Workforce housing company Target Hospitality (NASDAQ:TH) will be reporting earnings tomorrow before market open. Here's what to look for.

Target Hospitality beat analysts' revenue expectations by 7% last quarter, reporting revenues of $126.2 million, down 17.2% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates and a solid beat of analysts' operating margin estimates.

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

This quarter, analysts are expecting Target Hospitality's revenue to decline 31% year on year to $102 million, a reversal from the 84% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.15 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. Target Hospitality has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 4.7% on average.

Looking at Target Hospitality's peers in the hotels, resorts and cruise lines segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Royal Caribbean delivered year-on-year revenue growth of 29.2%, beating analysts' expectations by 1.1%, and Wyndham reported a revenue decline of 2.6%, falling short of estimates by 1.1%. Royal Caribbean traded up 2.8% following the results while Wyndham was also up 4.8%.

Read our full analysis of Royal Caribbean's results here and Wyndham's results here.

Investors in the hotels, resorts and cruise lines segment have had fairly steady hands going into earnings, with share prices down 1.9% on average over the last month. Target Hospitality is up 2% during the same time and is heading into earnings with an average analyst price target of $11.3 (compared to the current share price of $11.1).

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