Flowserve (NYSE: FLS) is expected to report Q3 earnings on Oct. 29. 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 Flowserve's revenues will expand 3.5% and EPS will grow 2.5%.

The average estimate for revenue is $1.16 billion. On the bottom line, the average EPS estimate is $2.07.

Revenue details
 Last quarter, Flowserve recorded revenue of $1.18 billion. GAAP reported sales were 5.0% higher than the prior-year quarter's $1.13 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 $1.98. GAAP EPS of $1.98 for Q2 were 13% higher than the prior-year quarter's $1.76 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 32.5%, 30 basis points worse than the prior-year quarter. Operating margin was 13.6%, 150 basis points better than the prior-year quarter. Net margin was 9.1%, 30 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.74 billion. The average EPS estimate is $8.51.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 836 members out of 857 rating the stock outperform, and 21 members rating it underperform. Among 187 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 186 give Flowserve a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flowserve is outperform, with an average price target of $145.00.