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Apple to deliver biggest earnings blowout while Wall Street slumbers

Posted on by Mike Evans

In a special article for AppleInsider, Bullish Cross’s Andy M. Zaky reckons that Apple is about to announce the biggest earnings blowout in company history: “The largest company is America is about to grow its earnings by a whopping 84 percent this year”, thus forcing Apple’s P/E (price/earnings) ratio to under 12. He says Wall Street is “asleep at the wheel” at a time when analysts are deciding to buy Amazon at a P/E of 95 or Google at 22. If Apple were valued at Amazon’s lofty level, Apple stock would be approaching $4,000 instead of today’s $380.

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