Real estate focused virtual reality platform Matterport (NASDAQ:MTTR) will be reporting earnings tomorrow afternoon. Here's what you need to know.

Matterport missed analysts' revenue expectations by 1.1% last quarter, reporting revenues of $39.55 million, down 3.9% year on year. It was a weak quarter for the company, with management forecasting growth to slow. It added 51,000 customers to reach a total of 938,000.

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

This quarter, analysts are expecting Matterport's revenue to grow 5.4% year on year to $40.03 million, slowing from the 33.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 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. Matterport has missed Wall Street's revenue estimates twice over the last two years.

Looking at Matterport's peers in the design software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Procore Technologies delivered year-on-year revenue growth of 26.2%, beating analysts' expectations by 2.5%, and PTC reported revenues up 11.2%, topping estimates by 4.6%. Procore Technologies traded up 1.4% following the results while PTC was down 2.4%.

Read our full analysis of Procore Technologies's results here and PTC's results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But the beginning of 2024 has seen more volatile stock performance thanks to mixed inflation data, and while some of the design software stocks have fared somewhat better, they have not been spared, with share prices down 3.1% on average over the last month. Matterport is up 116% during the same time and is heading into earnings with an average analyst price target of $5.5 (compared to the current share price of $4.52).

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