Retail behemoth Walmart (NYSE: WMT) will be announcing earnings results this Thursday morning. Here’s what you need to know.

Walmart beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $179.5 billion, up 5.8% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ gross margin estimates but full-year EPS guidance meeting analysts’ expectations.

Is Walmart a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Walmart’s revenue to grow 5.6% year on year to $190.6 billion, improving from the 4.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.73 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. Walmart has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.8% on average.

With Walmart being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for non-discretionary retail stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Walmart is up 8.5% during the same time and is heading into earnings with an average analyst price target of $129.03 (compared to the current share price of $128.76).

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