Global electronics components and solutions distributor Arrow Electronics (NYSE: ARW) will be announcing earnings results this Thursday after the bell. Here’s what investors should know.

Arrow Electronics beat analysts’ revenue expectations by 5.9% last quarter, reporting revenues of $7.58 billion, up 10% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ revenue estimates and an impressive beat of analysts’ ECS revenue estimates.

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

This quarter, analysts are expecting Arrow Electronics’s revenue to grow 12.2% year on year to $7.66 billion, a reversal from the 14.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.29 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. Arrow Electronics has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Arrow Electronics’s peers in the industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Applied Industrial delivered year-on-year revenue growth of 9.2%, beating analysts’ expectations by 1.1%, and Worthington reported revenues up 18%, topping estimates by 1.4%. Worthington traded down 11.6% following the results.

Read our full analysis of Applied Industrial’s results here and Worthington’s results here.

There has been positive sentiment among investors in the industrial machinery segment, with share prices up 3.1% on average over the last month. Arrow Electronics is down 1.9% during the same time and is heading into earnings with an average analyst price target of $116.75 (compared to the current share price of $118.27).

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