Cypress Semiconductor (Nasdaq: CY) is expected to report Q3 earnings on Oct. 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 Cypress Semiconductor's revenues will compress -22.9% and EPS will drop -45.9%.

The average estimate for revenue is $204.1 million. On the bottom line, the average EPS estimate is $0.20.

Revenue details
 Last quarter, Cypress Semiconductor reported revenue of $201.3 million. GAAP reported sales were 21% lower than the prior-year quarter's $255.0 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 $0.18. GAAP EPS of $0.03 for Q2 were 86% lower 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 53.2%, 130 basis points worse than the prior-year quarter. Operating margin was 3.8%, 810 basis points worse than the prior-year quarter. Net margin was 2.5%, 1,350 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $798.7 million. The average EPS estimate is $0.71.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 996 members out of 1,042 rating the stock outperform, and 46 members rating it underperform. Among 196 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 184 give Cypress Semiconductor 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 Cypress Semiconductor is outperform, with an average price target of $18.17.

Can your portfolio provide you with enough income to last through retirement? You'll need more than Cypress Semiconductor. Learn how to maximize your investment income and get "The 3 DOW Stocks Dividend Investors Need." Click here for instant access to this free report.