Factoid

After analyzing 70,000 corporate earnings reports dating back ten years, Bespoke Investment Group found that the overall beat rate of consensus analyst estimates was 62%, according to its own release. The beat rates for the major sectors were as follows: 69% (Technology); 63% (Consumer Discretionary); 63% (Health Care); 63% (Industrials); 61% (Consumer Staples); 59% (Financials); 59% (Energy); 56% (Materials); 55% (Utilities); and Telecommunications (49%).