Discount retailer Five Below (NASDAQ:FIVE) will be reporting earnings tomorrow afternoon. Here’s what investors should know.

Five Below beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $830.1 million, up 9.4% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations.

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

This quarter, analysts are expecting Five Below’s revenue to grow 8.8% year on year to $801 million, slowing from the 14.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 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. Five Below has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Five Below’s peers in the discount retailer segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ross Stores delivered year-on-year revenue growth of 3%, missing analysts’ expectations by 1.5%, and TJX reported revenues up 6%, topping estimates by 0.8%. Ross Stores traded up 2.2% following the results while TJX’s stock price was unchanged.

Read our full analysis of Ross Stores’s results here and TJX’s results here.

There has been positive sentiment among investors in the discount retailer segment, with share prices up 9.9% on average over the last month. Five Below is up 4.6% during the same time and is heading into earnings with an average analyst price target of $99.95 (compared to the current share price of $99.40).

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