Manufacturing company Leggett & Platt (NYSE:LEG) will be reporting results tomorrow afternoon. Here’s what investors should know.

Leggett & Platt met analysts’ revenue expectations last quarter, reporting revenues of $1.13 billion, down 7.6% year on year. It was a slower quarter for the company, with underwhelming earnings guidance for the full year.

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

This quarter, analysts are expecting Leggett & Platt’s revenue to decline 6.1% year on year to $1.10 billion, improving from the 9.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Leggett & Platt has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Leggett & Platt’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Mohawk Industries’s revenues decreased 1.7% year on year, meeting analysts’ expectations, and Nike reported a revenue decline of 10.4%, in line with consensus estimates. Mohawk Industries traded down 13.7% following the results while Nike was also down 6.8%.

Read our full analysis of Mohawk Industries’s results here and Nike’s results here.

Growth stocks have seen elevated volatility as investors debate the Fed’s monetary policy, and while some of the consumer discretionary stocks have fared somewhat better, they have not been spared, with share prices down 2% on average over the last month. Leggett & Platt is down 10.6% during the same time and is heading into earnings with an average analyst price target of $12.67 (compared to the current share price of $12.18).

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