Outdoor equipment company Toro (NYSE:TTC) will be announcing earnings results this Thursday before the bell. Here’s what to look for.

The Toro Company missed analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $1.32 billion, down 2.3% year on year. It was a softer quarter for the company, with a miss of analysts’ Professional revenue estimates and full-year EPS guidance missing analysts’ expectations.

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

This quarter, analysts are expecting The Toro Company’s revenue to be flat year on year at $1.16 billion, slowing from the 6.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 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. The Toro Company has missed Wall Street’s revenue estimates five times over the last two years.

Looking at The Toro Company’s peers in the agricultural machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AGCO’s revenues decreased 18.8% year on year, beating analysts’ expectations by 5.9%, and Alamo reported flat revenue, topping estimates by 2.4%. AGCO traded up 6.5% following the results while Alamo was down 1.4%.

Read our full analysis of AGCO’s results here and Alamo’s results here.

There has been positive sentiment among investors in the agricultural machinery segment, with share prices up 4.6% on average over the last month. The Toro Company is up 9.5% during the same time and is heading into earnings with an average analyst price target of $89 (compared to the current share price of $81.44).

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