If the 71.6 %
earnings beat rate holds through the end of this season in mid-May, it would be the strongest reading since Q3 2006.
Since the bull market began in March 2009, this is the second worst
earnings beat rate we've seen.
Not exact matches
«The data point everyone wants, we didn't get — current Model 3 run
rate,» RBC analyst Joseph Spak said in a note Wednesday after the company reported
earnings that
beat analyst expectations.
Shares of the company are flat for the year after its most recent
earnings report failed to
beat Wall Street estimates for the first time in two years, but Marshall said that he expects its revenue to continue to grow at above - market
rates.
While Barclays said the reduction in the tax
rate is expected to «positively impact» its future post-tax
earnings in the United States, it also cautioned that the Base Erosion Anti-Abuse Tax (
BEAT), which was included in the legislation and designed to prevent multinational firms from abusing the tax code, could significantly offset that benefit.
While
beating earnings estimates for the first quarter, the social media company said it would be difficult to produce growth
rates in the second half of the year that top those of 2017, when a broad - based recovery began.
If that continues through the rest of «
earnings season» (after all companies have reported) it will be the highest «
beat rate» since FactsSet began tracking the «
beat / meet / miss» data in 2008 (FactSet).
Gross margin of 61.9 percent came in ahead of the 59.7 percent the analyst expected due to a favorable mix of higher - margin datacenter segment sales, while a lower - than - expected tax
rate also helped the company report an
earnings beat.
While results have been strong — according to Thomson Reuters I / B / E / S, 79.9 % of S&P stocks reported
earnings above analysts» expectations, putting the season on track for the highest
beat rate on record, going back to 1994 — investors haven't been enthused.
Not only are the
earnings and revenue growth
rates for the companies below what they achieved in Q3 and the 4 - quarter average, but the
beat ratios are weaker as well.
Russell 2000 companies are
beating analyst
earnings estimates by 11 percent, more than twice the
rate for companies in the Dow, according to data compiled by Bloomberg.
Our first idea today is a global automaker, recently
rated «Strong Buy» by Zack's, based on multiple
earnings beats.
There is no question that
rates will have some impact on the
earnings, but, WELL has been
beaten a lot and a good value addition to me.
The way to reconcile the fact that estimates are too high on average with the fact that
beat rates are high is to know that analysts lower estimates as the
earnings announcement date approaches.