Smart Balance (Nasdaq: SMBL) 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 Smart Balance's revenues will grow 40.4% and EPS will wither -33.3%.

The average estimate for revenue is $100.6 million. On the bottom line, the average EPS estimate is $0.04.

Revenue details
Last quarter, Smart Balance tallied revenue of $76.0 million. GAAP reported sales were 29% higher than the prior-year quarter's $59.0 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 $0.05. GAAP EPS of $0.01 for Q2 were 83% lower than the prior-year quarter's $0.06 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 42.1%, 560 basis points worse than the prior-year quarter. Operating margin was 7.9%, 470 basis points worse than the prior-year quarter. Net margin was 0.6%, 500 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $368.1 million. The average EPS estimate is $0.21.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 257 members out of 276 rating the stock outperform, and 19 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Smart Balance a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Smart Balance is outperform, with an average price target of $8.39.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.