Engineered components manufacturer for critical industries ITT Inc. (NYSE: ITT) will be reporting results tomorrow before the bell. Here’s what investors should know.

ITT missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $905.9 million, up 8.6% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ organic revenue estimates but underwhelming earnings guidance for the full year.

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

This quarter, analysts are expecting ITT’s revenue to grow 7.5% year on year to $883.9 million, slowing from the 9.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.43 per share.

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 6 upward revisions over the last 30 days (we track 11 analysts). ITT has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.8% on average.

Looking at ITT’s peers in the industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Graco’s revenues decreased 3.8% year on year, missing analysts’ expectations by 3.4%, and Snap-on reported flat revenue, topping estimates by 7.8%. Graco’s stock price was unchanged after the results, while Snap-on was up 9.4%.

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

Investors in the industrial machinery segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. ITT is down 3.8% during the same time and is heading into earnings with an average analyst price target of $162.30 (compared to the current share price of $143.78).

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