Electronic measurement provider Keysight (NYSE:KEYS) will be reporting results tomorrow after the bell. Here’s what to look for.

Keysight beat analysts’ revenue expectations by 2.2% last quarter, reporting revenues of $1.29 billion, down 1.8% year on year. It was a very strong quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations.

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

This quarter, analysts are expecting Keysight’s revenue to grow 1.4% year on year to $1.28 billion, a reversal from the 8.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.69 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. Keysight has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Keysight’s peers in the inspection instruments segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Teledyne delivered year-on-year revenue growth of 5.4%, beating analysts’ expectations by 3.6%, and Mirion reported revenues up 10.4%, topping estimates by 3.8%. Teledyne traded up 7.2% following the results while Mirion was also up 1.3%.

Read our full analysis of Teledyne’s results here and Mirion’s results here.

Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The US Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the inspection instruments stocks have shown solid performance, the group has generally underperformed, with share prices down 5.8% on average over the last month. Keysight is up 5.3% during the same time and is heading into earnings with an average analyst price target of $180.43 (compared to the current share price of $177.55).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.