AK Steel Holding (NYSE: AKS) is expected to report Q3 earnings on Oct. 23. 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 AK Steel Holding's revenues will wane -7.5% and EPS will shrink to a loss.

The average estimate for revenue is $1.47 billion. On the bottom line, the average EPS estimate is -$0.42.

Revenue details
Last quarter, AK Steel Holding booked revenue of $1.54 billion. GAAP reported sales were 14% lower than the prior-year quarter's $1.79 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 $0.10. GAAP EPS were -$6.55 for Q2 against $0.30 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 9.5%, 70 basis points better than the prior-year quarter. Operating margin was 3.7%, 10 basis points worse than the prior-year quarter. Net margin was -47.1%, 4,890 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $6.01 billion. The average EPS estimate is -$0.58.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 846 members out of 936 rating the stock outperform, and 90 members rating it underperform. Among 179 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 157 give AK Steel Holding a green thumbs-up, and 22 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AK Steel Holding is hold, with an average price target of $7.48.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.