Athletic apparel company Under Armour (NYSE:UAA) will be reporting earnings tomorrow before market open. Here’s what investors should know.

Under Armour beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $1.40 billion, down 10.7% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Under Armour’s revenue to decline 9.8% year on year to $1.34 billion, a further deceleration from the 6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 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. Under Armour has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Under Armour’s peers in the apparel and accessories segment, some have already reported their Q4 results, giving us a hint as to what we can expect. VF Corp delivered year-on-year revenue growth of 1.9%, beating analysts’ expectations by 1.2%, and Columbia Sportswear reported revenues up 3.5%, topping estimates by 1.4%. VF Corp traded up 1.4% following the results.

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

There has been positive sentiment among investors in the apparel and accessories segment, with share prices up 2.5% on average over the last month. Under Armour is down 3% during the same time and is heading into earnings with an average analyst price target of $10.84 (compared to the current share price of $8.28).

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