Broadcasting and digital media company TEGNA (NYSE:TGNA) will be reporting earnings tomorrow before market hours. Here’s what investors should know.

TEGNA met analysts’ revenue expectations last quarter, reporting revenues of $710.4 million, down 2.9% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ earnings estimates but a miss of analysts’ Subscription revenue estimates.

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

This quarter, analysts are expecting TEGNA’s revenue to grow 11.6% year on year to $795.7 million, a reversal from the 11.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.88 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.

Looking at TEGNA’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FOX delivered year-on-year revenue growth of 11.1%, beating analysts’ expectations by 5.7%, and E.W. Scripps reported revenues up 14.1%, topping estimates by 2.7%. FOX traded up 4.1% following the results while E.W. Scripps was down 35.1%.

Read our full analysis of FOX’s results here and E.W. Scripps’s results here.

There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 3.3% on average over the last month. TEGNA is up 5.3% during the same time and is heading into earnings with an average analyst price target of $18.10 (compared to the current share price of $16.06).

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