Footwear company Skechers (NYSE:SKX) will be announcing earnings results tomorrow after market hours. Here’s what investors should know.

Skechers beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $2.35 billion, up 15.9% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ constant currency revenue estimates but a miss of analysts’ adjusted operating income estimates.

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

This quarter, analysts are expecting Skechers’s revenue to grow 13.2% year on year to $2.22 billion, improving from the 4.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.75 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. Skechers has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Skechers’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Deckers delivered year-on-year revenue growth of 17.1%, beating analysts’ expectations by 5.5%, and VF Corp reported revenues up 1.9%, topping estimates by 1.2%. Deckers traded down 20.3% following the results while VF Corp was up 1.4%.

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

There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 2.6% on average over the last month. Skechers is up 5.1% during the same time and is heading into earnings with an average analyst price target of $83.65 (compared to the current share price of $73.90).

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