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TME Weekend: Beat rates 2nd worst in 7 years

Beat rates 2nd worst since 2016

With only 10% of the SPX having reported, results are pretty poor. So far, the beat rate is an anemic 65.4%. That’s the 2nd worst since 2016, with the lowest coinciding with 1Q20 lockdowns.

Source: Jefferies

Facing a high bar

...or is it a low bar...?

Source: Barclays

Longer term: Nice EPS MoMo coming up

Source: Goldman

Just catching up

Source: Barclays

Big Tech earnings revisions

Source: Data Trek