Food distribution company United Natural Foods (NYSE: UNFI) will be announcing earnings results this Tuesday morning. Here’s what to look for.

United Natural Foods missed analysts’ revenue expectations last quarter, reporting revenues of $7.72 billion, down 4.2% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EBITDA estimates but full-year revenue guidance meeting analysts’ expectations.

Is United Natural Foods 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 United Natural Foods’s revenue to be flat year on year, improving from the 5.6% decrease 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. United Natural Foods has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at United Natural Foods’s peers in the perishable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Freshpet delivered year-on-year revenue growth of 15.5%, beating analysts’ expectations by 4.5%, and Del Monte Corporation reported revenues up 3.1%, falling short of estimates by 6.6%. Freshpet traded up 7% following the results while Del Monte Corporation was also up 2.9%.

Read our full analysis of Freshpet’s results here and Del Monte Corporation’s results here.

Investors in the perishable food segment have had steady hands going into earnings, with share prices flat over the last month. United Natural Foods is down 3.8% during the same time and is heading into earnings with an average analyst price target of $49.38 (compared to the current share price of $43.94).

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