In 3 days, Apple (AAPL - Analyst Report) will be releasing its Q2 earnings. The sentiment among investors is overwhelmingly positive going into the report. Apple is the largest company in the world, with a current market cap of $755 billion. Many contemplate whether this giant still has room to grow its stock value. When you consider the fundamental statistics, you’ll come to realize that Apple hasn’t quite matured in terms of growth, and still has a lot of room to increase its share value.

Apple keeps changing the way we live, one innovation at a time. From the touch screen smart phone to the tablet, Apple keeps satisfying the masses. We know this, so we won’t be speculating about the future impact of individual products, like the Apple Watch. Instead, we will evaluate Apple’s potential to deliver profits to investors from a criterion of growth, value, and earnings. Let’s examine fundamental statistics, so we can understand why this company holds a Zacks Rank #2 (Buy).

Growth

Apple has a Style Score of “A” in the growth category. This is because Apple’s statistics which directly relate to company growth exceed industry standards. The company has a year over year earnings growth estimate of 31.17% from this quarter. 

The projected EPS growth for the current year is 34.35%. Apple also has a return on equity of 37.36%. The percentage of profit Apple generates from its sales is a whopping 22.25%. Additionally, projected sales growth for this fiscal year is 23.3%.

Value

There are a lot of key ratios which suggest that Apple is still undervalued as a company. One of these is the PE ratio. Apple’s PE ratio is only 14.84.  When you couple that statistic with the fact that AAPL has a PEG of 1.07, it becomes clear that the stock is trading at a price which is more than in line with the growth that Apple experiences. It’s worth noting that the company has a debt to equity ratio of 0.26. 

Earnings

There have been 12 analysts revising their earnings estimates upwards for this quarter in the last 60 days. In that same time frame, no analysts have posted negative revisions on their estimates for this quarter. 90 days ago, our earnings consensus estimated EPS of $2.00 for this quarter. Since then, our consensus estimate has been revised higher, now calling for earnings of $2.18 per share. 

Apple is no stranger to beating on our earnings consensus estimate. In fact, Apple has beaten our consensus estimate in each of the last four quarters, not to mention that it has done so each quarter by an average of 11.39%. It also has a positive Earnings Expected Surprise Prediction of 1.38%. This coupled along with the fact that Apple holds a Zacks Rank #2 (Buy) indicates that the company will likely beat our earnings consensus estimate for this quarter. Apple reports its earnings on 4/27/15.