Fluid and gas handling company MRC (NYSE: MRC) will be reporting results this Wednesday before market hours. Here’s what to expect.

MRC Global met analysts’ revenue expectations last quarter, reporting revenues of $712 million, down 8.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a decent beat of analysts’ adjusted operating income estimates.

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

This quarter, analysts are expecting MRC Global’s revenue to decline 5.7% year on year to $784.6 million, a further deceleration from the 4.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.24 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. MRC Global has missed Wall Street’s revenue estimates four times over the last two years.

Looking at MRC Global’s peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Watsco’s revenues decreased 3.6% year on year, missing analysts’ expectations by 7.2%, and FTAI Aviation reported revenues up 52.4%, topping estimates by 5.8%. Watsco traded down 2.7% following the results while FTAI Aviation was up 26.5%.

Read our full analysis of Watsco’s results here and FTAI Aviation’s results here.

Investors in the industrial distributors segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. MRC Global is up 8.9% during the same time and is heading into earnings with an average analyst price target of $15.33 (compared to the current share price of $14.01).

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