NEW YORK ( TheStreet) -- Today the investment community is doing what Jim Cramer calls "schnitzeling" when it comes to Target (TGT - Get Report), a company I've written about in recent months. "Schnitzeling," loosely translated, means buying some shares in anticipation of some inevitable news -- in this case TGT's earnings release Wednesday.The thesis here could be titled, "Anything Wal-Mart (WMT - Get Report) Can Do, I Can Do Better."
After Home Depot's (HD) blow-out earnings report before the market opened Tuesday followed by its nearly 6% price-per-share pop, optimism is running high for Target's earnings results. Make smarter trading decisions and provide investment ideas that could help make you richer. Bryan Ashenberg does the dirty work so you don't have to! Can TGT meet or beat analysts' estimates for last quarter? The answer to that question is a multi-million-dollar reaction waiting to unfold Wednesday. When it comes to earnings per share, analysts estimate the increase will be a realistic 3.5%, which is higher than the estimate for the quarter we're currently in. TGT's management will give forward guidance that investors will be eager to hear. Sales growth (revenue) is expected to have moved 6.5% higher to almost $22.7 billion for the quarter. The company has been guiding lower concerning the last quarter of 2012 with shoppers still dangling from the "fiscal cliff" at that point.