The Best and Worst of Earnings Season (So Far)

It's still early, but this earnings season is so far looking a lot like last earnings season.  Last earnings season, the percentage of stocks that beat earnings estimates was 59%.  So far this season, the earnings beat rate also stands at 59%.  Last earnings season, revenues were awful, and the revenue beat rate finished at 48%.  So far this season, revenues have also been awful with a beat rate of just 43%.

Bespoke readers will remember that while the earnings beat rate was weak for all US stocks last season, it was strong for just the stocks in the S&P 500.  The same thing is happening this season, as the beat rate for S&P 500 stocks so far stands at 75%.

For those interested, below we highlight the stocks that have performed the best and worst on their report days so far this season.  As shown, Badger Meter (BMI) has done the best with a one-day gain of 15.65%, followed by United Rentals (URI) at 12.63%, Cree (CREE) at 11.39% and DragonWave (DRWI) at 11.36%.  On the downside, Apollo Group (APOL) has done the worst on its report day with a decline of 19.64%.  Fortinet (FTNT) is not far behind, though, with a decline of 19.05%.

Get Bespoke's full suite of earnings season analysis with a subscription to Bespoke Premium.

Become a Bespoke subscriber today to access Bespoke's Model Stock Portfolio -- beating the S&P 500 by 27 percentage points since inception in May 2007.