Commercial real estate firm CBRE (NYSE:CBRE) will be reporting results tomorrow before market open. Here’s what to look for.

CBRE beat analysts’ revenue expectations by 3% last quarter, reporting revenues of $9.04 billion, up 14.8% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and a decent beat of analysts’ Investment Management revenue estimates.

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

This quarter, analysts are expecting CBRE’s revenue to grow 14.8% year on year to $10.28 billion, improving from the 9.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.23 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. CBRE has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.4% on average.

Looking at CBRE’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Zillow delivered year-on-year revenue growth of 16.9%, beating analysts’ expectations by 1.1%, and VF Corp reported revenues up 1.9%, topping estimates by 1.2%. VF Corp traded up 1.4% following the results.

Read our full analysis of Zillow’s results here and VF Corp’s results here.

There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 2.7% on average over the last month. CBRE is up 14.7% during the same time and is heading into earnings with an average analyst price target of $151.64 (compared to the current share price of $143.29).

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