As earnings season draws to a close, American corporations are at right about their historical average of beating Wall Street's earnings estimates. So far, we've seen 60.2 percent of companies reporting that beat the consensus, 11.1 percent that met expectations, and just 28.7 percent that feel short of their expected earnings, according to data compiled by Standard & Poor's.
S&P also breaks down this data by sector, so we can see which areas of the economy are outperforming expectations, and which are coming up short. Lead in the pack so far, by a wide margin, is the information technology sector, which has seen 42 issues beat expectations and only eight miss. Not far behind are the health care and industrial sectors.
Which areas have been the trailers in this category? No sector has had more losers than winners, but the materials sector has had 13 outperformers and 9 disappointments, and the financials sector has had 35 companies beat expectations and 28 fall short.
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