Federal-Mogul (Nasdaq: FDML) is expected to report Q3 earnings around Oct. 19. 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 Federal-Mogul's revenues will contract -3.6% and EPS will shrink -25.0%.

The average estimate for revenue is $1.67 billion. On the bottom line, the average EPS estimate is $0.27.

Revenue details
Last quarter, Federal-Mogul notched revenue of $1.70 billion. GAAP reported sales were 5.3% lower than the prior-year quarter's $1.80 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 $0.54. GAAP EPS were -$0.60 for Q2 against $0.64 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 15.0%, 160 basis points worse than the prior-year quarter. Operating margin was 4.0%, 230 basis points worse than the prior-year quarter. Net margin was -3.5%, 710 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $6.87 billion. The average EPS estimate is $1.50.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 46 members out of 73 rating the stock outperform, and 27 members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Federal-Mogul a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Federal-Mogul is outperform, with an average price target of $16.00.

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