Real estate brokerage and services firm Marcus & Millichap (NYSE: MMI) will be reporting results tomorrow before market hours. Here’s what to look for.

Marcus & Millichap beat analysts’ revenue expectations by 20.2% last quarter, reporting revenues of $240.1 million, up 44.4% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Marcus & Millichap’s revenue to grow 8.6% year on year to $140.2 million, a reversal from the 16.6% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.16 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. Marcus & Millichap has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Marcus & Millichap’s peers in the real estate services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Cushman & Wakefield delivered year-on-year revenue growth of 4.6%, beating analysts’ expectations by 2.5%, and Newmark reported revenues up 21.8%, topping estimates by 8.9%. Cushman & Wakefield traded up 4.2% following the results while Newmark was down 2.5%.

Read our full analysis of Cushman & Wakefield’s results here and Newmark’s results here.

There has been positive sentiment among investors in the real estate services segment, with share prices up 7.7% on average over the last month. Marcus & Millichap’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $30 (compared to the current share price of $30.35).

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