Eagle Rock Energy Partners (Nasdaq: EROC) 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 Eagle Rock Energy Partners's revenues will wither -31.1% and EPS will decrease -63.6%.

The average estimate for revenue is $258.9 million. On the bottom line, the average EPS estimate is $0.04.

Revenue details
 Last quarter, Eagle Rock Energy Partners reported revenue of $282.4 million. GAAP reported sales were 34% lower than the prior-year quarter's $277.6 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 $0.01. GAAP EPS of $0.46 for Q2 were 2.1% lower than the prior-year quarter's $0.47 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 31.6%, 170 basis points better than the prior-year quarter. Operating margin was 50.3%, 2,700 basis points better than the prior-year quarter. Net margin was 33.7%, 1,390 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.06 billion. The average EPS estimate is $0.18.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 539 members out of 555 rating the stock outperform, and 16 members rating it underperform. Among 181 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 177 give Eagle Rock Energy Partners a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Eagle Rock Energy Partners is outperform, with an average price target of $12.67.

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