Newport (Nasdaq: NEWP) 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 Newport's revenues will increase 20.9% and EPS will grow 6.7%.

The average estimate for revenue is $151.8 million. On the bottom line, the average EPS estimate is $0.32.

Revenue details
 Last quarter, Newport reported revenue of $153.7 million. GAAP reported sales were 18% higher than the prior-year quarter's $130.1 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 $0.30. GAAP EPS of $0.24 for Q2 were 33% lower than the prior-year quarter's $0.36 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 43.5%, 240 basis points worse than the prior-year quarter. Operating margin was 7.4%, 550 basis points worse than the prior-year quarter. Net margin was 6.0%, 470 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $618.7 million. The average EPS estimate is $1.27.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 106 members out of 121 rating the stock outperform, and 15 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Newport a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Newport is outperform, with an average price target of $22.29.