Snack food company Utz Brands (NYSE:UTZ) will be reporting results tomorrow before market hours. Here’s what to look for.

Utz met analysts’ revenue expectations last quarter, reporting revenues of $356.2 million, down 1.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Utz’s revenue to decline 2% year on year to $364.3 million, a reversal from the 2.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 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. Utz has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Utz’s peers in the shelf-stable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Simply Good Foods delivered year-on-year revenue growth of 17.2%, meeting analysts’ expectations, and General Mills reported a revenue decline of 1.2%, in line with consensus estimates. Simply Good Foods traded up 3.8% following the results while General Mills’s stock price was unchanged.

Read our full analysis of Simply Good Foods’s results here and General Mills’s results here.

Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices flat over the last month. Utz is down 8.7% during the same time and is heading into earnings with an average analyst price target of $20.70 (compared to the current share price of $16.45).

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