Johnson Controls (NYSE: JCI) is expected to report Q3 earnings around July 18. 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 Johnson Controls's revenues will grow 3.6% and EPS will grow 17.2%.

The average estimate for revenue is $10.96 billion. On the bottom line, the average EPS estimate is $0.75.

Revenue details
Last quarter, Johnson Controls recorded revenue of $10.43 billion. GAAP reported sales were 1.3% lower than the prior-year quarter's $10.57 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 $0.42. GAAP EPS of $0.21 for Q2 were 62% lower than the prior-year quarter's $0.55 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 14.3%, 40 basis points worse than the prior-year quarter. Operating margin was 3.6%, 120 basis points worse than the prior-year quarter. Net margin was 1.4%, 220 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $42.85 billion. The average EPS estimate is $2.61.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,186 members out of 1,250 rating the stock outperform, and 64 members rating it underperform. Among 296 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 284 give Johnson Controls a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Johnson Controls is outperform, with an average price target of $34.63.

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