Hey everyone,
We've been working on a BIG project internally for almost three years now, and I couldn't be more excited to finally share it with the world.
The Beat Quarterly is a deep dive into everything you need to know about last quarter's earnings as we head into the next one.
Every earnings season creates a flood of headlines. Companies either beat or miss their mark, narratives form, and investors are left trying to figure out what actually changed… and what comes next.
By the time a trend becomes obvious, the best opportunities are already gone.
The Beat Quarterly solves that problem by factoring in fundamental performance, in addition to earnings trends and sentiment.
In this report, we present our proprietary dataset, built through a fusion analysis of all S&P 500 companies. We're not just looking at fundamentals — we're studying how the market responded to those fundamentals.
The names that rise to the top of our Beat Report universe are ones that are checking all the boxes– from fundamentals, to technicals, and even market sentiment.
Using our Reaction Score, we blend earnings results with post-report price behavior, volatility, and context. That lets us cut through surface-level beats and misses and focus on what actually matters. The stories that are being rewarded, the themes losing traction, and where leadership is rotating.
Rather than comparing sectors in isolation, we track change over time, from quarter to quarter, and benchmark it to the broader market. That's where inflection points lie, and our goal is to identify them early.
This edition covers Q3 2025 earnings, spanning October through year-end. What follows is a data-driven map of where leadership strengthened, where cracks formed, and which overlooked areas are quietly setting up for their next leg.
In true All Star Charts fashion, we also highlight some of our favorite names and themes we've been tracking throughout the quarter — not just what worked, but what could work even better in the coming quarter.
Which, by the way, is starting now. Time flies, doesn't it?
Here's the Q3 story with the charts… everything you need to know to prepare yourself for the Q4 earnings season.
Hope you enjoy it.
Steve
