Stats from the Bespoke Interactive Earnings Report Database

Don't look now, but the fourth quarter earnings season starts next Monday with Alcoa's (AA) report after the close.  Below we provide aggregate stats from our Interactive Earnings Report Database that readers may find interesting.

Our database currently has a total of 65,427 individual earnings reports for all US companies that have reported since 2003.  Of these 65,427 reports, 62.5% of companies beat earnings estimates, while 25.9% missed earnings estimates.  57.3% of companies beat revenue estimates, while 42.7% missed revenue estimates.  Finally, 8.9% of companies have raised guidance.

In terms of how stocks have reacted on the day of their earnings reports (for companies that report after the close, we use the next day's change), the average stock has opened (or gapped) higher by 0.16% following its report.  Unfortunately, from the open to the close of trading, the average stock has declined 0.32% on its report day, for a full day's change of -0.16%.  In terms of report day volatility, the average stock has had an absolute change of +/-5.89%.

For those interested in purchasing our Interactive Earnings Report Database, which features detailed earnings and price change data for all US companies, click here.