Smart home company SmartRent (NYSE: SMRT) will be announcing earnings results this Wednesday before market hours. Here’s what investors should know.

SmartRent beat analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $41.34 million, down 18.1% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting SmartRent’s revenue to decline 19.9% year on year to $38.86 million, a further deceleration from the 9.1% decrease it recorded in the same quarter last year. Adjusted loss is 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. SmartRent has missed Wall Street’s revenue estimates six times over the last two years.

Looking at SmartRent’s peers in the electrical equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Vontier delivered year-on-year revenue growth of 11.1%, beating analysts’ expectations by 5.4%, and AMETEK reported revenues up 2.5%, topping estimates by 2.8%. Vontier traded up 1.6% following the results while AMETEK was also up 3%.

Read our full analysis of Vontier’s results here and AMETEK’s results here.

Investors in the electrical equipment segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. SmartRent is down 6.5% during the same time and is heading into earnings with an average analyst price target of $1.65 (compared to the current share price of $1.01).

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