Equipment distribution company Alta Equipment Group (NYSE:ALTG) will be announcing earnings results tomorrow after market hours. Here’s what investors should know.

Alta missed analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $488.1 million, up 4.2% year on year. It was a softer quarter for the company, with a miss of analysts’ operating margin and earnings estimates.

Is Alta a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Alta’s revenue to grow 2.9% year on year to $479.9 million, slowing from the 15.1% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.09 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alta has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.6% on average.

Looking at Alta’s peers in the specialty equipment distributors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Richardson Electronics delivered year-on-year revenue growth of 2.2%, beating analysts’ expectations by 8.7%, and Herc reported revenues up 6.3%, topping estimates by 3.6%. Richardson Electronics traded down 2.5% following the results while Herc was up 23.9%.

Read our full analysis of Richardson Electronics’s results here and Herc’s results here.

There has been positive sentiment among investors in the specialty equipment distributors segment, with share prices up 4.8% on average over the last month. Alta is up 26% during the same time and is heading into earnings with an average analyst price target of $15.50 (compared to the current share price of $7.91).

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