Air quality and fluid handling company CECO (NASDAQ:CECO) will be announcing earnings results tomorrow before market hours. Here’s what to expect.

CECO missed analysts’ revenue expectations by 4% last quarter, reporting revenues of $137.5 million, up 6.5% year on year. It was a slower quarter for the company, with a miss of analysts’ revenue and EPS estimates.

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

This quarter, analysts are expecting CECO’s revenue to grow 4.4% year on year to $155.9 million, slowing from the 37.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 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. CECO has missed Wall Street’s revenue estimates twice over the last two years.

Looking at CECO’s peers in the industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Graco’s revenues decreased 3.8% year on year, missing analysts’ expectations by 3.4%, and Snap-on reported flat revenue, topping estimates by 7.8%. Graco’s stock price was unchanged after the results, while Snap-on was up 9.4%.

Read our full analysis of Graco’s results here and Snap-on’s results here.

Investors in the industrial machinery segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. CECO is down 4.6% during the same time and is heading into earnings with an average analyst price target of $34.83 (compared to the current share price of $26.90).

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