Security and aerospace company Northrop Grumman (NYSE:NOC) will be reporting results tomorrow before market hours. Here’s what investors should know.

Northrop Grumman missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $10.00 billion, up 2.3% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but a miss of analysts’ organic revenue estimates.

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

This quarter, analysts are expecting Northrop Grumman’s revenue to grow 3.2% year on year to $10.98 billion, slowing from the 6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.35 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. Northrop Grumman has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Northrop Grumman’s peers in the defense contractors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. CACI delivered year-on-year revenue growth of 14.5%, beating analysts’ expectations by 3.4%, and RTX reported revenues up 8.5%, topping estimates by 5.8%. CACI traded down 9.3% following the results.

Read our full analysis of CACI’s results here and RTX’s results here.

There has been positive sentiment among investors in the defense contractors segment, with share prices up 3.5% on average over the last month. Northrop Grumman is up 3.7% during the same time and is heading into earnings with an average analyst price target of $550.52 (compared to the current share price of $486.64).

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