Itron (Nasdaq: ITRI) is expected to report Q3 earnings on Oct. 30. 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 Itron's revenues will compress -14.9% and EPS will grow 1.1%.

The average estimate for revenue is $524.1 million. On the bottom line, the average EPS estimate is $0.93.

Revenue details
 Last quarter, Itron logged revenue of $579.1 million. GAAP reported sales were 5.4% lower than the prior-year quarter's $612.4 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 $1.16. GAAP EPS of $0.79 for Q2 were 6.0% lower than the prior-year quarter's $0.84 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 34.0%, 270 basis points better than the prior-year quarter. Operating margin was 9.4%, 120 basis points better than the prior-year quarter. Net margin was 5.5%, 10 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.18 billion. The average EPS estimate is $3.87.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 517 members out of 542 rating the stock outperform, and 25 members rating it underperform. Among 129 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Itron a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Itron is outperform, with an average price target of $48.59.