Footwear retailer Shoe Carnival (NASDAQ:SCVL) will be announcing earnings results tomorrow before market open. Here’s what to expect.

Shoe Carnival missed analysts’ revenue expectations by 4.4% last quarter, reporting revenues of $306.9 million, down 4.1% year on year. It was a slower quarter for the company, with a slight miss of analysts’ gross margin and EBITDA estimates.

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

This quarter, analysts are expecting Shoe Carnival’s revenue to decline 3.5% year on year to $270.2 million, in line with the 3.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.44 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. Shoe Carnival has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Shoe Carnival’s peers in the apparel and footwear retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Foot Locker’s revenues decreased 5.7% year on year, missing analysts’ expectations by 3.2%, and Gap reported a revenue decline of 3.5%, topping estimates by 1.9%. Foot Locker traded up 2.6% following the results while Gap was also up 18.6%.

Read our full analysis of Foot Locker’s results here and Gap’s results here.

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