Online money transfer platform Remitly (NASDAQ:RELY) will be reporting earnings tomorrow after market close. Here’s what to look for.

Remitly beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $306.4 million, up 30.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates. It reported 6.85 million active buyers, up 36.1% year on year.

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

This quarter, analysts are expecting Remitly’s revenue to grow 32.7% year on year to $320.6 million, slowing from the 42.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 3 downward revisions over the last 30 days (we track 9 analysts). Remitly has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.9% on average.

Looking at Remitly’s peers in the consumer internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Netflix delivered year-on-year revenue growth of 15%, meeting analysts’ expectations, and Coursera reported revenues up 6.4%, topping estimates by 1.2%. Netflix traded up 11.1% following the results while Coursera was down 9.7%.

Read our full analysis of Netflix’s results here and Coursera’s results here.

Investors in the consumer internet segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. Remitly is up 13.2% during the same time and is heading into earnings with an average analyst price target of $20.67 (compared to the current share price of $15.16).

Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.