FYI: Below is a look at the earnings beat rate so far this earnings season (highlighted in orange) compared to past quarters going back to 1999. As shown, 60.1% of the 2,400+ companies that have reported this quarter have beaten consensus analyst estimates. That’s well below last quarter’s reading but slightly above the reading from two quarters ago. Since 1999, the average beat rate for any given quarter has been 61.9%, so this season is tracking just below average
Regards,
Ted
https://www.bespokepremium.com/chart-of-the-day/chart-of-the-day-earnings-season-winds-down/
