Digital imaging and instrumentation provider Teledyne (NYSE:TDY) will be reporting earnings tomorrow before market hours. Here’s what investors should know.

Teledyne beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $1.44 billion, up 2.9% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Teledyne’s revenue to grow 2% year on year to $1.45 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $5.23 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. Teledyne has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Teledyne’s peers in the electrical equipment segment, only Acuity Brands has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 1.8%. The stock traded up 0.3% on the results.

Read our full analysis of Acuity Brands’s earnings results here.

There has been positive sentiment among investors in the electrical equipment segment, with share prices up 4.7% on average over the last month. Teledyne’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $540.58 (compared to the current share price of $474.55).

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