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Shares of PVH Corp. (PVH) - Get PVH Corp. Report are up about 4% over the past three trading sessions and 14% so far in 2017. Investors are hoping the good times will continue to roll when PVH reports its quarterly results on Wednesday after the close and host a conference on Thursday before the bell.

"PVH should have a good quarter," TheStreet's Jim Cramer, manager of the Action Alerts PLUS portfolio, said from the floor of the New York Stock Exchange Tuesday.

He explained because the company has such a big business in Europe, its quarterly results should be good. Some of the recent economic data coming out of Europe has been "extraordinarily strong," Cramer added.

That strength should trickle down to brands like Tommy Hilfiger and Calvin Klein, both of which are owned by PVH Corp. Surprisingly, PVH likely did well at European department stores as well, Cramer added.

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However, there's a reason Cramer isn't getting too enthused ahead of earnings: The U.S.

The U.S. has been a drag and will likely weigh on the company's overall results, he reasoned. While Europe will likely be strong enough to allow PVH to hit it earnings estimates, Cramer is holding back on being overly optimistic.

Analysts expect PVH Corp. to earn $1.60 cents per share on $1.95 billion in revenue for the most recent quarter.

Updated from 2:14 ET March 23rd to correct separate reporting date and conference call date. 

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At the time of publication, Cramer's Action Alerts PLUS had no position in any companies mentioned.