It's still too early to draw any significant conclusions about this earnings season, but one positive we've seen so far is the revenue beat rate. As shown below, 60.2% of the companies that have reported so far this season have beaten revenue estimates. One of the big negatives of the past two earnings seasons was a very weak revenue beat rate, so if companies can continue to post strong top-line sales numbers, the market should like it.
For those wondering, the bottom-line earnings beat rate for the 101 companies that have reported so far this season is 59.4%. As shown below, this is about inline with what we've seen for the past seven earnings seasons.