The number of companies that have reported earnings this season has doubled from the low 400s up to 855 since we last reported on the beat rate on Wednesday. Below is an update of the percentage of companies that have beaten earnings and revenue estimates. As shown, the earnings beat rate is now at 59%, which is up from the 56.9% reading we saw on Wednesday. This is still low for the current bull market, but it's better than it was.
Top-line numbers have gotten a little better over the last two days as well. On Wednesday, the percentage of companies that had beaten revenue estimates this season stood at just 44.1%. As we close out the week, the revenue beat rate currently stands at 49%, which is an increase of five percentage points.