Plant-based protein company Beyond Meat (NASDAQ: BYND) will be announcing earnings results tomorrow after the bell. Here’s what to expect.

Beyond Meat beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $76.66 million, up 4% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates.

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

This quarter, analysts are expecting Beyond Meat’s revenue to be flat year on year at $74.92 million, improving from the 18% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.47 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. Beyond Meat has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Beyond Meat’s peers in the perishable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Tyson Foods posted flat year-on-year revenue, missing analysts’ expectations by 0.7%, and Freshpet reported revenues up 17.6%, topping estimates by 1.4%.

Read our full analysis of Tyson Foods’s results here and Freshpet’s results here.

There has been positive sentiment among investors in the perishable food segment, with share prices up 2.1% on average over the last month. Beyond Meat is down 10.7% during the same time and is heading into earnings with an average analyst price target of $3.52 (compared to the current share price of $2.59).

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