Discount retail company Big Lots (NYSE:BIG) will be announcing earnings results tomorrow before market hours. Here’s what you need to know.

Last quarter Big Lots reported revenues of $1.14 billion, down 15.4% year on year, beating analyst revenue expectations by 3.5%. It was a a solid quarter for Big Lots, with same-store sales, revenue, and EPS (when excluding a number of one-time charges), all exceeding Wall Street’s expectations.

This quarter analysts are expecting Big Lots’s revenue to decline 14.4% year on year to $1.03 billion, a further deceleration on the 9.8% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$4.66 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St’s revenue estimates four times over the last two years.

Looking at Big Lots’s peers in the general merchandise retail segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Kohl’s (NYSE:KSS)’s revenues decreased 5.2% year on year, beating analyst estimates by 2.7% and Macy’s (NYSE:M) reported revenue decline of 7.3% year on year, exceeding estimates by 4.3%. Kohl’s traded down 2.9% on the results, Macy’s was up 4%.

There has been positive sentiment among investors in the general merchandise retail segment, with the stocks up on average 10.3% over the last month. Big Lots is down 4.2% during the same time, and is heading into the earnings with analyst price target of $6.1, compared to share price of $4.4.

The author has no position in any of the stocks mentioned.