Athletic apparel company Under Armour (NYSE: UAA) will be announcing earnings results this Friday before market hours. Here’s what to expect.

Under Armour beat analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $1.18 billion, down 11.4% year on year. It was a strong quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Under Armour’s revenue to decline 4.2% year on year to $1.13 billion, improving from the 10.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 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. Under Armour has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Under Armour’s peers in the apparel and accessories segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Levi's delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 5.8%, and ThredUp reported revenues up 16.4%, topping estimates by 4%. Levi's traded up 11.1% following the results while ThredUp was also up 5.4%.

Read our full analysis of Levi’s results here and ThredUp’s results here.

Investors in the apparel and accessories segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. Under Armour is down 3.7% during the same time and is heading into earnings with an average analyst price target of $7.42 (compared to the current share price of $6.74).

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