Tesoro Logistics (NYSE: TLLP) is expected to report Q3 earnings on Nov. 5. 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 Tesoro Logistics's revenues will increase 47.0% and EPS will grow 2.0%.

The average estimate for revenue is $39.9 million. On the bottom line, the average EPS estimate is $0.50.

Revenue details
Last quarter, Tesoro Logistics reported revenue of $33.2 million. GAAP reported sales were 68% higher than the prior-year quarter's $19.8 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, EPS came in at $0.41. GAAP EPS of $0.41 for Q2 were much higher than the prior-year quarter's $0.05 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 53.4%, 960 basis points better than the prior-year quarter. Operating margin was 34.9%, 1,480 basis points better than the prior-year quarter. Net margin was 38.3%, 1,480 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $148.6 million. The average EPS estimate is $1.81.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 34 members out of 35 rating the stock outperform, and one members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give Tesoro Logistics a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tesoro Logistics is buy, with an average price target of $38.22.

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