Industrial products distributor Applied Industrial (NYSE: AIT) will be reporting earnings this Thursday before the bell. Here’s what you need to know.

Applied Industrial met analysts’ revenue expectations last quarter, reporting revenues of $1.17 billion, up 1.8% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but full-year EPS guidance meeting analysts’ expectations.

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

This quarter, analysts are expecting Applied Industrial’s revenue to grow 1.9% year on year to $1.18 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $2.60 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. Applied Industrial has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Applied Industrial’s peers in the engineered components and systems segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Arrow Electronics delivered year-on-year revenue growth of 10%, beating analysts’ expectations by 5.9%, and NN reported a revenue decline of 12.3%, falling short of estimates by 2.6%. Arrow Electronics traded down 11.7% following the results while NN was up 1.4%.

Read our full analysis of Arrow Electronics’s results here and NN’s results here.

There has been positive sentiment among investors in the engineered components and systems segment, with share prices up 3.2% on average over the last month. Applied Industrial is up 5.3% during the same time and is heading into earnings with an average analyst price target of $280.71 (compared to the current share price of $270.68).

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