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Thursday
Feb202014

Final Earnings and Revenue Beat Rates for Q4 2013

The Q4 2013 earnings season unofficially came to an end this morning with Wal-Mart's (WMT) report before the open.  For the quarter, 61.9% of US companies beat consensus analyst earnings estimates.  As shown in the first chart below, 61.9% is at the top end of the range the earnings beat rate has now been in since 2011.

The top-line revenue beat rate for the just-completed reporting period finished at 63.8%.  Over the first three quarters of 2013, market bears often noted the weakness in top-line numbers, but they finished the year strong at least versus analyst estimates.  The 63.8% revenue beat rate was the best quarterly reading we've seen since Q2 2011.

For a full breakdown of the fourth quarter earnings season, become a Bespoke Premium member today.  We'll be publishing a report this afternoon summarizing the data.