Breakfast restaurant chain First Watch Restaurant Group (NASDAQ: FWRG) will be reporting results tomorrow before market hours. Here’s what investors should know.

First Watch met analysts’ revenue expectations last quarter, reporting revenues of $263.3 million, up 7.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting First Watch’s revenue to grow 16.9% year on year to $283.5 million, improving from the 14.7% 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. First Watch has missed Wall Street’s revenue estimates five times over the last two years.

Looking at First Watch’s peers in the sit-down dining segment, some have already reported their Q1 results, giving us a hint as to what we can expect. BJ's delivered year-on-year revenue growth of 3.2%, meeting analysts’ expectations, and Brinker International reported revenues up 27.2%, topping estimates by 2.6%. BJ's traded up 13.4% following the results while Brinker International was down 16.4%.

Read our full analysis of BJ’s results here and Brinker International’s results here.

There has been positive sentiment among investors in the sit-down dining segment, with share prices up 9.2% on average over the last month. First Watch is up 15.2% during the same time and is heading into earnings with an average analyst price target of $23.82 (compared to the current share price of $18.60).

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