Polycom (Nasdaq: PLCM) 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 Polycom's revenues will decrease -12.7% and EPS will wane -69.2%.

The average estimate for revenue is $331.0 million. On the bottom line, the average EPS estimate is $0.08.

Revenue details
 Last quarter, Polycom logged revenue of $358.5 million. GAAP reported sales were 5.3% higher than the prior-year quarter's $340.6 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 $0.22. GAAP EPS of $0.03 for Q2 were 80% lower than the prior-year quarter's $0.15 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 59.7%, 220 basis points worse than the prior-year quarter. Operating margin was 5.6%, 540 basis points worse than the prior-year quarter. Net margin was 1.8%, 660 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.41 billion. The average EPS estimate is $0.67.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 200 members out of 222 rating the stock outperform, and 22 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Polycom a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Polycom is hold, with an average price target of $14.42.

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