QR Energy (NYSE: QRE) 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 QR Energy's revenues will increase 164.3% and EPS will decrease -1033.3%.

The average estimate for revenue is $75.9 million. On the bottom line, the average EPS estimate is $0.28.

Revenue details
 Last quarter, QR Energy notched revenue of $62.2 million. GAAP reported sales were 8.4% lower than the prior-year quarter's $67.9 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 $0.20. GAAP EPS of $1.55 for Q2 were 252% higher than the prior-year quarter's $0.44 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 58.6%, 1,010 basis points worse than the prior-year quarter. Operating margin was 177.1%, 11,060 basis points better than the prior-year quarter. Net margin was 159.3%, 11,660 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $287.6 million. The average EPS estimate is $0.92.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 80 members out of 84 rating the stock outperform, and four members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give QR Energy a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QR Energy is outperform, with an average price target of $23.60.

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