More than 2,000 companies have reported earnings since the second quarter reporting period began on July 11th. Of these reports, 65 percent posted earnings numbers that were stronger than consensus analyst expectations.
That's a strong number, but some sectors beat that pretty handily. A whopping 74 percent of tech stocks have beaten consensus analyst earnings estimates so far this quarter. The industrials sector beat rate is at 67 percent, while it’s 66 percent for health care.
Even the worst sector is beating the analysts more than half the time. The utilities sector has the lowest beat rate for the quarter, but it's still at 51 percent.