EOG Resources (NYSE: EOG) is expected to report Q3 earnings around Nov. 5. 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 EOG Resources's revenues will compress -5.2% and EPS will expand 33.7%.

The average estimate for revenue is $2.74 billion. On the bottom line, the average EPS estimate is $1.11.

Revenue details
Last quarter, EOG Resources chalked up revenue of $2.91 billion. GAAP reported sales were 18% higher than the prior-year quarter's $2.22 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 $1.16. GAAP EPS of $1.47 for Q2 were 34% higher than the prior-year quarter's $1.10 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 57.8%, 590 basis points worse than the prior-year quarter. Operating margin was 22.2%, 310 basis points better than the prior-year quarter. Net margin was 15.2%, 190 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.26 billion. The average EPS estimate is $4.64.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 842 members out of 874 rating the stock outperform, and 32 members rating it underperform. Among 222 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 213 give EOG Resources a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EOG Resources is outperform, with an average price target of $128.59.

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