Online learning platform Udemy (NASDAQ:UDMY) will be reporting results tomorrow after market hours. Here’s what investors should know.

Udemy beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $195.4 million, up 5.8% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but number of monthly active buyers in line with analysts’ estimates. It reported 16,848 active buyers, up 9.6% year on year.

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

This quarter, analysts are expecting Udemy’s revenue to grow 2.7% year on year to $194.7 million, slowing from the 14.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 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. Udemy has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.8% on average.

Looking at Udemy’s peers in the consumer subscription segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 6.1%, beating analysts’ expectations by 1.6%, and Match Group reported flat revenue, in line with consensus estimates. Coursera traded down 19.5% following the results while Match Group was also down 7.8%.

Read our full analysis of Coursera’s results here and Match Group’s results here.

There has been positive sentiment among investors in the consumer subscription segment, with share prices up 9.8% on average over the last month. Udemy is down 8% during the same time and is heading into earnings with an average analyst price target of $10.42 (compared to the current share price of $7.66).

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