Bespoke tracks a number of indicators during earnings season, and one of them is the percentage of companies that are raising guidance. Below we highlight this guidance indicator on a quarterly basis based on the 50,000+ individual earnings reports in our Earnings Report Database. During the current earnings season, just 2.3% of companies have raised guidance, which is the lowest reading since at least Q3 '01. Last quarter's reading of 3% was the lowest at the time, but unfortunately, it has gotten even worse. At least expectations are about as low as they can get, and when the time comes that companies do start besting their guidance, it should propel stocks higher.
What is this quarter's "beat rate," i.e., the % of companies reporting that beat street expectations?
Posted by: Yossarian | February 06, 2009 at 12:01 PM
I was caught by surprise at the market going up today. I think there will be selling going into closing bell.
zee
Posted by: zstock7.com | February 06, 2009 at 02:19 PM