Meritor (NYSE: MTOR) is expected to report Q3 earnings on July 31. 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 Meritor's revenues will wither -8.0% and EPS will wane -50.0%.

The average estimate for revenue is $1.02 billion. On the bottom line, the average EPS estimate is $0.19.

Revenue details
 Last quarter, Meritor reported revenue of $908.0 million. GAAP reported sales were 22% lower than the prior-year quarter's $1.16 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, non-GAAP EPS came in at $0.06. GAAP EPS were -$0.04 for Q2 compared to $0.21 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 10.5%, 110 basis points worse than the prior-year quarter. Operating margin was 3.2%, 210 basis points worse than the prior-year quarter. Net margin was -0.4%, 210 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.81 billion. The average EPS estimate is $0.31.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 143 members out of 192 rating the stock outperform, and 49 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Meritor 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 Meritor is outperform, with an average price target of $5.94.

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