Clearwire (Nasdaq: CLWR) is expected to report Q3 earnings on Oct. 25. 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 Clearwire's revenues will contract -6.0% and EPS will remain in the red.

The average estimate for revenue is $312.4 million. On the bottom line, the average EPS estimate is -$0.30.

Revenue details
 Last quarter, Clearwire reported revenue of $316.9 million. GAAP reported sales were 1.8% lower than the prior-year quarter's $322.6 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 -$0.26. GAAP EPS were -$0.33 for Q2 compared to -$1.01 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 41.0%, 960 basis points better than the prior-year quarter. Operating margin was -85.5%, 1,300 basis points better than the prior-year quarter. Net margin was -46.0%, 630 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.26 billion. The average EPS estimate is -$1.41.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 586 members out of 714 rating the stock outperform, and 128 members rating it underperform. Among 140 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Clearwire a green thumbs-up, and 45 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clearwire is hold, with an average price target of $2.70.