Neighborhood social network Nextdoor (NYSE:KIND) will be announcing earnings results tomorrow after the bell. Here's what investors should know.

Nextdoor beat analysts' revenue expectations by 8.6% last quarter, reporting revenues of $55.56 million, up 4.3% year on year. It was a very strong quarter for the company, with optimistic revenue guidance for the next quarter. It reported 41.8 million monthly active users, up 4.5% year on year.

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

This quarter, analysts are expecting Nextdoor's revenue to grow 2.1% year on year to $50.81 million, a reversal from the 2.4% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.09 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. Nextdoor has missed Wall Street's revenue estimates twice over the last two years.

Looking at Nextdoor's peers in the social networking segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Meta delivered year-on-year revenue growth of 27.3%, meeting analysts' expectations, and Snap reported revenues up 20.9%, topping estimates by 6.6%. Meta traded down 10.6% following the results while Snap was up 27.5%.

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

Investors in the social networking segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. Nextdoor is up 4.7% during the same time and is heading into earnings with an average analyst price target of $2.6 (compared to the current share price of $2.21).

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