Upscale bowling alley chain Bowlero (NYSE:BOWL) will be reporting results tomorrow before market hours. Here's what to look for.

Bowlero beat analysts' revenue expectations by 1.7% last quarter, reporting revenues of $305.7 million, up 11.8% year on year. It was a weaker quarter for the company, with a miss of analysts' earnings estimates.

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

This quarter, analysts are expecting Bowlero's revenue to grow 8% year on year to $340.9 million, slowing from the 22.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 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. Bowlero has missed Wall Street's revenue estimates twice over the last two years.

Looking at Bowlero's peers in the leisure facilities segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Live Nation delivered year-on-year revenue growth of 21.5%, beating analysts' expectations by 16.6%, and Xponential Fitness reported revenues up 12.5%, in line with consensus estimates. Live Nation traded up 7.2% following the results while Xponential Fitness was down 14.2%.

Read our full analysis of Live Nation's results here and Xponential Fitness's results here.

Growth stocks have been quite volatile since the start of 2024, and while some of the leisure facilities stocks have fared somewhat better, they have not been spared, with share prices down 3.4% on average over the last month. Bowlero is down 5.3% during the same time and is heading into earnings with an average analyst price target of $19.2 (compared to the current share price of $12.75).

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