Home improvement retailer Lowe’s (NYSE: LOW) will be reporting results tomorrow morning. Here’s what you need to know.

Lowe's beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $18.55 billion, flat year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EPS estimates but full-year EPS guidance missing analysts’ expectations.

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

This quarter, analysts are expecting Lowe’s revenue to decline 2% year on year to $20.93 billion, improving from the 4.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.88 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. Lowe's has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Lowe’s peers in the home furnishing and improvement retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Floor And Decor delivered year-on-year revenue growth of 5.8%, meeting analysts’ expectations, and Arhaus reported revenues up 5.5%, falling short of estimates by 0.8%. Floor And Decor traded up 2.3% following the results while Arhaus was down 4.9%.

Read our full analysis of Floor And Decor’s results here and Arhaus’s results here.

There has been positive sentiment among investors in the home furnishing and improvement retail segment, with share prices up 19.8% on average over the last month. Lowe's is up 10.9% during the same time and is heading into earnings with an average analyst price target of $267.10 (compared to the current share price of $235.95).

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