Editor's Note: This column by Ben Thomas is a special bonus for TheStreet.com and RealMoney readers. It first appeared on Street Insight on March 7 at 3:49 p.m. To sign up for Street Insight , where you can read Thomas' commentary in real time, please click here .

Tech Data ( TECD) could deliver an upside surprise when it reports earnings before the market opens Wednesday.

Current projections call for the IT products distributor to earn 67 cents a share on revenue of $5.43 billion. I believe there is a good chance Tech Data will deliver strong numbers and possibly beat the consensus estimates. Previously, the company guided the quarter's EPS to the range of 63 cents to 69 cents on a revenue range of $5.3 billion to $5.4 billion.

I have always believed it was a good idea to listen to the conference calls for the computer distributors because, like the contract manufacturers, they tell you a lot about the tech supply chain and could provide color on the overall demand and end-market environment.

Beyond general commentary and outlook, some of the things I will be listening for on the call, which is scheduled for 10 a.m. EST Wednesday, include:
  • highlights about the current restructuring plans, particularly in Europe;
  • pricing pressures;
  • the thought process on the search for a new CEO, and, of course, the guidance for next quarter.

    I believe the Street is expecting the company to slightly raise guidance. Anything less than that, and the stock might be subject to some selling pressure.
    At the time of publication, Thomas had no position in Tech Data.

    Ben Thomas, CFA is the portfolio manager for a technology oriented midcap hedge fund. Prior to this, Ben was a portfolio manager and senior equity analyst for Invesco. There, he was responsible for managing the firm's Midcap Growth portfolio as well as the firm's technology research efforts. Prior to Invesco, Ben worked for Banc One Securities and Prudential Securities. Ben graduated from the University of Kentucky with a degree in Finance and went on to earn his MBA from Indiana University. He serves on the board of directors for the CFA Society of Louisville and is a member of the CFA Institute.