62% Is The Magic Number

Cooker

If the market is going to be able to trade higher this earnings season, the percentage of companies beating earnings estimates needs to be equal to or higher than the 62% reading we saw last quarter.  The market did well during the last earnings season because the earnings beat rate finally saw a quarter over quarter increase.  Prior to the 62% reading, the number had gone down every quarter since the second quarter of 2007 when the bear market started.  It's going to be hard to top 62% because analysts have been raising earnings estimates instead of cutting them this quarter.

mary666

ding

zhyuan04

Very good point. Where do you get these percentage beat information? Thanks.

If the market is going to be able to trade higher this earnings season, the percentage of companies beating earnings estimates needs to be equal to or higher than the 62% reading we saw last quarter.  ...
Cooker 发表于 2009-7-10 10:29

Cooker

http://bespokeinvest.typepad.com/