Auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) will be announcing earnings results tomorrow before market hours. Here's what to look for.

Last quarter Advance Auto Parts reported revenues of $2.72 billion, up 2.9% year on year, beating analyst revenue expectations by 1.6%. It was a weak quarter for the company, with EPS falling below expectations. While full year revenue guidance was only slightly lowered, EPS guidance was meaningfully lowered, with management highlighting "continued pressure in Q4 from higher product costs that we do not expect to offset with price. We are taking significant steps to improve our cost structure and remain focused on returning the business to profitable growth.”

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

This quarter analysts are expecting Advance Auto Parts's revenue to decline 0.4% year on year to $2.46 billion, a further deceleration on the 3.2% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.22 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 missed Wall St's revenue estimates four times over the last two years.

Looking at Advance Auto Parts's peers in the auto parts retailer segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Genuine Parts delivered top-line growth of 1.1% year on year, missing analyst estimates by 1.4% and Monro reported revenue decline of 5.2% year on year, missing analyst estimates by 2.2%. Genuine Parts traded down 4.4% on the results, Monro was flat on the results.

Read our full analysis of Genuine Parts's results here and Monro's results here.

There has been positive sentiment among investors in the auto parts retailer segment, with the stocks up on average 5.3% over the last month. Advance Auto Parts is down 9.7% during the same time, and is heading into the earnings with analyst price target of $56.7, compared to share price of $60.49.

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