TransGlobe Energy (Nasdaq: TGA) 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 TransGlobe Energy's revenues will grow 10.5% and EPS will wane -2.9%.

The average estimate for revenue is $79.5 million. On the bottom line, the average EPS estimate is $0.34.

Revenue details
 Last quarter, TransGlobe Energy tallied revenue of $73.8 million. GAAP reported sales were 18% higher than the prior-year quarter's $62.5 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, non-GAAP EPS came in at $0.21. GAAP EPS of $0.25 for Q2 were 14% lower than the prior-year quarter's $0.29 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 84.5%, 100 basis points worse than the prior-year quarter. Operating margin was 59.3%, 470 basis points worse than the prior-year quarter. Net margin was 40.9%, 590 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $318.1 million. The average EPS estimate is $1.34.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 504 members out of 527 rating the stock outperform, and 23 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 105 give TransGlobe Energy a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TransGlobe Energy is outperform, with an average price target of $14.75.

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