%.

The average estimate for revenue is $1.38 billion. On the bottom line, the average EPS estimate is $0.54.

Revenue details
 Last quarter, Embraer reported revenue of $1.72 billion. GAAP reported sales were 20% higher than the prior-year quarter's $1.39 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 $1.03. GAAP EPS of $0.31 for Q2 were 43% lower than the prior-year quarter's $0.54 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 23.6%, 120 basis points better than the prior-year quarter. Operating margin was 13.7%, 770 basis points better than the prior-year quarter. Net margin was 3.4%, 370 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $6.01 billion. The average EPS estimate is $2.29.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 615 members out of 638 rating the stock outperform, and 23 members rating it underperform. Among 195 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 190 give Embraer a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Embraer is outperform, with an average price target of $34.80.