Cable news and media network Fox (NASDAQ:FOXA) will be reporting results tomorrow before market hours. Here’s what to look for.

FOX beat analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $3.56 billion, up 11.1% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EPS estimates.

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

This quarter, analysts are expecting FOX’s revenue to grow 14.2% year on year to $4.83 billion, a reversal from the 8.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.64 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. FOX has missed Wall Street’s revenue estimates twice over the last two years.

Looking at FOX’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Malibu Boats’s revenues decreased 5.1% year on year, beating analysts’ expectations by 4.8%, and VF Corp reported revenues up 1.9%, topping estimates by 1.2%. Malibu Boats’s stock price was unchanged after the results, while VF Corp was up 1.4%.

Read our full analysis of Malibu Boats’s results here and VF Corp’s results here.

Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. FOX is down 3.9% during the same time and is heading into earnings with an average analyst price target of $49.61 (compared to the current share price of $50.89).

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