Ixia (Nasdaq: XXIA) 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 Ixia's revenues will expand 38.8% and EPS will grow 25.0%.

The average estimate for revenue is $107.3 million. On the bottom line, the average EPS estimate is $0.20.

Revenue details
 Last quarter, Ixia booked revenue of $92.3 million. GAAP reported sales were 34% higher than the prior-year quarter's $69.0 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 $0.18. GAAP EPS of $0.33 for Q2 were much higher than the prior-year quarter's $0.01 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 81.6%, 280 basis points better than the prior-year quarter. Operating margin was 13.3%, 940 basis points better than the prior-year quarter. Net margin was 29.1%, 2,840 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $407.9 million. The average EPS estimate is $0.75.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 59 members out of 70 rating the stock outperform, and 11 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Ixia a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ixia is outperform, with an average price target of $14.25.

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