Footwear retailer Shoe Carnival (NASDAQ:SCVL) will be reporting earnings tomorrow before market hours. Here’s what investors should know.

Shoe Carnival missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $332.7 million, up 12.9% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations.

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

This quarter, analysts are expecting Shoe Carnival’s revenue to decline 1.2% year on year to $316.2 million, improving from the 6.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.66 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. Shoe Carnival has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Shoe Carnival’s peers in the apparel and footwear retail segment, only Boot Barn has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 13.7%. The stock was down 19.9% on the results.

Investors in the apparel and footwear retail segment have had steady hands going into earnings, with share prices flat over the last month. Shoe Carnival is down 6.9% during the same time and is heading into earnings with an average analyst price target of $49 (compared to the current share price of $33.67).

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