Today, Fool.com editor Austin Smith reviews a Factset earnings insight report and sheds some light on what two huge earnings beats show.

One is from fallen angel Netflix (NASDAQ:NFLX) which lost investor support after its Qwikster debacle, though the mess overshadowed a strong fundamental business. 

The second is from PulteGroup (NYSE:PHM) which could indicate a housing market ready to take off. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.