Sector Beat Rates This Earnings Season

Through yesterday, 157 US companies had reported earnings, and 77.1% of them had beaten EPS estimates. This "beat" rate is very strong from a historical perspective, but remember that there are still quite a few reports left this season. Below we break down the EPS "beat" rate by sector.

As shown, nearly every stock in the Technology and Health Care sectors have beaten estimates. In the Technology sector, 27 out of 29 stocks have beaten their bottom line estimates, while 12 of 13 Health Care stocks have beaten. Industrials and Materials are the other two sectors doing better than the market as a whole.

On the opposite side of the spectrum, only 60% of Energy stocks have beaten earnings estimates. Financials and Consumer Discretionary have "beat" rates of less than 70%, while Consumer Staples is at 75%.

click to enlarge