Xerox (NYSE: XRX) 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 Xerox's revenues will decrease -1.5% and EPS will contract -3.8%.

The average estimate for revenue is $5.50 billion. On the bottom line, the average EPS estimate is $0.25.

Revenue details
 Last quarter, Xerox booked revenue of $5.54 billion. GAAP reported sales were 1.3% lower than the prior-year quarter's $5.61 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 $0.26. GAAP EPS of $0.22 were the same as 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 32.0%, 140 basis points worse than the prior-year quarter. Operating margin was 8.2%, 60 basis points worse than the prior-year quarter. Net margin was 5.6%, 10 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $22.54 billion. The average EPS estimate is $1.07.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 549 members out of 621 rating the stock outperform, and 72 members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 134 give Xerox a green thumbs-up, and 16 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xerox is outperform, with an average price target of $9.00.

Can your portfolio provide you with enough income to last through retirement? You'll need more than Xerox. Learn how to maximize your investment income and get "The 3 DOW Stocks Dividend Investors Need." Click here for instant access to this free report.