Chevron (NYSE: CVX) is expected to report Q3 earnings on Oct. 9. 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 Chevron's revenues will wither -4.9% and EPS will wither -21.7%.

The average estimate for revenue is $58.25 billion. On the bottom line, the average EPS estimate is $3.07.

Revenue details
Last quarter, Chevron reported revenue of $59.78 billion. GAAP reported sales were 10% lower than the prior-year quarter's $64.41 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 $3.56. GAAP EPS of $3.66 for Q2 were 4.9% lower than the prior-year quarter's $3.85 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 30.4%, 170 basis points worse than the prior-year quarter. Operating margin was 16.5%, 50 basis points worse than the prior-year quarter. Net margin was 12.5%, 50 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $247.88 billion. The average EPS estimate is $12.84.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 4,031 members out of 4,195 rating the stock outperform, and 164 members rating it underperform. Among 963 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 942 give Chevron a green thumbs-up, and 21 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chevron is outperform, with an average price target of $123.42.

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