Water management manufacturer Watts Water (NYSE:WTS) will be reporting results tomorrow after the bell. Here’s what to look for.

Watts Water Technologies met analysts’ revenue expectations last quarter, reporting revenues of $543.6 million, up 7.8% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ adjusted operating income estimates.

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

This quarter, analysts are expecting Watts Water Technologies’s revenue to decline 1.8% year on year to $537.4 million, a reversal from the 9.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.91 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. Watts Water Technologies has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Watts Water Technologies’s peers in the industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Mueller Water Products delivered year-on-year revenue growth of 18.7%, beating analysts’ expectations by 5.4%, and Xylem reported revenues up 6.5%, topping estimates by 3.4%. Mueller Water Products traded up 16.6% following the results while Xylem was also up 5.8%.

Read our full analysis of Mueller Water Products’s results here and Xylem’s results here.

There has been positive sentiment among investors in the industrial machinery segment, with share prices up 2% on average over the last month. Watts Water Technologies is up 2.9% during the same time and is heading into earnings with an average analyst price target of $205 (compared to the current share price of $205.05).

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