Chesapeake Energy (NYSE: CHK) is expected to report Q3 earnings on Nov. 1. 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 Chesapeake Energy's revenues will contract -31.5% and EPS will drop -87.5%.

The average estimate for revenue is $2.73 billion. On the bottom line, the average EPS estimate is $0.09.

Revenue details
Last quarter, Chesapeake Energy recorded revenue of $3.39 billion. GAAP reported sales were 2.1% higher than the prior-year quarter's $3.32 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 $0.06. GAAP EPS of $1.29 for Q2 were 90% higher than the prior-year quarter's $0.68 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 53.3%, 650 basis points better than the prior-year quarter. Operating margin was 28.9%, 100 basis points worse than the prior-year quarter. Net margin was 28.7%, 1,330 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.05 billion. The average EPS estimate is $0.46.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 7,485 members out of 7,725 rating the stock outperform, and 240 members rating it underperform. Among 1,396 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,353 give Chesapeake Energy a green thumbs-up, and 43 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chesapeake Energy is outperform, with an average price target of $22.83.

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