Resource management provider Itron (NASDAQ:ITRI) will be reporting earnings tomorrow before market open. Here’s what to look for.

Itron beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $609.1 million, up 12.6% year on year. It was a very strong quarter for the company, with optimistic earnings guidance for the next quarter and an impressive beat of analysts’ earnings estimates.

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

This quarter, analysts are expecting Itron’s revenue to grow 6.4% year on year to $596.4 million, slowing from the 33.2% 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. Itron has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.6% on average.

Looking at Itron’s peers in the inspection instruments segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Teledyne delivered year-on-year revenue growth of 2.9%, beating analysts’ expectations by 1.9%, and Badger Meter reported revenues up 11.9%, falling short of estimates by 1.8%. Teledyne traded up 6.8% following the results while Badger Meter was down 5.4%.

Read our full analysis of Teledyne’s results here and Badger Meter’s results here.

Investors in the inspection instruments segment have had steady hands going into earnings, with share prices flat over the last month. Itron’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $122.31 (compared to the current share price of $104.35).

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