Water management company Northwest Pipe (NASDAQ:NWPX) will be reporting results tomorrow afternoon. Here’s what to look for.

Northwest Pipe beat analysts’ revenue expectations by 8.7% last quarter, reporting revenues of $129.5 million, up 11.3% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.

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

This quarter, analysts are expecting Northwest Pipe’s revenue to grow 7.1% year on year to $127.2 million, a reversal from the 3.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.85 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. Northwest Pipe has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Northwest Pipe’s peers in the hvac and water systems segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Lennox delivered year-on-year revenue growth of 9.6%, beating analysts’ expectations by 5.9%, and A. O. Smith reported a revenue decline of 3.7%, in line with consensus estimates. Lennox traded up 4.3% following the results while A. O. Smith was down 1.7%.

Read our full analysis of Lennox’s results here and A. O. Smith’s results here.

Investors in the hvac and water systems segment have had steady hands going into earnings, with share prices flat over the last month. Northwest Pipe’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $48.67 (compared to the current share price of $44.84).

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