FYI: So far this earnings season, 309 companies have reported their Q1 numbers. While that’s just 20% or so of the total amount that will report this season, it’s enough to get an early read on how the numbers are coming in. Of the 309 companies that have reported thus far, 63% have beaten consensus analyst earnings estimates. Below is a chart showing the historical quarterly earnings beat rate going back to 1999. As you can see, a 63% beat rate for this season would be slightly stronger than last season’s beat rate, which itself was the strongest reading post since 2010. In today’s Bespoke Chart of the Day, we take a look at a few more early earnings season reads that are of interest to investors. Access to today’s Chart of the Day is included with each of our membership levels shown below. Click here if you would like to take a quick look at what you get with each membership level.
Regards,
Ted
https://www.bespokepremium.com/chart-of-the-day/chart-of-the-day-early-earnings-season-read/
