Casual restaurant chain Noodles & Company (NASDAQ:NDLS) will be reporting earnings tomorrow after market hours. Here's what to expect.

Noodles met analysts' revenue expectations last quarter, reporting revenues of $124.3 million, down 8.9% year on year. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and a miss of analysts' earnings estimates.

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

This quarter, analysts are expecting Noodles's revenue to decline 3.7% year on year to $121.4 million, a reversal from the 12% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.17 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. Noodles has missed Wall Street's revenue estimates three times over the last two years.

Looking at Noodles's peers in the modern fast food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Wingstop delivered year-on-year revenue growth of 34.1%, beating analysts' expectations by 7.2%, and Shake Shack reported revenues up 14.7%, in line with consensus estimates. Wingstop's stock price was unchanged after the results while Shake Shack was up 4.1%.

Read our full analysis of Wingstop's results here and Shake Shack's results here.

Investors in the modern fast food segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Noodles is up 16.3% during the same time and is heading into earnings with an average analyst price target of $3.7 (compared to the current share price of $1.8).

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