Leasing services company GATX (NYSE:GATX) will be announcing earnings results tomorrow morning. Here’s what to look for.

GATX beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $413.5 million, up 12.2% year on year. It was a strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations.

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

This quarter, analysts are expecting GATX’s revenue to grow 9.8% year on year to $417.1 million, slowing from the 12.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.09 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. GATX has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2% on average.

Looking at GATX’s peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Richardson Electronics delivered year-on-year revenue growth of 2.7%, missing analysts’ expectations by 1.7%, and Fastenal reported revenues up 3.4%, in line with consensus estimates. Richardson Electronics traded down 17.2% following the results while Fastenal was up 7.3%.

Read our full analysis of Richardson Electronics’s results here and Fastenal’s results here.

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