Yesterday we sent Bespoke members a full rundown of results from the just-completed earnings season. To view the report, start a Bespoke Premium free trial here. One stat we can highlight here is the earnings beat rate from this season. As shown below, the percentage of companies that reported EPS that were stronger than consensus analyst estimates came in at 69%. For those keeping score, that’s the strongest beat rate since Q3 2006, and the sixth strongest beat rate over the last 20 years.
You might remember that analysts were hiking their EPS estimates at a record pace heading into the most recent earnings season, which makes the extremely strong beat rate (relative to recent earnings seasons) even more impressive.