Advanced Energy Industries (Nasdaq: AEIS) 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 Advanced Energy Industries's revenues will shrink -6.4% and EPS will wither -9.5%.

The average estimate for revenue is $120.3 million. On the bottom line, the average EPS estimate is $0.19.

Revenue details
 Last quarter, Advanced Energy Industries logged revenue of $115.7 million. GAAP reported sales were 16% lower than the prior-year quarter's $138.2 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 $0.18. GAAP EPS of $0.22 for Q2 were 29% lower than the prior-year quarter's $0.31 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 37.8%, 230 basis points worse than the prior-year quarter. Operating margin was 9.7%, 280 basis points worse than the prior-year quarter. Net margin was 7.7%, 210 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $469.4 million. The average EPS estimate is $0.65.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 224 members out of 238 rating the stock outperform, and 14 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Advanced Energy Industries a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Energy Industries is hold, with an average price target of $14.75.

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