iGATE (Nasdaq: IGTE) is expected to report Q3 earnings around Oct. 11. 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 iGATE's revenues will grow 4.2% and EPS will grow 42.3%.

The average estimate for revenue is $276.9 million. On the bottom line, the average EPS estimate is $0.37.

Revenue details
Last quarter, iGATE booked revenue of $268.0 million. GAAP reported sales were 57% higher than the prior-year quarter's $170.4 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 $0.28. GAAP EPS were $0.07 for Q2 versus -$0.02 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 37.4%, 270 basis points better than the prior-year quarter. Operating margin was 17.9%, 1,220 basis points better than the prior-year quarter. Net margin was 4.7%, 240 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.09 billion. The average EPS estimate is $1.42.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 209 members out of 217 rating the stock outperform, and eight members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give iGATE a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on iGATE is outperform, with an average price target of $22.57.

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