Electronic trading platform Tradeweb Markets (NASDAQ: TW) will be reporting earnings this Thursday before market hours. Here’s what investors should know.

Tradeweb Markets met analysts’ revenue expectations last quarter, reporting revenues of $513 million, up 26.7% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and .

Is Tradeweb Markets a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Tradeweb Markets’s revenue to grow 12.2% year on year to $503.5 million, slowing from the 36.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.83 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tradeweb Markets has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.4% on average.

Looking at Tradeweb Markets’s peers in the financial exchanges & data segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Moody's delivered year-on-year revenue growth of 10.7%, beating analysts’ expectations by 2.4%, and Nasdaq reported revenues up 11.4%, topping estimates by 0.8%. Moody's traded down 1.2% following the results while Nasdaq was also down 1.7%.

Read our full analysis of Moody’s results here and Nasdaq’s results here.

Investors in the financial exchanges & data segment have had steady hands going into earnings, with share prices flat over the last month. Tradeweb Markets is down 2.8% during the same time and is heading into earnings with an average analyst price target of $133.33 (compared to the current share price of $108.25).

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