Mueller Water Products (NYSE: MWA) is expected to report Q4 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 Mueller Water Products's revenues will contract -26.9% and EPS will decrease -233.3%.

The average estimate for revenue is $272.9 million. On the bottom line, the average EPS estimate is $0.04.

Revenue details
 Last quarter, Mueller Water Products booked revenue of $275.9 million. GAAP reported sales were 6.3% higher than the prior-year quarter's $259.6 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 $0.05. GAAP EPS were $0.06 for Q3 compared to -$0.02 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 28.9%, 70 basis points better than the prior-year quarter. Operating margin was 9.6%, about the same as the prior-year quarter. Net margin was 3.6%, 460 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.07 billion. The average EPS estimate is $0.03.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mueller Water Products is outperform, with an average price target of $3.56.