RBC: There are 3 things that will drive Apple's double-digit earnings growth (AAPL)

pulse

November 14, 2017 4:20 PM

There are 3 things that will drive Apple's double-digit earnings growth, according to an RBC Capital Markets analyst.

Apple's stellar earnings for the fourth quarter has investors happy with the performance of the company.
After reviewing Apple's 10K, an RBC Capital Markets analyst sees multiple upsides in the numbers for the company.

's standout fourth quarter earnings report has boosted investor sentiment about stronger earnings growth in the next quarter.

Amit Daryanani, an analyst with RBC Capital Markets, looked at Apple's 10-K and saw multiple tailwinds that could drive double-digit EPS growth in the next two years:

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Apple has floated around a $900 billion market cap since its earnings report. Wall Street has been bullish, keeping a careful eye on its success in its penetration into emerging markets and its enterprise, or business, markets.

"We believe AAPL’s current stock price creates an attractive entry point for investors to benefit from its ability to generate revenue and EPS growth in FY18," Daryanani wrote in a note.

Apple's stock is at $173.07 per share and is up 49.11% for the year.

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