Plant-based protein company Beyond Meat (NASDAQ:BYND) will be announcing earnings results tomorrow after market hours. Here’s what to expect.

Beyond Meat beat analysts’ revenue expectations by 5.4% last quarter, reporting revenues of $93.19 million, down 8.8% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ gross margin estimates and full-year revenue guidance exceeding analysts’ expectations.

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

This quarter, analysts are expecting Beyond Meat’s revenue to grow 6.5% year on year to $80.19 million, a reversal from the 8.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.47 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. Beyond Meat has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Beyond Meat’s peers in the perishable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Fresh Del Monte Produce delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 3%, and Pilgrim's Pride reported revenues up 5.2%, falling short of estimates by 2.2%. Fresh Del Monte Produce’s stock price was unchanged after the results, and Pilgrim's Pride’s price followed a similar reaction.

Read our full analysis of Fresh Del Monte Produce’s results here and Pilgrim's Pride’s results here.

Investors in the perishable food segment have had steady hands going into earnings, with share prices flat over the last month. Beyond Meat is down 2.2% during the same time and is heading into earnings with an average analyst price target of $5.38 (compared to the current share price of $6.10).

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