Food and beverage company PepsiCo (NASDAQ:PEP) will be reporting results tomorrow before market hours. Here’s what you need to know.

PepsiCo met analysts’ revenue expectations last quarter, reporting revenues of $22.5 billion, flat year on year. It was a slower quarter for the company, with a miss of analysts’ organic revenue growth estimates and underwhelming earnings guidance for the full year.

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

This quarter, analysts are expecting PepsiCo’s revenue to grow 1.4% year on year to $23.78 billion, slowing from the 6.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.29 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 9 downward revisions over the last 30 days. PepsiCo has missed Wall Street’s revenue estimates twice over the last two years.

Looking at PepsiCo’s peers in the consumer staples segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Constellation Brands delivered year-on-year revenue growth of 2.9%, meeting analysts’ expectations, and McCormick reported flat revenue, in line with consensus estimates. Constellation Brands traded down 3.5% following the results while McCormick’s stock price was unchanged.

Read our full analysis of Constellation Brands’s results here and McCormick’s results here.

Investors in the consumer staples segment have had steady hands going into earnings, with share prices flat over the last month. PepsiCo is down 5.7% during the same time and is heading into earnings with an average analyst price target of $182.94 (compared to the current share price of $168.05).

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