Tobacco company Altria (NYSE:MO) will be reporting results this Wednesday before market hours. Here’s what investors should know.

Altria missed analysts’ revenue expectations by 2.5% last quarter, reporting revenues of $4.52 billion, down 4.2% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates but a significant miss of analysts’ gross margin estimates.

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

This quarter, analysts are expecting Altria’s revenue to decline 1.5% year on year to $5.20 billion, improving from the 3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.38 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. Altria has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Altria’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Boston Beer delivered year-on-year revenue growth of 1.5%, meeting analysts’ expectations, and Coca-Cola reported revenues up 2.1%, topping estimates by 0.5%. Boston Beer traded up 6.5% following the results while Coca-Cola was down 1.4%.

Read our full analysis of Boston Beer’s results here and Coca-Cola’s results here.

There has been positive sentiment among investors in the beverages, alcohol, and tobacco segment, with share prices up 3.8% on average over the last month. Altria’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $58.54 (compared to the current share price of $58.94).

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