Hardware products and merchandising solutions provider Hillman (NASDAQ:HLMN) will be announcing earnings results tomorrow morning. Here’s what investors should know.

Hillman missed analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $379.4 million, flat year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating margin estimates but full-year revenue guidance missing analysts’ expectations.

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

This quarter, analysts are expecting Hillman’s revenue to decline 2.4% year on year to $389.5 million, a reversal from the 5.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 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. Hillman has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Hillman’s peers in the professional tools and equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ESAB’s revenues decreased 1.1% year on year, beating analysts’ expectations by 8.5%, and Snap-on reported flat revenue, topping estimates by 7.8%. ESAB traded up 12.6% following the results while Snap-on was also up 9.4%.

Read our full analysis of ESAB’s results here and Snap-on’s results here.

Investors in the professional tools and equipment segment have had steady hands going into earnings, with share prices flat over the last month. Hillman is up 8.8% during the same time and is heading into earnings with an average analyst price target of $12.19 (compared to the current share price of $10.87).

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