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ITT Corporation (NYSE: ) is down more than 3% ahead of tomorrow's second quarter earnings announcement, but according to analysts investors should be confident.

The White Plains, New York-based design firm is expected to earn $1.10 per share on $2.93 billion in revenue for the three months ending June 30. If on target, ITT Corp. will have grown earnings a healthy 19.6% on revenue growth of 31.7%. ITT Corp. also has a history of at least mildly besting analysts' targets - three out of the last four quarters the company has exceeded earnings expectations.

Despite the universally acknowledged slow domestic economy, ITT Corp. seems poised to continue to deliver impressive revenue growth while not sacrificing margins. Wall Street's mean recommendation on ITT Corp. shares remains "buy," and tomorrow's earnings should only reaffirm this sentiment.

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