Vocational education company Adtalem Global Education (NYSE:ATGE) will be reporting earnings tomorrow after market close. Here’s what investors should know.

Adtalem beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $409.9 million, up 12.4% year on year. It was a strong quarter for the company, with a decent beat of analysts’ operating margin estimates and full-year revenue guidance beating analysts’ expectations.

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

This quarter, analysts are expecting Adtalem’s revenue to grow 7.8% year on year to $397.5 million, improving from the 4.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.13 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. Adtalem has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.2% on average.

Looking at Adtalem’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike’s revenues decreased 10.4% year on year, meeting analysts’ expectations, and CBRE reported revenues up 14.8%, topping estimates by 2.7%. Nike traded down 6.8% following the results while CBRE was up 7.7%.

Read our full analysis of Nike’s results here and CBRE’s results here.

Growth stocks have seen elevated volatility as investors debate the Fed’s monetary policy, and while some of the consumer discretionary stocks have fared somewhat better, they have not been spared, with share prices down 2% on average over the last month. Adtalem is down 4.5% during the same time and is heading into earnings with an average analyst price target of $87 (compared to the current share price of $72.09).

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