Water infrastructure products manufacturer Mueller Water Products will be reporting earnings tomorrow after the bell. Here’s what you need to know.

Mueller Water Products beat analysts’ revenue expectations by 6.6% last quarter, reporting revenues of $348.2 million, up 15.5% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Mueller Water Products’s revenue to grow 12.6% year on year to $288.7 million, a reversal from the 18.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 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. Mueller Water Products has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Mueller Water Products’s peers in the industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 4.5%, beating analysts’ expectations by 3.9%, and Crane reported revenues up 12.3%, topping estimates by 1.2%. GE Aerospace traded up 4.5% following the results while Crane was also up 12.3%.

Read our full analysis of GE Aerospace’s results here and Crane’s results here.

Investors in the industrial machinery segment have had steady hands going into earnings, with share prices flat over the last month. Mueller Water Products is up 2% during the same time and is heading into earnings with an average analyst price target of $26.33 (compared to the current share price of $22.80).

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