PPL (NYSE: PPL) 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 PPL's revenues will compress -2.2% and EPS will contract -11.8%.

The average estimate for revenue is $3.05 billion. On the bottom line, the average EPS estimate is $0.67.

Revenue details
Last quarter, PPL chalked up revenue of $2.55 billion. GAAP reported sales were 2.4% higher than the prior-year quarter's $2.49 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, non-GAAP EPS came in at $0.51. GAAP EPS of $0.46 for Q2 were 31% higher than the prior-year quarter's $0.35 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 36.6%, 190 basis points better than the prior-year quarter. Operating margin was 22.6%, 130 basis points better than the prior-year quarter. Net margin was 10.6%, 270 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.64 billion. The average EPS estimate is $2.35.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 407 members out of 418 rating the stock outperform, and 11 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give PPL a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PPL is outperform, with an average price target of $29.57.

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