LIVE MARKETS-S&P 500 earnings beat rate still at highest since 2021

ReutersNov 7, 2025 6:44 PM

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S&P 500 EARNINGS BEAT RATE STILL AT HIGHEST SINCE 2021

S&P 500 earnings reports this third-quarter reporting season are beating analysts' expectations at the highest rate since the second quarter of 2021, according to LSEG data on Friday.

Results are in now from 446 of the S&P 500 companies, and, of those, 82.5% reports were above analyst earnings expectations, the data showed.

The average beat rate for the past four reporting periods is 77%.

The earnings surprise rate is also the highest since the second quarter of 2021. In aggregate, companies are reporting earnings 10.3% above expectations, which is well above the average since 1994 of 4.3% and above the average for the prior four quarters of 7.1%.

Estimated S&P 500 earnings growth for the third quarter, which includes actual results and forecasts for the rest, is now at 16.8% year-over-year, more than double the 8.8% at the start of October, the data showed.

Revenue growth has also been a standout this earnings season, and was last at 8.1% year-over-year. That is the highest growth rate since the third quarter of 2022, based on LSEG data.

(Caroline Valetkevitch)

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