Teekay LNG Partners (NYSE: TGP) is expected to report Q3 earnings on Nov. 8. 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 Teekay LNG Partners's revenues will grow 1.1% and EPS will expand 12.0%.

The average estimate for revenue is $98.3 million. On the bottom line, the average EPS estimate is $0.56.

Revenue details
 Last quarter, Teekay LNG Partners logged revenue of $96.4 million. GAAP reported sales were 4.5% higher than the prior-year quarter's $92.2 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 $0.62. GAAP EPS were $0.50 for Q2 compared to -$0.09 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 78.9%, 500 basis points better than the prior-year quarter. Operating margin was 46.5%, 370 basis points better than the prior-year quarter. Net margin was 39.1%, 4,250 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $392.1 million. The average EPS estimate is $2.10.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 226 members out of 233 rating the stock outperform, and seven members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Teekay LNG Partners 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 Teekay LNG Partners is outperform, with an average price target of $41.50.

Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.