Avid Technology (Nasdaq: AVID) is expected to report Q3 earnings around 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 Avid Technology's revenues will wither -23.6% and EPS will shrink to a loss.

The average estimate for revenue is $126.0 million. On the bottom line, the average EPS estimate is -$0.08.

Revenue details
 Last quarter, Avid Technology notched revenue of $157.4 million. GAAP reported sales were 2.7% lower than the prior-year quarter's $161.8 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, non-GAAP EPS came in at -$0.11. GAAP EPS were -$1.01 for Q2 versus -$0.29 per share for the prior-year quarter.

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 48.6%, 270 basis points worse than the prior-year quarter. Operating margin was -6.1%, 30 basis points better than the prior-year quarter. Net margin was -24.9%, 1,800 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $585.5 million. The average EPS estimate is -$0.23.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 84 members out of 132 rating the stock outperform, and 48 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Avid Technology a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avid Technology is hold, with an average price target of $9.13.

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