Pool products retailer Leslie’s (NASDAQ:LESL) will be reporting earnings tomorrow after market hours. Here’s what to expect.

Leslie's missed analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $397.9 million, down 8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA and gross margin estimates.

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

This quarter, analysts are expecting Leslie’s revenue to be flat year on year at $173.6 million, improving from the 10.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.21 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. Leslie's has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Leslie’s peers in the consumer retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Tractor Supply delivered year-on-year revenue growth of 3.1%, meeting analysts’ expectations, and Walgreens reported revenues up 7.5%, topping estimates by 5.7%. Tractor Supply traded down 4.6% following the results while Walgreens was up 29.2%.

Read our full analysis of Tractor Supply’s results here and Walgreens’s results here.

Investors in the consumer retail segment have had steady hands going into earnings, with share prices flat over the last month. Leslie's is up 1.8% during the same time and is heading into earnings with an average analyst price target of $3.17 (compared to the current share price of $2.24).

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