CBS (NYSE: CBS) 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 CBS's revenues will expand 3.8% and EPS will expand 22.0%.

The average estimate for revenue is $3.49 billion. On the bottom line, the average EPS estimate is $0.61.

Revenue details
 Last quarter, CBS chalked up revenue of $3.48 billion. GAAP reported sales were 3.1% lower than the prior-year quarter's $3.59 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, EPS came in at $0.65. GAAP EPS of $0.65 for Q2 were 12% higher than the prior-year quarter's $0.58 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 46.0%, 260 basis points better than the prior-year quarter. Operating margin was 22.1%, 160 basis points better than the prior-year quarter. Net margin was 12.3%, 130 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $14.95 billion. The average EPS estimate is $2.54.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 322 members out of 398 rating the stock outperform, and 76 members rating it underperform. Among 132 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 119 give CBS a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CBS is outperform, with an average price target of $38.40.