Customer engagement platform Twilio (NYSE: TWLO) will be reporting earnings this Thursday afternoon. Here’s what investors should know.

Twilio beat analysts’ revenue expectations last quarter, reporting revenues of $1.50 billion, up 22% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ billings estimates.

Is Twilio a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Twilio’s revenue to grow 16.4% year on year, improving from the 14.7% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Twilio has a history of exceeding Wall Street’s expectations.

Looking at Twilio’s peers in the software development segment, only F5 has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 13.3%.

There has been positive sentiment among investors in the software development segment, with share prices up 13.6% on average over the last month. Twilio is down 11.8% during the same time and is heading into earnings with an average analyst price target of $274.44 (compared to the current share price of $253.23).

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