Universal Display (Nasdaq: PANL) 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 Universal Display's revenues will drop -11.8% and EPS will compress -41.7%.

The average estimate for revenue is $19.2 million. On the bottom line, the average EPS estimate is $0.07.

Revenue details
Last quarter, Universal Display chalked up revenue of $30.0 million. GAAP reported sales were much higher than the prior-year quarter's $11.3 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 $0.23. GAAP EPS were $0.23 for Q2 against -$0.03 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 60.4%, 3,000 basis points better than the prior-year quarter. Operating margin was 43.1%, 5,260 basis points better than the prior-year quarter. Net margin was 36.6%, 720 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $99.8 million. The average EPS estimate is $0.66.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,213 members out of 1,285 rating the stock outperform, and 72 members rating it underperform. Among 300 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 276 give Universal Display a green thumbs-up, and 24 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Display is outperform, with an average price target of $46.50.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere