Federal Signal (NYSE: FSS) is expected to report Q3 earnings on 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 Federal Signal's revenues will compress -3.7% and EPS will grow 133.3%.

The average estimate for revenue is $187.0 million. On the bottom line, the average EPS estimate is $0.07.

Revenue details
 Last quarter, Federal Signal logged revenue of $204.4 million. GAAP reported sales were 16% higher than the prior-year quarter's $175.6 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 $0.15. GAAP EPS were -$0.27 for Q2 compared to $0.07 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 24.1%, 140 basis points better than the prior-year quarter. Operating margin was 7.7%, 170 basis points better than the prior-year quarter. Net margin was -8.1%, 1,060 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $855.0 million. The average EPS estimate is $0.37.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 65 members out of 77 rating the stock outperform, and 12 members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Federal Signal a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Federal Signal is hold, with an average price target of $5.50.