Masimo (Nasdaq: MASI) 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 Masimo's revenues will grow 16.3% and EPS will increase 8.3%.

The average estimate for revenue is $121.0 million. On the bottom line, the average EPS estimate is $0.26.

Revenue details
 Last quarter, Masimo booked revenue of $122.8 million. GAAP reported sales were 12% higher than the prior-year quarter's $109.6 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 $0.27. GAAP EPS of $0.30 for Q2 were 7.1% higher than the prior-year quarter's $0.28 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 66.3%, 240 basis points worse than the prior-year quarter. Operating margin was 18.5%, 170 basis points worse than the prior-year quarter. Net margin was 14.4%, 120 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $492.8 million. The average EPS estimate is $1.11.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 170 members out of 178 rating the stock outperform, and eight members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Masimo a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Masimo is hold, with an average price target of $25.06.