Flotek Industries (NYSE: FTK) 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 Flotek Industries's revenues will increase 12.8% and EPS will contract -44.7%.

The average estimate for revenue is $84.7 million. On the bottom line, the average EPS estimate is $0.21.

Revenue details
 Last quarter, Flotek Industries chalked up revenue of $78.3 million. GAAP reported sales were 40% higher than the prior-year quarter's $55.9 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, EPS came in at $0.25. GAAP EPS of $0.25 for Q2 were much higher than the prior-year quarter's $0.04 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 42.2%, 240 basis points better than the prior-year quarter. Operating margin was 19.9%, 580 basis points better than the prior-year quarter. Net margin was 16.8%, 1,300 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $327.7 million. The average EPS estimate is $0.75.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 754 members out of 785 rating the stock outperform, and 31 members rating it underperform. Among 154 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 143 give Flotek Industries a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flotek Industries is buy, with an average price target of $16.67.