ArcelorMittal (NYSE: MT) is expected to report Q3 earnings on Oct. 31. 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 ArcelorMittal's revenues will wither -18.6% and EPS will contract -70.2%.

The average estimate for revenue is $19.71 billion. On the bottom line, the average EPS estimate is $0.14.

Revenue details
Last quarter, ArcelorMittal recorded revenue of $22.48 billion. GAAP reported sales were 11% lower than the prior-year quarter's $25.13 billion.

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 $0.70. GAAP EPS of $0.55 for Q2 were 43% lower than the prior-year quarter's $0.96 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 10.6%, 280 basis points worse than the prior-year quarter. Operating margin was 8.3%, 250 basis points worse than the prior-year quarter. Net margin was 4.3%, 180 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $86.40 billion. The average EPS estimate is $0.64.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,071 members out of 2,135 rating the stock outperform, and 64 members rating it underperform. Among 441 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 427 give ArcelorMittal a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ArcelorMittal is outperform, with an average price target of $27.09.

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