Aerospace and defense company Cadre (NYSE:CDRE) will be reporting earnings tomorrow after market hours. Here’s what investors should know.

Cadre beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $144.3 million, up 19.2% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Cadre’s revenue to be flat year on year at $126.3 million, slowing from the 12.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 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. Cadre has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 4.3% on average.

Looking at Cadre’s peers in the aerospace and defense segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Byrna delivered year-on-year revenue growth of 194%, meeting analysts’ expectations, and Leidos reported revenues up 6.9%, topping estimates by 3%. Byrna’s stock price was unchanged after the results, and Leidos’s price followed a similar reaction.

Read our full analysis of Byrna’s results here and Leidos’s results here.

Investors in the aerospace and defense segment have had steady hands going into earnings, with share prices flat over the last month. Cadre is down 10.1% during the same time and is heading into earnings with an average analyst price target of $42.50 (compared to the current share price of $34.88).

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