Western Digital (Nasdaq: WDC) is expected to report Q3 earnings on April 24. 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 Digital's revenues will grow 19.0% and EPS will wane -30.2%.

The average estimate for revenue is $3.61 billion. On the bottom line, the average EPS estimate is $1.76.

Revenue details
 Last quarter, Western Digital chalked up revenue of $3.82 billion. GAAP reported sales were 92% higher than the prior-year quarter's $2.00 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 $2.09. GAAP EPS of $1.36 for Q2 were 123% higher than the prior-year quarter's $0.61 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 27.7%, 480 basis points worse than the prior-year quarter. Operating margin was 13.6%, 450 basis points worse than the prior-year quarter. Net margin was 8.8%, 150 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $15.05 billion. The average EPS estimate is $7.97.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,318 members out of 1,392 rating the stock outperform, and 74 members rating it underperform. Among 295 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 281 give Western Digital a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Western Digital is hold, with an average price target of $42.02.

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