Television broadcasting and production company AMC Networks (NASDAQ: AMCX) will be announcing earnings results this Friday before market open. Here’s what to look for.

AMC Networks missed analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $555.2 million, down 6.9% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ Affiliate revenue estimates.

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

This quarter, analysts are expecting AMC Networks’s revenue to decline 7% year on year to $582.4 million, in line with the 7.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AMC Networks has missed Wall Street’s revenue estimates five times over the last two years.

Looking at AMC Networks’s peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FOX delivered year-on-year revenue growth of 6.3%, beating analysts’ expectations by 5.5%, and Paramount reported flat revenue, in line with consensus estimates. FOX traded down 5% following the results while Paramount was up 3.5%.

Read our full analysis of FOX’s results here and Paramount’s results here.

Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. AMC Networks is down 2.3% during the same time and is heading into earnings with an average analyst price target of $6.50 (compared to the current share price of $5.92).

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