Water and fire protection solutions company Core & Main (NYSE:CNM) will be reporting results tomorrow before the bell. Here’s what investors should know.

Core & Main beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $1.70 billion, up 17.9% year on year. It was a slower quarter for the company, with a miss of analysts’ EPS estimates and a miss of analysts’ adjusted operating income estimates.

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

This quarter, analysts are expecting Core & Main’s revenue to grow 6% year on year to $1.85 billion, slowing from the 10.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.54 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Core & Main has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Core & Main’s peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. DistributionNOW delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 1.9%, and MRC Global reported a revenue decline of 8.4%, in line with consensus estimates. DistributionNOW traded down 9.1% following the results while MRC Global was also down 6.1%.

Read our full analysis of DistributionNOW’s results here and MRC Global’s results here.

Investors in the industrial distributors segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Core & Main is up 12.8% during the same time and is heading into earnings with an average analyst price target of $60.12 (compared to the current share price of $60.10).

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