Nearly 1,000 companies have reported earnings so far this earnings season through October 28th, 2016. Of the companies that have reported, 67% have beaten their consensus analyst earnings per share estimates. As shown in the first chart below, that’s a very strong beat rate. If earnings season were to end today, it would be the highest beat rate since Q4 2009.
The top-line revenue beat rate is much lower than the earnings beat rate, however. As shown in the second chart below, just 55% of companies have reported stronger than expected revenue numbers. That’s just a tad lower than the final reading of 56% from last quarter.
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