So far this earnings season, 523 companies have reported their quarterly numbers. Of those 523 companies, 65.6% have reported EPS that were stronger than consensus analyst expectations. Below is a chart showing the historical earnings beat rate for U.S. stocks by earnings season going back to 1999. Historically, the average beat rate has been right around 60%, so this season is stronger than average thus far.
While the earnings beat rate is an important stat, it doesn’t nearly paint the entire picture of earnings season. Revenues and guidance are just as important if not more so. Bespoke subscribers receive in-depth analysis on both a macro and micro level throughout earnings season. Our analysis helps clients with portfolio positioning heading into and heading out of earnings season, and we also provide specific stock trade ideas based on earnings strength or weakness that we’re seeing. Sign up for a 5-day free trial to Bespoke Premium to get started with our earnings publications. For the full line of earnings season products, try out a Bespoke Institutional membership.