RF Micro Devices (Nasdaq: RFMD) is expected to report Q3 earnings on Jan. 22. 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 RF Micro Devices's revenues will grow 9.0% and EPS will increase 200.0%.

The average estimate for revenue is $245.7 million. On the bottom line, the average EPS estimate is $0.06.

Revenue details
 Last quarter, RF Micro Devices tallied revenue of $209.7 million. GAAP reported sales were 14% lower than the prior-year quarter's $243.8 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, non-GAAP EPS came in at $0.03. GAAP EPS were -$0.06 for Q2 compared to $0.05 per share for the prior-year quarter.

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 31.7%, 540 basis points worse than the prior-year quarter. Operating margin was -3.5%, 1,290 basis points worse than the prior-year quarter. Net margin was -7.8%, 1,370 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $885.8 million. The average EPS estimate is $0.14.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 695 members out of 741 rating the stock outperform, and 46 members rating it underperform. Among 109 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give RF Micro Devices a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RF Micro Devices is outperform, with an average price target of $5.53.

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