Infrastructure design software provider Bentley Systems (NASDAQ:BSY) will be reporting earnings tomorrow before market hours. Here's what investors should know.

Bentley met analysts' revenue expectations last quarter, reporting revenues of $310.6 million, up 8.3% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' billings estimates but full-year revenue guidance missing analysts' expectations.

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

This quarter, analysts are expecting Bentley's revenue to grow 8.2% year on year to $340.1 million, slowing from the 14.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 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. Bentley has missed Wall Street's revenue estimates three times over the last two years.

Looking at Bentley's peers in the software as a service segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Manhattan Associates delivered year-on-year revenue growth of 15.2%, beating analysts' expectations by 4.6%, and Atlassian reported revenues up 29.9%, topping estimates by 8.1%. Manhattan Associates traded down 10.6% following the results while Atlassian was also down 9.5%.

Read our full analysis of Manhattan Associates's results here and Atlassian's results here.

Growth stocks have seen elevated volatility as investors debate the Fed's monetary policy, and while some of the software as a service stocks have fared somewhat better, they have not been spared, with share prices down 3.1% on average over the last month. Bentley is up 5.9% during the same time and is heading into earnings with an average analyst price target of $58.3 (compared to the current share price of $53.4).

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