Aerospace and defense company Boeing (NYSE: BA) will be announcing earnings results tomorrow morning. Here’s what investors should know.

Boeing missed analysts’ revenue expectations by 6.4% last quarter, reporting revenues of $15.24 billion, down 30.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates.

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

This quarter, analysts are expecting Boeing’s revenue to grow 18.4% year on year to $19.62 billion, a reversal from the 7.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.28 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. Boeing has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Boeing’s peers in the aerospace and defense segment, some have already reported their Q1 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 19.5%, missing analysts’ expectations by 2.8%, and Hexcel reported a revenue decline of 3.3%, falling short of estimates by 3.4%. AAR traded down 16.3% following the results.

Read our full analysis of AAR’s results here and Hexcel’s results here.

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