More than 700 US companies reported earnings this week, which more than doubled the total number of companies that have reported since earnings season started on April 7th. But even though so many companies reported, the percentage of those beating earnings estimates rose from 60% to 62%. With three quarters of companies having already reported, this earnings season is shaping up to be one of the best in years.
From Bespoke Investment
Analysts have caught up to the beat. They are likely to revise their estimates upward in the next few weeks. This often provides a strong underpinning to equities. Read THE IMPORTANCE OF EARNINGS ESTIMATES REVISIONS.
Related posts:
- EARNINGS BEAT RATE STICKING AT 62%, REVISIONS STILL NEGATIVE
- EARNINGS SEASON BEAT AND MISS RATES
- ANOTHER DIP IN THE EARNINGS BEAT RATE
- EPS BEAT RATE AT 85%
- ESTIMATE REVISIONS AND “THE EARNINGS SEASON RACKET”
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