Wal-Mart (WMT) reported earnings yesterday, marking the unofficial end to the Q1 earnings season. For the full season, 60% of the 2,500+ companies that reported beat consensus analyst earnings per share estimates. For top-line revenues, just 50% of companies beat consensus analyst estimates.
Below is a chart that shows the earnings and revenue beat rates this season by sector. As shown, the Technology sector had the highest earnings beat rate at 69%, followed by Consumer Staples at 66% and Consumer Discretionary at 62%. Energy stocks beat earnings estimates at the lowest clip (just 50%).
Technology also had the strongest revenue beat rate this season at 59%. Financials had the second best revenue beat rate at 57%, while Health Care and Consumer Discretionary both came in at 51%. Utilities, Energy, Materials and Industrials had the lowest revenue beat rates.
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