Industrial conglomerate Honeywell (NASDAQ:HON) will be announcing earnings results tomorrow morning. Here’s what investors should know.

Honeywell missed analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $9.73 billion, up 5.6% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a miss of analysts’ organic revenue estimates.

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

This quarter, analysts are expecting Honeywell’s revenue to grow 4.2% year on year to $9.84 billion, improving from the 2.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.32 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. Honeywell has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Honeywell’s peers in the general industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 4.5%, beating analysts’ expectations by 3.9%, and Crane reported revenues up 12.3%, topping estimates by 1.2%. GE Aerospace traded up 4.5% following the results while Crane was also up 12.3%.

Read our full analysis of GE Aerospace’s results here and Crane’s results here.

Investors in the general industrial machinery segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. Honeywell is up 1.3% during the same time and is heading into earnings with an average analyst price target of $244.72 (compared to the current share price of $223.54).

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