Sector Earnings Season Analysis
Thursday, January 26, 2012 at 04:49PM On Monday, we highlighted fourth quarter earnings season stats as they stood two weeks into the reporting period. We didn’t break the stats out by sector in that report, so that’s what we have done in this report. Since Monday’s report, an additional 250+ companies have reported, so there is a much larger sample size to analyze.
Of the 373 companies that have now reported, just 56.6% have beaten earnings estimates, which is two full percentage points lower than the already very low number that was in place earlier this week. We haven’t had a beat rate below 55% since the first quarter of 2001, but it looks like there’s a real shot for that to happen this quarter. The average stock that has reported has averaged...
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