ARM Holdings (Nasdaq: ARMH) 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 ARM Holdings's revenues will expand 20.1% and EPS will grow 21.4%.

The average estimate for revenue is $225.7 million. On the bottom line, the average EPS estimate is $0.17.

Revenue details
 Last quarter, ARM Holdings recorded revenue of $212.5 million. GAAP reported sales were 12% higher than the prior-year quarter's $189.2 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 $0.17. GAAP EPS of $0.04 for Q2 were 33% higher than the prior-year quarter's $0.03 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 94.8%, 70 basis points better than the prior-year quarter. Operating margin was 39.0%, 1,150 basis points better than the prior-year quarter. Net margin was 29.1%, 650 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $900.0 million. The average EPS estimate is $0.69.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 821 members out of 897 rating the stock outperform, and 76 members rating it underperform. Among 201 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 179 give ARM Holdings 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 ARM Holdings is outperform, with an average price target of $29.17.

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