By Bespoke Investment Group Earnings season came to an end with a thud on August 15 on weaker-than-expected reports from Wal-Mart (WMT) and Cisco (CSCO). That being said, overall it was a relatively good season. As shown below, the final earnings beat rate (% of companies reporting better than expected earnings) came in at 62.2%, which was the highest reading since Q3 2011. The final revenue beat rate came in at 56.6%. While top line numbers weren’t as strong as bottom line numbers, the revenue beat rate this quarter was still stronger than 3 of the past 4 earnings seasons.
The post We’ve got the beat: 62% of firms top forecasts in Q2 appeared first on Smarter Investing
Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.