Telecom software provider Amdocs (NASDAQ: DOX) will be reporting earnings tomorrow afternoon. Here’s what to look for.

Amdocs met analysts’ revenue expectations last quarter, reporting revenues of $1.11 billion, down 10.9% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ backlog estimates.

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

This quarter, analysts are expecting Amdocs’s revenue to decline 9.8% year on year to $1.12 billion, a reversal from the 1.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.70 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. Amdocs has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Amdocs’s peers in the it services & other tech segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Applied Digital delivered year-on-year revenue growth of 22.1%, missing analysts’ expectations by 17.9%, and Grid Dynamics reported revenues up 25.8%, topping estimates by 2%. Applied Digital traded down 36% following the results while Grid Dynamics was also down 3.1%.

Read our full analysis of Applied Digital’s results here and Grid Dynamics’s results here.

There has been positive sentiment among investors in the it services & other tech segment, with share prices up 11.2% on average over the last month. Amdocs is up 9.6% during the same time and is heading into earnings with an average analyst price target of $101.61 (compared to the current share price of $90).

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