Alcatel-Lucent (NYSE: ALU) is expected to report Q3 earnings on Nov. 2. 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 Alcatel-Lucent's revenues will decrease -10.5% and EPS will shrink to a loss.

The average estimate for revenue is $4.57 billion. On the bottom line, the average EPS estimate is -$0.03.

Revenue details
 Last quarter, Alcatel-Lucent reported revenue of $4.49 billion. GAAP reported sales were 19% lower than the prior-year quarter's $5.54 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 -$0.12. GAAP EPS were -$0.14 for Q2 compared to $0.03 per share for the prior-year quarter.

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 31.7%, 320 basis points worse than the prior-year quarter. Operating margin was 1.4%, 160 basis points worse than the prior-year quarter. Net margin was -7.2%, 830 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $18.94 billion. The average EPS estimate is -$0.11.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 716 members out of 886 rating the stock outperform, and 170 members rating it underperform. Among 121 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Alcatel-Lucent a green thumbs-up, and 32 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alcatel-Lucent is hold, with an average price target of $2.24.

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