Philip Morris International (NYSE: PM) 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 Philip Morris International's revenues will wither -1.5% and EPS will grow 1.5%.

The average estimate for revenue is $8.24 billion. On the bottom line, the average EPS estimate is $1.39.

Revenue details
Last quarter, Philip Morris International logged revenue of $8.12 billion. GAAP reported sales were 1.8% lower than the prior-year quarter's $8.27 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, EPS came in at $1.36. GAAP EPS of $1.36 for Q2 were 0.7% higher than the prior-year quarter's $1.35 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 67.2%, 160 basis points better than the prior-year quarter. Operating margin was 44.5%, 40 basis points worse than the prior-year quarter. Net margin was 28.5%, 60 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $31.70 billion. The average EPS estimate is $5.20.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,867 members out of 2,926 rating the stock outperform, and 59 members rating it underperform. Among 834 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 823 give Philip Morris International a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Philip Morris International is outperform, with an average price target of $90.95.

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