Educational publishing and media company Scholastic (NASDAQ:SCHL) will be announcing earnings results tomorrow after market close. Here’s what you need to know.

Scholastic missed analysts’ revenue expectations by 14% last quarter, reporting revenues of $474.9 million, down 10.1% year on year. It was a disappointing quarter for the company, with a miss of analysts’ earnings estimates.

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

This quarter, analysts are expecting Scholastic’s revenue to grow 2.2% year on year to $233.5 million, a reversal from the 13.1% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$2.48 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. Scholastic has missed Wall Street’s revenue estimates five times over the last two years.

With Scholastic being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for consumer discretionary stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Scholastic is down 2.8% during the same time and is heading into earnings with an average analyst price target of $44 (compared to the current share price of $30.69).

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