Just under 200 companies have reported earnings so far this season, which is only a tenth of the total amount that will have reported by the time the season ends in mid-February. But so far, 67 percent of companies that have reported this season have posted better-than-expected earnings per share numbers.
Over the past six years, this figure has usually been in the high 60s, so this quarter's number would be a relative improvement. However, we typically see the beat rate drift lower as more and more companies report.
Another caveat: The revenue beat rate this season only stands at 57 percent, or ten percentage points lower than the bottom-line earnings beat rate. That is a relatively low reading, and will be worth monitoring as earnings season progresses.