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Thursday
Feb022012

Earnings Beat Rate Ticks Higher

DateThursday, February 2, 2012 at 12:05PM

Early on during the current earnings season, the percentage of companies beating earnings estimates was in the low 50s, which would have been the lowest "beat rate" for a quarter since the financial crisis ended.  As more and more companies have reported, however, the beat rate has been creeping higher, and it currently stands at 60.7%.  As shown in the first chart below, 60.7% is not great, but it's not a multi-year low either. 

Typically during earnings season, the beat rate will start out high and then trickle lower.  The reverse is happening this earnings season, as shown in the second chart.

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