Packaged food company Simply Good Foods (NASDAQ:SMPL) will be announcing earnings results tomorrow before market open. Here’s what you need to know.

Simply Good Foods met analysts’ revenue expectations last quarter, reporting revenues of $334.8 million, up 3.1% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Simply Good Foods’s revenue to grow 16.7% year on year to $374 million, in line with the 16.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.50 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. Simply Good Foods has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Simply Good Foods’s peers in the shelf-stable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Lamb Weston posted flat year-on-year revenue, beating analysts’ expectations by 6.5%, and General Mills reported a revenue decline of 1.2%, in line with consensus estimates. Lamb Weston traded up 2.6% following the results while General Mills’s stock price was unchanged.

Read our full analysis of Lamb Weston’s results here and General Mills’s results here.

Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices flat over the last month. Simply Good Foods is down 5.2% during the same time and is heading into earnings with an average analyst price target of $40 (compared to the current share price of $32.60).

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