Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) will be announcing earnings results tomorrow before the bell. Here's what to expect.

Last quarter Ollie's reported revenues of $459.2 million, up 12.9% year on year, beating analyst revenue expectations by 1.9%. It was a strong quarter for the company, with revenue and EPS beating analysts' expectations.

Is Ollie's buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting OLLI's revenue to grow 10.3% year on year to $499 million, improving on the 8.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 per share.

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing four upwards revisions over the last thirty days.

Looking at OLLI's peers in the general merchandise retail segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. Big Lots's revenues decreased 15.4% year on year, beating analyst estimates by 3.49%, and Kohl's reported revenue decline of 4.7% year on year, exceeding estimates by 4.96%. Big Lots was up 13.9%, and Kohl's was up 1.01%.

Read our full analysis of Big Lots's results here and Kohl's's results here.

The fears around raising interest rates have been putting pressure on stocks and while some of the general merchandise retail stocks have fared somewhat better, they have not been spared, with share price declining 7.13% over the last month. Ollie's is up 3.78% during the same time, and is heading into the earnings with analysts' average price target of $72.4, compared to share price of $74.7.

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The author has no position in any of the stocks mentioned.