Frontier Communications (Nasdaq: FTR) is expected to report Q3 earnings on Nov. 6. 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 Frontier Communications's revenues will wither -4.3% and EPS will grow 40.0%.

The average estimate for revenue is $1.24 billion. On the bottom line, the average EPS estimate is $0.07.

Revenue details
 Last quarter, Frontier Communications booked revenue of $1.26 billion. GAAP reported sales were 4.8% lower than the prior-year quarter's $1.32 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 $0.08. GAAP EPS of $0.02 for Q2 were 33% lower than the prior-year quarter's $0.03 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 90.8%, 30 basis points better than the prior-year quarter. Operating margin was 23.5%, 390 basis points better than the prior-year quarter. Net margin was 1.4%, 100 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.98 billion. The average EPS estimate is $0.27.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 978 members out of 1,085 rating the stock outperform, and 107 members rating it underperform. Among 204 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 183 give Frontier Communications a green thumbs-up, and 21 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Frontier Communications is outperform, with an average price target of $5.04.

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