FYI: Roughly 200 companies have reported earnings since the season began earlier this month. Of those companies, 64.4% have beaten consensus analyst EPS estimates. As shown in the first chart below, an earnings beat rate of 64.4% is strong relative to past quarters over the last few years. We haven’t gotten a beat rate higher than 64.4% since Q4 2010. There’s still a long way to go until earnings season comes to an end, but at least on bottom-line EPS, companies haven’t had trouble exceeding expectations so far.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/earnings-and-revenue-beat-rates/
