« Bearish Sentiment Drops, But Still Higher For the Month | Main | Foreign ETFs Overbought »
Wednesday
Jul282010

Second Quarter Earnings Season Beat Rate

DateWednesday, July 28, 2010 at 10:19AM

lt may seem like earnings season has been going on forever now, but we're actually just about a third of the way through.  Through yesterday, 662 US companies had reported earnings since the reporting period began with Alcoa's release on July 12th.  From today through the end of earnings season (Wal-Mart's report date on 8/17), 1,518 companies will report.  Tomorrow and next Thursday will be the biggest earnings days, with 250 and 275 companies reporting, respectively.

Below we highlight the percentage of US companies that have beaten earnings estimates as the days have passed this earnings season.  At the start of last week, the beat rate was 73%, and it has trickled slightly lower to its current level of 71.1%.  This season's beat rate is currently 9 percentage points higher than the average of 62% since 1998.

S&P 500 stocks have been beating earnings estimates at a much higher rate.  Through yesterday, 78.8% of S&P 500 companies had beaten expectations.  Interestingly, the high beat rate for the S&P 500 hasn't translated into better stock performance.  The average one-day change for all stocks on their report days has been +0.55% this season.  For S&P 500 stocks, the average one-day change in reaction to earnings has been -0.34%.

 

Comment5 Comments | | | Print ArticlePrint Article |
in

Reader Comments (5)

What would be interesting is to see the beat rate compared against the eps estimates in place one month and three months prior to the earnings announcement. Put in another context, when were the eps estimates made versus when the eps announcements were released?

July 29, 2010 | Unregistered CommenterJGeach

I'm curious as to the sequential quarter overer quarter revenue growth. Would love to see that stat.

July 29, 2010 | Unregistered CommenterRjalow

In our BagOnHand which also is fantastic Louis Vuitton online store. you will find discount LV wallets,handbags, bags ,luggage for best deals.It is real eye-opener for newest design to U and latest releases.We offer wholesale cheap price with first grade material.Wonderful combination of letter symbols "Louis Vuitton"(LV) with classical Louis Vuitton monogram pattern and interesting cartoons make LV purses give off new luster and brilliance.The Louis Vuitton purse and handbag, the appearance is very attaticve and elegant .discount handbags It is for easy, Women's Handbags city chic fee,Designer Handbags the "Louis Vuitton"(LV) combines sophisticated comfort and detailing of the handbag and make the handbag perfect for everyday useIt include :Gift Handbag,LV Tag,Care Booklet,women's wallets Dust Bag,Identity Card in Envelope with handbag.

July 30, 2010 | Unregistered Commenternfljerseyonline

Fendi has fendi handbags and fendi spy bag black.was purchased in the luxury fendi stores.if you want to buy fendi bags luxury fendi stores is best!
chanel designer handbags chanel handbags authentic sale chanel bags chanel.
Gucci brand package gucci stroe sale gucci replica. we also carry the classic gucci handbags gucci
miu miu latest handbags arrival sale miu miu handbags miu miu bags for the miu miu summer.
gucci bags gucci luxury bags louis vuitton bag

luxury handbags louis vuitton bags is the symbol of fashion bags lv bags is louis vuitton bags luxury handbags sale.
Friends birthday louis vuitton handbags the best choice for gift.all so can buy luggage louis vuitton luggage to travel essentials
and louis vuitton wallet best wallet can to put money.louis vuitton bags the same good bags is the best choice
louis vuitton bags luxury for sale louis vuitton luxury louis vuitton bags
louis vuitton shoes are king shoes louis vuitton bag and louis vuitton handbag for discount discount louis vuitton louis vuitton discount
louis vuitton shoes is symbol of fashion louis vuitton at louis vuitton shop louis vuitton store for sale
lv handbags is louis vuitton handbags and so many louis vuitton shoes louis vuitton shoes hot sale now.
louis vuitton handbags louis vuitton bags louis vuitton store

iwc watches is brand watches buy iwc watches audemars piguet watches
If you want to buy Omega Watches Omega Watches For Sale discuont Omega Watches Prices Omega on My Watches Store
The finest Breitling Watches and Cartier Watches here.Luxury Selection of Breitling Watches For Sale, Cartier Watches For Women sell us your watch it's fast, easy & safe
If you want to buy oris watches for discuont.oris montblanc watches new arrival on sale
christian louboutin shoes christian louboutin sale christian louboutin shoes sale
christian louboutin high heels christian louboutin mini heels

August 10, 2010 | Unregistered Commentergucci bags

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>
Alert
Comment Sent to Moderator
Due to the inordinate amount of spam comments posted on our site recently, we are now forced to approve comments before they are posted on the website. We apologize for any inconvenience this may cause.

Notify me of follow-up comments via email.