Electronic component manufacturer Belden (NYSE:BDC) will be reporting results tomorrow before market hours. Here’s what to look for.

Belden beat analysts’ revenue expectations by 5.3% last quarter, reporting revenues of $604.3 million, down 12.7% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ operating margin estimates.

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

This quarter, analysts are expecting Belden’s revenue to grow 2.7% year on year to $643.7 million, a reversal from the 6.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.61 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Belden has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.4% on average.

Looking at Belden’s peers in the electronic components segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vicor’s revenues decreased 13.6% year on year, beating analysts’ expectations by 9.3%, and Littelfuse reported a revenue decline of 6.5%, topping estimates by 1.7%. Vicor traded up 13.9% following the results.

Read our full analysis of Vicor’s results here and Littelfuse’s results here.

Investors in the electronic components segment have had steady hands going into earnings, with share prices flat over the last month. Belden is up 2.5% during the same time and is heading into earnings with an average analyst price target of $120.60 (compared to the current share price of $118.97).

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