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.