British investment bank Barclays Capital expects Lenovo to report strong earnings and revenue growth on Wednesday.

“We expect Lenovo to again beat our sales and EPS forecasts in the first quarter of 2012, given its significant market share gains and better hard disk drive pricing,” Kirk Yang, an analyst at Barclays Capital in Hong Kong, wrote in a research note as reported by the Focus Taiwan News Channel

The world’s No. 2 PC maker, which operates its executive headquarters in Morrisville, increased PC shipments in the most recent quarter by 44 percent ffrom a year earlier, according to recent statistics.

Barclays forecast a 6 percent increase in sales to $4.7 billion and increased its share target price to $1.1. The bank rates Lenovo’s stock as “overweight.”