Bedding and comfort retailer Purple (NASDAQ:PRPL) will be announcing earnings results tomorrow after market hours. Here's what you need to know.

Purple missed analysts' revenue expectations by 1.7% last quarter, reporting revenues of $120 million, up 12.5% year on year. It was a weak quarter for the company, with a miss of analysts' earnings and Wholesale revenue estimates.

Is Purple a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Purple's revenue to grow 8.9% year on year to $128.3 million, a reversal from the 18% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.11 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. Purple has missed Wall Street's revenue estimates four times over the last two years.

Looking at Purple's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Mohawk Industries's revenues decreased 5.1% year on year, missing analysts' expectations by 1.2%, and Leggett & Platt reported a revenue decline of 7.6%, in line with consensus estimates. Mohawk Industries traded up 19.3% following the results while Leggett & Platt was also up 1%.

Read our full analysis of Mohawk Industries's results here and Leggett & Platt's results here.

There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 3.3% on average over the last month. Purple is up 13.6% during the same time and is heading into earnings with an average analyst price target of $2.6 (compared to the current share price of $1.25).

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