Below is our first look at the earnings and revenue beat rates for the second quarter reporting period that began earlier this month. Last earnings season, the earnings beat rate hit its lowest level of the current bull market with a reading below 60%. So far this season, 64.2% of companies have beaten estimates. Keep in mind that only 10% of companies have reported so far this season, so it's still very early.
The top-line revenue beat rate is a bit weaker than the earnings beat rate, coming in at 57% so far this season. This is slightly better than the final reading of 56% that was registered last season.