Cognizant Technology Solutions (Nasdaq: CTSH) is expected to report Q3 earnings on Nov. 7. 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 Cognizant Technology Solutions's revenues will expand 17.3% and EPS will grow 19.2%.

The average estimate for revenue is $1.88 billion. On the bottom line, the average EPS estimate is $0.87.

Revenue details
 Last quarter, Cognizant Technology Solutions logged revenue of $1.80 billion. GAAP reported sales were 21% higher than the prior-year quarter's $1.49 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, EPS came in at $0.82. GAAP EPS of $0.82 for Q2 were 22% higher than the prior-year quarter's $0.67 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 42.6%, 60 basis points better than the prior-year quarter. Operating margin was 18.5%, 30 basis points better than the prior-year quarter. Net margin was 14.0%, about the same as the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $7.35 billion. The average EPS estimate is $3.42.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,067 members out of 1,124 rating the stock outperform, and 57 members rating it underperform. Among 299 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 286 give Cognizant Technology Solutions a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cognizant Technology Solutions is outperform, with an average price target of $74.96.

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