So far this earnings season, 67% of the companies that have reported have beaten consensus bottom-line earnings estimates. For top-line revenues, 52% of companies have beaten estimates. Below is a look at the earnings and revenue beat rates that we’ve seen this season by sector.
As shown, Consumer Staples, Utilities and Health Care have seen the strongest earnings beat rates, while Telecom, Financials and Technology have seen the weakest. In terms of revenues, Consumer Staples, Health Care, Financials and Consumer Discretionary have seen the strongest beat rates, while Industrials, Energy, Utilities and Materials have seen the weakest.