Fast-food chain McDonald’s (NYSE:MCD) will be announcing earnings results tomorrow before market hours. Here's what you need to know.

McDonald's met analysts' revenue expectations last quarter, reporting revenues of $6.17 billion, up 4.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts' gross margin estimates.

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

This quarter, analysts are expecting McDonald's revenue to grow 2% year on year to $6.63 billion, slowing from the 13.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.07 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. McDonald's has missed Wall Street's revenue estimates twice over the last two years.

Looking at McDonald's peers in the restaurants segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Domino's delivered year-on-year revenue growth of 7.1%, meeting analysts' expectations, and BJ's reported flat revenue, in line with consensus estimates. Domino's traded down 14.6% following the results while BJ's was also down 15.4%.

Read our full analysis of Domino's results here and BJ's results here.

Investors in the restaurants segment have had steady hands going into earnings, with share prices flat over the last month. McDonald's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $301.8 (compared to the current share price of $251.18).

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