Flowers Foods (NYSE: FLO) is expected to report Q3 earnings around Nov. 9. 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 Flowers Foods's revenues will increase 7.0% and EPS will grow 8.7%.

The average estimate for revenue is $722.4 million. On the bottom line, the average EPS estimate is $0.25.

Revenue details
Last quarter, Flowers Foods logged revenue of $681.6 million. GAAP reported sales were 6.1% higher than the prior-year quarter's $642.6 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 $0.22. GAAP EPS of $0.21 were the same as 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 46.3%, 50 basis points worse than the prior-year quarter. Operating margin was 7.3%, 10 basis points worse than the prior-year quarter. Net margin was 4.2%, 20 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.01 billion. The average EPS estimate is $0.99.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 349 members out of 358 rating the stock outperform, and nine members rating it underperform. Among 109 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Flowers Foods a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flowers Foods is outperform, with an average price target of $22.57.

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