Earnings season – beat rates look promising

 EmailPrint This Post Print This Post

So far this earnings season, 306 U.S. companies have reported their quarterly numbers. As shown by Bespoke Investment Group in the first chart below, 63.7% of these companies have beaten consensus earnings per share estimates. “It’s still early on in the reporting period, but 63.7% is stronger than the readings seen in the prior two earnings seasons,” said Bespoke. “It’s still slightly lower, however, than the average beat rate of 65% seen since the bull market began back in March 2009. Market bulls would like to see the reading not only come in stronger than the prior two earnings seasons, but above the bull market average as well.”

The revenue beat rate this earnings season currently sits at 67% (see second chart below). According to Bespoke, this is in line with the readings seen over the past two earnings seasons.

Source: Bespoke Investment Group, October 21, 2011.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

More on this topic (What's this?) Read more on Net Income, K C Bus at Wikinvest
OverSeas Radio Network

1 comment to Earnings season – beat rates look promising

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

October 2011
MTWTFSS
« Sep Nov »
 12
3456789
10111213141516
17181920212223
24252627282930
31 

Feed the Bull