Investment banking firm Piper Sandler (NYSE:PIPR) will be reporting results this Friday before market open. Here’s what investors should know.

Piper Sandler beat analysts’ revenue expectations last quarter, reporting revenues of $491.1 million, up 21.2% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates.

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

This quarter, the market is expecting Piper Sandler’s revenue to grow 2.1% year on year, slowing from the 29.4% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Piper Sandler rarely misses Wall Street’s revenue estimates.

Looking at Piper Sandler’s peers in the investment banking & brokerage segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Evercore delivered year-on-year revenue growth of 12.5%, beating analysts’ expectations by 32.1%, and Goldman Sachs reported revenues up 23%, topping estimates by 11.5%. Goldman Sachs traded down 1.7% following the results.

Read our full analysis of Evercore’s results here and Goldman Sachs’s results here.

There has been positive sentiment among investors in the investment banking & brokerage segment, with share prices up 2% on average over the last month. Piper Sandler is up 3.5% during the same time and is heading into earnings with an average analyst price target of $79.38 (compared to the current share price of $67).

WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.

This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.