MEMC Electronic Materials (NYSE: WFR) is expected to report Q3 earnings around 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 MEMC Electronic Materials's revenues will shrink -40.9% and EPS will remain in the red.

The average estimate for revenue is $508.0 million. On the bottom line, the average EPS estimate is -$0.12.

Revenue details
Last quarter, MEMC Electronic Materials booked revenue of $933.4 million. GAAP reported sales were 8.4% higher than the prior-year quarter's $745.6 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 $0.14. GAAP EPS were -$0.27 for Q2 versus $0.21 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 13.2%, 1,320 basis points worse than the prior-year quarter. Operating margin was 0.3%, 1,230 basis points worse than the prior-year quarter. Net margin was -7.6%, 1,390 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.68 billion. The average EPS estimate is -$0.18.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,803 members out of 1,872 rating the stock outperform, and 69 members rating it underperform. Among 354 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 335 give MEMC Electronic Materials a green thumbs-up, and 19 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MEMC Electronic Materials is hold, with an average price target of $4.71.

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