Footwear conglomerate Wolverine Worldwide (NYSE:WWW) will be reporting earnings tomorrow before market hours. Here’s what to expect.

Wolverine Worldwide beat analysts’ revenue expectations by 4.4% last quarter, reporting revenues of $440.1 million, down 7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

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

This quarter, analysts are expecting Wolverine Worldwide’s revenue to grow 1.2% year on year to $486.5 million, a reversal from the 24.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.42 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. Wolverine Worldwide has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Wolverine Worldwide’s peers in the footwear segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Deckers delivered year-on-year revenue growth of 17.1%, beating analysts’ expectations by 5.5%, and Crocs reported revenues up 3.1%, topping estimates by 2.8%. Deckers traded down 20.3% following the results while Crocs was up 22.1%.

Read our full analysis of Deckers’s results here and Crocs’s results here.

Investors in the footwear segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Wolverine Worldwide is down 18.7% during the same time and is heading into earnings with an average analyst price target of $25.33 (compared to the current share price of $18.60).

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