Leap Wireless International (Nasdaq: LEAP) 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 Leap Wireless International's revenues will grow 1.5% and EPS will remain in the red.

The average estimate for revenue is $774.6 million. On the bottom line, the average EPS estimate is -$0.74.

Revenue details
 Last quarter, Leap Wireless International reported revenue of $786.8 million. GAAP reported sales were 3.4% higher than the prior-year quarter's $760.5 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 -$0.54. GAAP EPS were -$0.54 for Q2 compared to -$0.85 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 45.6%, 180 basis points better than the prior-year quarter. Operating margin was 4.1%, 180 basis points better than the prior-year quarter. Net margin was -5.3%, 330 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.17 billion. The average EPS estimate is -$3.72.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 182 members out of 232 rating the stock outperform, and 50 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Leap Wireless International a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Leap Wireless International is hold, with an average price target of $7.93.