Engineered components manufacturer for critical industries ITT Inc. (NYSE: ITT) will be reporting earnings this Thursday morning. Here’s what investors should know.

ITT beat analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $999.1 million, up 12.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ organic revenue estimates and a solid beat of analysts’ revenue estimates.

Is ITT a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting ITT’s revenue to grow 8.5% year on year to $1.01 billion, slowing from the 12% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.78 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. ITT has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.2% on average.

Looking at ITT’s peers in the gas and liquid handling segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Parker-Hannifin delivered year-on-year revenue growth of 9.1%, beating analysts’ expectations by 2.1%, and Graco reported revenues up 8.1%, in line with consensus estimates. Parker-Hannifin traded up 2.1% following the results while Graco was also up 1%.

Read our full analysis of Parker-Hannifin’s results here and Graco’s results here.

There has been positive sentiment among investors in the gas and liquid handling segment, with share prices up 8.5% on average over the last month. ITT is up 3.6% during the same time and is heading into earnings with an average analyst price target of $210.78 (compared to the current share price of $185.89).

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