Bottom and Top Line Q3 Beat Rates
Friday, October 21, 2011 at 10:08AM So far this earnings season, 306 companies have reported their quarterly numbers here in the US. As shown in the first chart below, 63.7% of these companies have beaten consensus earnings per share estimates. It's still early on in the reporting period, but 63.7% is stronger than the readings seen in the prior two earnings seasons. It's still slightly lower, however, than the average beat rate of 65% seen since the bull market began back in March 2009. Market bulls would like to see the reading not only come in stronger than the prior two earnings seasons, but above the bull market average as well.
The revenue beat rate this earnings season currently sits at 67%. As shown in the second chart below, this is just about inline with the readings seen over the past two earnings seasons.
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