Cross border payment processor Flywire (NASDAQ: FLYW) will be announcing earnings results tomorrow after market hours. Here’s what investors should know.

Flywire met analysts’ revenue expectations last quarter, reporting revenues of $99.9 million, up 17.7% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a decline in its gross margin.

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

This quarter, analysts are expecting Flywire’s revenue to grow 18.7% year on year to $146.4 million, slowing from the 29.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.28 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. Flywire has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 7.8% on average.

Looking at Flywire’s peers in the finance and HR software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Marqeta delivered year-on-year revenue growth of 17.5%, meeting analysts’ expectations, and Paylocity reported revenues up 14.3%, topping estimates by 1.9%. Marqeta traded down 42.9% following the results while Paylocity was up 3.3%.

Read our full analysis of Marqeta’s results here and Paylocity’s results here.

There has been positive sentiment among investors in the finance and HR software segment, with share prices up 7% on average over the last month. Flywire is up 3.6% during the same time and is heading into earnings with an average analyst price target of $22.82 (compared to the current share price of $17.08).

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