Child care and education company Bright Horizons (NYSE:BFAM) will be reporting earnings tomorrow after market close. Here's what to expect.

Bright Horizons beat analysts' revenue expectations by 4.1% last quarter, reporting revenues of $615.6 million, up 16.3% year on year. It was a solid quarter for the company, with an impressive beat of analysts' organic revenue estimates and full-year revenue guidance exceeding analysts' expectations.

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

This quarter, analysts are expecting Bright Horizons's revenue to grow 10.8% year on year to $613.6 million, slowing from the 20.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.46 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. Bright Horizons has missed Wall Street's revenue estimates twice over the last two years.

Looking at Bright Horizons's peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Strategic Education delivered year-on-year revenue growth of 13.1%, beating analysts' expectations by 5.8%, and Nike reported flat revenue, topping estimates by 1.1%. Strategic Education traded up 20.2% following the results while Nike was down 7%.

Read our full analysis of Strategic Education's results here and Nike's results here.

Inflation fears have put pressure on growth stocks, and while some of the consumer discretionary stocks have fared somewhat better, they have not been spared, with share prices down 5.9% on average over the last month. Bright Horizons is down 6.9% during the same time and is heading into earnings with an average analyst price target of $107.4 (compared to the current share price of $103.71).

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