Parcel and cargo delivery company FedEx (NYSE: FDX) will be reporting earnings this Thursday after market close. Here’s what to expect.

FedEx beat analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $22.24 billion, up 3.1% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ revenue estimates.

Is FedEx a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting FedEx’s revenue to grow 3.8% year on year to $22.8 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $4.11 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. FedEx has missed Wall Street’s revenue estimates four times over the last two years.

With FedEx being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for transportation and logistics stocks. However, there has been positive investor sentiment in the segment, with share prices up 8.3% on average over the last month. FedEx is up 6.7% during the same time.

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