B.I.G. Tips Report: Q2 Earnings Season Wrap-Up

The second quarter earnings season is now completed, so below we highlight the final earnings and revenue beat rates.   Of the 2,278 companies that reported between July 9th and August 16th (Alcoa's report date through Wal-Mart's report date), 58.7% beat earnings estimates, while 48.4% beat revenue estimates.  The 58.7% earnings beat rate is the lowest reading seen since the bull market began in March 2009.  The 48.4% revenue beat rate was also the lowest reading seen since the bull market began, and it's well below the average revenue beat rate of 61.7% that we've seen since 1998.

While the second quarter numbers that were released were mediocre at best, if guidance had come in strong, things certainly wouldn’t have looked as bad...

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