Railway infrastructure company L.B. Foster (NASDAQ:FSTR) will be announcing earnings results tomorrow before market hours. Here’s what you need to know.

L.B. Foster missed analysts’ revenue expectations by 2% last quarter, reporting revenues of $128.2 million, down 5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.

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

This quarter, analysts are expecting L.B. Foster’s revenue to decline 8% year on year to $114.4 million, a reversal from the 7.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 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. L.B. Foster has missed Wall Street’s revenue estimates twice over the last two years.

Looking at L.B. Foster’s peers in the general industrial machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Luxfer delivered year-on-year revenue growth of 8.5%, beating analysts’ expectations by 11.9%, and Honeywell reported revenues up 7.9%, topping estimates by 2.5%. Luxfer traded up 7.7% following the results while Honeywell was also up 5%.

Read our full analysis of Luxfer’s results here and Honeywell’s results here.

There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 13% on average over the last month. L.B. Foster is up 10.7% during the same time and is heading into earnings with an average analyst price target of $29 (compared to the current share price of $20.59).

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