Silicon Motion Technology (Nasdaq: SIMO) is expected to report Q3 earnings on Oct. 24. 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 Silicon Motion Technology's revenues will grow 17.8% and EPS will wither -33.9%.

The average estimate for revenue is $74.5 million. On the bottom line, the average EPS estimate is $0.37.

Revenue details
Last quarter, Silicon Motion Technology booked revenue of $69.7 million. GAAP reported sales were 38% higher than the prior-year quarter's $50.6 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, EPS came in at $0.32. GAAP EPS of $0.32 for Q2 were 129% higher than the prior-year quarter's $0.14 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 48.9%, 210 basis points better than the prior-year quarter. Operating margin was 19.4%, 350 basis points better than the prior-year quarter. Net margin was 15.3%, 640 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $285.6 million. The average EPS estimate is $1.47.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 773 members out of 793 rating the stock outperform, and 20 members rating it underperform. Among 173 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 168 give Silicon Motion Technology a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Motion Technology is buy, with an average price target of $30.00.

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