More than 2,400 companies have reported earnings since this quarter’s reporting period began back on July 11th. As shown below, 64% of the 2,400 companies have beaten consensus analyst earnings estimates. Earnings season comes to an end next Thursday when Wal-Mart (WMT) reports, but if the 64% reading holds, it will be the highest beat rate since the Q4 2010 reporting period.
While the bottom-line earnings beat rate currently sits at 64% this season, the top-line revenue beat rate stands at 56%. While relatively low compared to revenue beat rates going back to 1999, if 56% holds through next Thursday, it will be the highest top-line beat rate seen since Q4 2014.