Online fashion retailer Revolve Group (NASDAQ: RVLV) will be reporting earnings tomorrow after market close. Here's what investors should know.

Revolve beat analysts' revenue expectations by 4.8% last quarter, reporting revenues of $257.8 million, flat year on year. It was a mixed quarter for the company, with solid growth in its buyers but slow revenue growth. It reported 2.54 million active buyers, up 8.7% year on year.

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

This quarter, analysts are expecting Revolve's revenue to decline 2.8% year on year to $271.8 million, a further deceleration from the 1.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 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. Revolve has missed Wall Street's revenue estimates three times over the last two years.

Looking at Revolve's peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Wayfair's revenues decreased 1.6% year on year, beating analysts' expectations by 3.5%, and Snap reported revenues up 20.9%, topping estimates by 6.6%. Wayfair traded up 25.9% following the results while Snap was also up 27.5%.

Read our full analysis of Wayfair's results here and Snap's results here.

Investors in the consumer internet segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. Revolve is down 1.3% during the same time and is heading into earnings with an average analyst price target of $19.8 (compared to the current share price of $19.67).

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