Vocational education Universal Technical Institute (NYSE:UTI) will be announcing earnings results tomorrow after market close. Here's what investors should know.

Universal Technical Institute beat analysts' revenue expectations by 3.8% last quarter, reporting revenues of $174.7 million, up 45.6% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.

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

This quarter, analysts are expecting Universal Technical Institute's revenue to grow 8.1% year on year to $177.2 million, slowing from the 60.5% increase it recorded in the same quarter last year.

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. Universal Technical Institute has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 3.6% on average.

Looking at Universal Technical Institute's peers in the education services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Perdoceo Education's revenues decreased 14% year on year, beating analysts' expectations by 3%, and Adtalem reported revenues up 11.8%, topping estimates by 5.4%. Perdoceo Education traded up 31.7% following the results while Adtalem was also up 14.7%.

Read our full analysis of Perdoceo Education's results here and Adtalem's results here.

Investors in the education services segment have had fairly steady hands going into earnings, with share prices down 1.9% on average over the last month. Universal Technical Institute is up 8.1% during the same time and is heading into earnings with an average analyst price target of $17.6 (compared to the current share price of $16.73).

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