Industrial conglomerate 3M (NYSE:MMM) will be reporting earnings tomorrow morning. Here’s what to look for.

3M met analysts’ revenue expectations last quarter, reporting revenues of $6.07 billion, up 1.5% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ adjusted operating income estimates,

Is 3M a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting 3M’s revenue to grow 3% year on year to $5.85 billion, a reversal from the 26.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.54 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. 3M has missed Wall Street’s revenue estimates six times over the last two years.

Looking at 3M’s peers in the industrial machinery segment, only Worthington has reported results so far. It met analysts’ revenue estimates, posting year-on-year sales declines of 8.1%. The stock traded up 10.2% on the results.

There has been positive sentiment among investors in the industrial machinery segment, with share prices up 4.2% on average over the last month. 3M is up 10% during the same time and is heading into earnings with an average analyst price target of $146.07 (compared to the current share price of $141.85).

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