Regency Energy Partners (NYSE: RGP) is expected to report Q3 earnings on Nov. 7. 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 Regency Energy Partners's revenues will decrease -4.0% and EPS will increase 25.0%.

The average estimate for revenue is $374.8 million. On the bottom line, the average EPS estimate is $0.10.

Revenue details
 Last quarter, Regency Energy Partners reported revenue of $312.0 million. GAAP reported sales were 18% lower than the prior-year quarter's $364.0 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 $0.20. GAAP EPS of $0.10 for Q2 were 43% higher than the prior-year quarter's $0.07 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 24.0%, 460 basis points better than the prior-year quarter. Operating margin was 8.3%, 660 basis points better than the prior-year quarter. Net margin was 9.7%, 570 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.41 billion. The average EPS estimate is $0.47.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Regency Energy Partners is outperform, with an average price target of $27.90.

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