Hickey and Walters (Bespoke) submit:
Last Thursday we noted that the percentage of companies beating earnings estimates this season has gotten better as the reporting period has progressed. After another week, the beat rate this earnings season has increased slightly from 60.7% to 61%. As shown in the chart below, 61% is still not a great beat rate, but it's a lot better than the reading in the 50s that we saw a couple weeks ago.
Below we have broken out the percentage of companies beating earnings estimates this season by sector. As shown, four
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