Oilfield services company Patterson-UTI (NASDAQ: PTEN) will be reporting earnings this Wednesday after market hours. Here’s what investors should know.

Patterson-UTI beat analysts’ revenue expectations last quarter, reporting revenues of $1.15 billion, flat year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Is Patterson-UTI 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 Patterson-UTI’s revenue to decline 13.8% year on year, improving from the 15.2% decrease it recorded in the same quarter last year.

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing in majority upward revisions over the last 30 days. Patterson-UTI has missed Wall Street’s revenue estimates multiple times over the last two years.

With Patterson-UTI being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for upstream & integrated stocks. However, the whole sector has been hit hard over the last month as stocks in Patterson-UTI’s peer group are down 3.6% on average. Patterson-UTI is down 8.9% during the same time .

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