E-commerce platform Shopify (NASDAQ: SHOP) will be reporting earnings this Wednesday before market open. Here’s what investors should know.

Shopify beat analysts’ revenue expectations last quarter, reporting revenues of $3.17 billion, up 34.3% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ gross merchandise volume estimates but revenue guidance for next quarter meeting analysts’ expectations.

Is Shopify 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 Shopify’s revenue to grow 29% year on year, slowing from the 31.1% 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. Shopify has a history of exceeding Wall Street’s expectations.

Looking at Shopify’s peers in the sales and marketing software segment, only GoDaddy has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 6.6%. The stock was down 16.7% on the results.

There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 6.5% on average over the last month. Shopify is down 1.9% during the same time and is heading into earnings with an average analyst price target of $148.39 (compared to the current share price of $117.80).

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.