Chicken producer Pilgrim’s Pride (NASDAQ:PPC) will be announcing earnings results tomorrow afternoon. Here’s what you need to know.

Pilgrim's Pride missed analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $4.56 billion, up 5.8% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ gross margin and EBITDA estimates.

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

This quarter, analysts are expecting Pilgrim's Pride’s revenue to grow 7.5% year on year to $4.69 billion, a reversal from the 2.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.38 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. Pilgrim's Pride has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Pilgrim's Pride’s peers in the consumer staples segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Cal-Maine delivered year-on-year revenue growth of 71.1%, beating analysts’ expectations by 11.5%, and Coca-Cola reported flat revenue, topping estimates by 2.9%. Cal-Maine traded down 1.9% following the results while Coca-Cola was also down 3.1%.

Read our full analysis of Cal-Maine’s results here and Coca-Cola’s results here.

Investors in the consumer staples segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Pilgrim's Pride is up 3.7% during the same time and is heading into earnings with an average analyst price target of $42.50 (compared to the current share price of $47.75).

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