Texas Roadhouse (Nasdaq: TXRH) is expected to report Q3 earnings on Oct. 29. 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 Texas Roadhouse's revenues will increase 14.7% and EPS will expand 4.5%.

The average estimate for revenue is $308.8 million. On the bottom line, the average EPS estimate is $0.23.

Revenue details
Last quarter, Texas Roadhouse reported revenue of $320.3 million. GAAP reported sales were 15% higher than the prior-year quarter's $279.6 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, EPS came in at $0.28. GAAP EPS of $0.28 for Q2 were 27% higher than the prior-year quarter's $0.22 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 35.5%, 20 basis points better than the prior-year quarter. Operating margin was 9.8%, 130 basis points better than the prior-year quarter. Net margin was 6.3%, 50 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 $1.01.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 284 members out of 323 rating the stock outperform, and 39 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give Texas Roadhouse a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Texas Roadhouse is hold, with an average price target of $19.50.

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