Noble (NYSE: NE) 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 Noble's revenues will grow 22.9% and EPS will expand 8.2%.

The average estimate for revenue is $906.8 million. On the bottom line, the average EPS estimate is $0.53.

Revenue details
Last quarter, Noble booked revenue of $898.9 million. GAAP reported sales were 44% higher than the prior-year quarter's $603.9 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 $0.59. GAAP EPS of $0.63 for Q2 were 200% higher than the prior-year quarter's $0.21 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 49.9%, 710 basis points better than the prior-year quarter. Operating margin was 26.4%, 1,330 basis points better than the prior-year quarter. Net margin was 18.4%, 940 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.61 billion. The average EPS estimate is $2.46.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,219 members out of 2,252 rating the stock outperform, and 33 members rating it underperform. Among 514 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 506 give Noble 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 Noble is outperform, with an average price target of $46.16.

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