Water and fire protection solutions company Core & Main (NYSE:CNM) will be announcing earnings results tomorrow before market hours. Here’s what investors should know.

Core & Main beat analysts’ revenue expectations by 2.9% last quarter, reporting revenues of $2.04 billion, up 11.5% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ organic revenue estimates.

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

This quarter, analysts are expecting Core & Main’s revenue to grow 15.9% year on year to $1.67 billion, improving from the 4.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.36 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. Core & Main has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Core & Main’s peers in the infrastructure distributors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. DistributionNOW delivered year-on-year revenue growth of 2.9%, beating analysts’ expectations by 3.4%, and Watsco reported revenues up 9.4%, topping estimates by 5.3%. DistributionNOW traded up 21.5% following the results while Watsco was also up 5.4%.

Read our full analysis of DistributionNOW’s results here and Watsco’s results here.

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