Egg company Cal-Maine Foods (NASDAQ:CALM) will be announcing earnings results tomorrow after market hours. Here’s what investors should know.

Cal-Maine beat analysts’ revenue expectations by 27% last quarter, reporting revenues of $954.7 million, up 82.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Cal-Maine’s revenue to grow 103% year on year to $1.43 billion, a reversal from the 29.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $10.75 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. Cal-Maine has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Cal-Maine’s peers in the consumer staples segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Conagra’s revenues decreased 6.3% year on year, missing analysts’ expectations by 2%, and General Mills reported a revenue decline of 5%, falling short of estimates by 2.4%. Conagra traded up 1.3% following the results while General Mills was down 3.6%.

Read our full analysis of Conagra’s results here and General Mills’s results here.

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