Manufacturing company IDEX (NYSE:IEX) will be reporting earnings tomorrow after market hours. Here’s what to expect.

IDEX beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $798.2 million, flat year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but a slight miss of analysts’ organic revenue estimates.

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

This quarter, analysts are expecting IDEX’s revenue to grow 10% year on year to $868.1 million, a reversal from the 2.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.03 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. IDEX has missed Wall Street’s revenue estimates six times over the last two years.

Looking at IDEX’s peers in the gas and liquid handling segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Standex delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 0.5%, and Parker-Hannifin reported a revenue decline of 1.6%, falling short of estimates by 1.1%. Standex traded down 2.2% following the results while Parker-Hannifin was up 6.3%.

Read our full analysis of Standex’s results here and Parker-Hannifin’s results here.

Investors in the gas and liquid handling segment have had steady hands going into earnings, with share prices flat over the last month. IDEX is up 7.2% during the same time and is heading into earnings with an average analyst price target of $235.38 (compared to the current share price of $224.31).

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