Bespoke Premium is renowned for having what many clients believe is the most comprehensive and unique earnings season coverage around.  With the third quarter reporting period beginning next Wednesday after the close when Alcoa (AA) reports, we've been charging up our charts, tables, and databases for the coming earnings rush all week. 

Prior to the start of earnings season next week, we'll release our interactive earnings season calendar that provides unique earnings information for every US stock set to report in the coming months.  We'll also be publishing which stocks we expect to be the daily winners and losers of earnings season in our Morning Lineup and B.I.G. Tips reports.  And for investors looking for even more earnings info, our Premium Plus members can use our Interactive Earnings Report Database to find out just how their stocks should trade on their report days no matter what the scenario.  If you want to be prepared for earnings season, you won't be disappointed with Bespoke Premium or Premium Plus.

While the bottom line numbers usually get all of the attention, many investors turned to the top line revenue numbers last earnings season to distinguish the winners from the losers.  While the majority of companies ended up beating earnings per share estimates last quarter, the percentage of companies beating revenue estimates was actually weak compared to historical averages.  In the chart below, we highlight the revenue "beat rate" on a quarterly basis going back to the end of 2001 (for all US stocks that had revenue estimates).  The historical quarterly average since 2001 has been just above 62%, and while last earnings season was better than the prior two, it was still 11 percentage points below average.  As we enter the third quarter reporting period, investors will continue to focus on this revenue "beat rate" to see if the top line can finally make improvements like the bottom line did in recent quarters. 

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