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Of the 855 companies that have reported earnings so far this season, just 59% have beaten EPS estimates. That would be the weakest quarterly reading seen during the current bull market if the season ended today. Below is a breakdown of the earnings beat rate by sector.

As shown, four sectors have beat rates that are better than the overall reading of 59%, while six sectors have beat rates that are weaker. The two consumer sectors have the best beat rates, with Consumer Staples leading the way at 69.6%. Consumer Discretionary ranks second at 65.2%, followed by Technology (63.5%), and Energy (62.7%). Telecom and Utilities have the weakest beat rates, but of the cyclical sectors, Materials and Financials are the weakest. The Materials beat rate stands at 53.7%, while the Financial sector's beat rate is at 54.5%.

(click to enlarge)

Source: Earnings Beat Rate By Sector