Western Refining (NYSE: WNR) 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 Western Refining's revenues will decrease -6.7% and EPS will grow 5.8%.

The average estimate for revenue is $2.24 billion. On the bottom line, the average EPS estimate is $1.45.

Revenue details
 Last quarter, Western Refining logged revenue of $2.47 billion. GAAP reported sales were 3.5% lower than the prior-year quarter's $2.56 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 $1.89. GAAP EPS of $2.19 for Q2 were 133% higher than the prior-year quarter's $0.94 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 18.3%, 850 basis points better than the prior-year quarter. Operating margin was 16.2%, 870 basis points better than the prior-year quarter. Net margin was 9.7%, 580 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $9.74 billion. The average EPS estimate is $5.09.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,095 members out of 1,149 rating the stock outperform, and 54 members rating it underperform. Among 254 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 245 give Western Refining a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Western Refining is outperform, with an average price target of $23.19.

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