Professional tools and equipment manufacturer Snap-on (NYSE: SNA) will be announcing earnings results this Thursday before market open. Here’s what to look for.

Snap-on missed analysts’ revenue expectations by 4.1% last quarter, reporting revenues of $1.24 billion, down 3% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Snap-on’s revenue to decline 2% year on year to $1.25 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $4.63 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. Snap-on has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Snap-on’s peers in the industrial machinery segment, only Worthington has reported results so far. It beat analysts’ revenue estimates by 5.6% and delivered flat year-on-year revenue. The stock traded up 1.8% on the results.

There has been positive sentiment among investors in the industrial machinery segment, with share prices up 4.9% on average over the last month. Snap-on’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $322.39 (compared to the current share price of $313.07).

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