Water and fire protection solutions company Core & Main (NYSE: CNM) will be reporting earnings this Tuesday before market hours. Here’s what investors should know.

Core & Main beat analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $1.91 billion, up 9.8% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ organic revenue estimates and a decent beat of analysts’ adjusted operating income estimates.

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

This quarter, analysts are expecting Core & Main’s revenue to grow 7.6% year on year to $2.11 billion, improving from the 5.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.79 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. Core & Main has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.7% on average.

Looking at Core & Main’s peers in the infrastructure distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. DistributionNOW posted flat year-on-year revenue, beating analysts’ expectations by 2.6%, and MRC Global reported flat revenue, topping estimates by 1.7%. DistributionNOW traded down 2.3% following the results while MRC Global was also down 2.5%.

Read our full analysis of DistributionNOW’s results here and MRC Global’s results here.

There has been positive sentiment among investors in the infrastructure distributors segment, with share prices up 6.1% on average over the last month. Core & Main is up 5.1% during the same time and is heading into earnings with an average analyst price target of $65.79 (compared to the current share price of $66.98).

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