Electronic equipment provider Vontier (NYSE:VNT) will be announcing earnings results tomorrow morning. Here’s what to look for.

Vontier missed analysts’ revenue expectations by 6.7% last quarter, reporting revenues of $696.4 million, down 8.9% year on year. It was a disappointing quarter for the company, with underwhelming earnings guidance for the full year.

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

This quarter, analysts are expecting Vontier’s revenue to decline 4.7% year on year to $729.2 million, a further deceleration from the 2.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.69 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. Vontier has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Vontier’s peers in the electrical equipment 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 OSI Systems reported revenues up 23.2%, topping estimates by 8%. Vicor traded up 13.9% following the results while OSI Systems was down 5.5%.

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

Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. Vontier is up 1.3% during the same time and is heading into earnings with an average analyst price target of $41.20 (compared to the current share price of $33.93).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.