Global electronics components and solutions distributor Arrow Electronics (NYSE:ARW) will be reporting results tomorrow before market hours. Here’s what investors should know.

Arrow Electronics beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $6.82 billion, down 14.8% year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and EPS guidance for next quarter missing analysts’ expectations significantly.

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

This quarter, analysts are expecting Arrow Electronics’s revenue to decline 10.1% year on year to $7.06 billion, improving from the 15.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.68 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. Arrow Electronics has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Arrow Electronics’s peers in the engineered components and systems segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Applied Industrial posted flat year-on-year revenue, meeting analysts’ expectations, and RBC Bearings reported revenues up 5.5%, in line with consensus estimates. Applied Industrial traded up 4.9% following the results while RBC Bearings was also up 13.9%.

Read our full analysis of Applied Industrial’s results here and RBC Bearings’s results here.

Investors in the engineered components and systems segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. Arrow Electronics is up 1.1% during the same time and is heading into earnings with an average analyst price target of $128.18 (compared to the current share price of $114.69).

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