IPG Photonics (Nasdaq: IPGP) 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 IPG Photonics's revenues will increase 16.8% and EPS will grow 21.2%.

The average estimate for revenue is $150.8 million. On the bottom line, the average EPS estimate is $0.80.

Revenue details
 Last quarter, IPG Photonics logged revenue of $137.9 million. GAAP reported sales were 13% higher than the prior-year quarter's $121.9 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 $0.68. GAAP EPS of $0.72 for Q2 were 14% higher than the prior-year quarter's $0.63 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 54.3%, 40 basis points worse than the prior-year quarter. Operating margin was 38.5%, 80 basis points better than the prior-year quarter. Net margin was 27.4%, 220 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $567.9 million. The average EPS estimate is $2.97.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,438 members out of 1,470 rating the stock outperform, and 32 members rating it underperform. Among 431 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 424 give IPG Photonics a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on IPG Photonics is outperform, with an average price target of $65.55.