Database as a service company Couchbase (NASDAQ: BASE) will be announcing earnings results tomorrow after the bell. Here's what to look for.

Last quarter Couchbase reported revenues of $43.14 million, up 8.4% year on year, beating analyst revenue expectations by 3.4%. It was a weaker quarter for the company, with underwhelming revenue guidance for the next quarter.

Is Couchbase buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Couchbase's revenue to grow 11.6% year on year to $43.02 million, slowing down from the 25.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.18 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 has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 5.8%.

Looking at Couchbase's peers in the data storage segment, some of them have already reported Q3 earnings results, giving us a hint what we can expect. Snowflake delivered top-line growth of 31.8% year on year, beating analyst estimates by 2.9% and Commvault Systems reported revenues up 6.9% year on year, exceeding estimates by 3%. Snowflake traded up 6.6% on the results, and Commvault Systems was flat on the results.

Read our full analysis of Snowflake's results here and Commvault Systems's results here.

There has been positive sentiment among investors in the data storage segment, with the stocks up on average 14.7% over the last month. Couchbase is up 33.4% during the same time, and is heading into the earnings with analyst price target of $21.3, compared to share price of $20.0.

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