Department store chain Kohl’s (NYSE:KSS) will be announcing earnings results tomorrow before market hours. Here’s what you need to know.

Kohl's beat analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $3.73 billion, down 4.2% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ earnings estimates.

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

This quarter, analysts are expecting Kohl’s revenue to decline 8.5% year on year to $3.71 billion, a further deceleration from the 5.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.28 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. Kohl's has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.1% on average.

Looking at Kohl’s peers in the general merchandise retail segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Dillard’s revenues decreased 3.5% year on year, beating analysts’ expectations by 1.2%, and Ross Stores reported revenues up 3%, falling short of estimates by 1.5%. Dillard's traded up 9.9% following the results while Ross Stores was also up 2.2%.

Read our full analysis of Dillard’s results here and Ross Stores’s results here.

There has been positive sentiment among investors in the general merchandise retail segment, with share prices up 4.1% on average over the last month. Kohl's is down 10.3% during the same time and is heading into earnings with an average analyst price target of $21.32 (compared to the current share price of $17.09).

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