Auto parts and accessories retailer Advance Auto Parts (NYSE: AAP) will be reporting results this Thursday morning. Here’s what investors should know.

Advance Auto Parts beat analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $2.58 billion, down 6.8% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and full-year EPS guidance exceeding analysts’ expectations.

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

This quarter, analysts are expecting Advance Auto Parts’s revenue to decline 8.7% year on year to $1.99 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.59 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. Advance Auto Parts has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Advance Auto Parts’s peers in the auto parts retailer segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Monro delivered year-on-year revenue growth of 2.7%, beating analysts’ expectations by 1.7%, and Genuine Parts reported revenues up 3.4%, topping estimates by 0.9%. Monro traded down 13.7% following the results while Genuine Parts was up 8.7%.

Read our full analysis of Monro’s results here and Genuine Parts’s results here.

There has been positive sentiment among investors in the auto parts retailer segment, with share prices up 3.7% on average over the last month. Advance Auto Parts is down 4.4% during the same time and is heading into earnings with an average analyst price target of $49.25 (compared to the current share price of $59.29).

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