Mellanox Technologies (Nasdaq: MLNX) is expected to report Q3 earnings on Oct. 17. 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 Mellanox Technologies's revenues will grow 124.2% and EPS will increase 258.1%.

The average estimate for revenue is $152.8 million. On the bottom line, the average EPS estimate is $1.11.

Revenue details
 Last quarter, Mellanox Technologies booked revenue of $133.5 million. GAAP reported sales were much higher than the prior-year quarter's $63.3 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 $0.99. GAAP EPS of $0.74 for Q2 were much higher than the prior-year quarter's $0.06 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 68.8%, 390 basis points better than the prior-year quarter. Operating margin was 24.0%, 1,960 basis points better than the prior-year quarter. Net margin was 24.0%, 2,060 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $531.7 million. The average EPS estimate is $3.67.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 193 members out of 217 rating the stock outperform, and 24 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Mellanox Technologies a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mellanox Technologies is outperform, with an average price target of $69.58.

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