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Current DateTime: 01:10:32 22 Nov 2008
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As of this past Friday, 441 of the S&P 500 companies (just under 90%) have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 279 or 63%
  • Companies Matching Estimates: 51 or 12%
  • Companies Falling Below Estimates: 111 or 25%

So far, the tech sector has had the biggest surprises to the upside, with Lexmark reporting EPS that was 122% above expectations.  In absolute dollars, Exxon still leads with its $982 million surprise.  Microsoft and GM follow with $380 million and $352 million respectively.

  Earnings Leaderboard - Best Performers (as of 2/22)
CompanySymbolSectorDateEPS Est.Actual%Chg
Lexmark HoldingsLXKTech1/290.581.29122%
Tellabs IncTLABTech1/220.010.02100%
LSI CorpLSITech1/230.070.1386%
JDS UniphaseJDSUTech2/50.120.2283%
Tyson Foods IncTSNCnStp1/280.040.0775%
Valero EnergyVLOEnergy1/290.641.0259%
Raytheon Co.RTNIndus1/310.921.4558%
Cincinnati FinancialCINFFin Svcs2/60.741.0745%
CA Inc.CATech1/310.250.3644%
Polo Ralph LaurenRLCnDisc2/60.771.0840%

On the downside, the banks lead the losers with Sallie Mae reporting the biggest miss in that sector, off by 165%.  The biggest surprise overall has been Tesoro which missed by 1,550%. In absolute dollars, Merrill Lynch is still the biggest loser with its $6.3 billion downside surprise.  Citigroup and Morgan Stanley follow with downside surprises of $4.7 billion and $3.2 billion respectively.

  Earnings Leaderboard - Biggest Losers (as of 2/22)
CompanySymbolSectorRpt DateEPS Est.Actual%Chg
TesoroTSOEnergy1/310.02-0.29-1550%
Sallie MaeSLMFin Svcs1/230.55-0.36-165%
Marshall & IisleyMIFin Svcs1/150.19-0.09-147%
SunTrustSTIFin Svcs1/230.310.01-97%
Consol EnergyCNXEnergy1/290.340.04-88%
WachoviaWBFin Svcs1/220.330.08-76%
Fifth Third BancorpFITBFin Svcs1/220.270.07-74%
Bank of AmericaBACFin Svcs1/220.180.05-72%
UnisysUISTech1/290.120.04-67%
XL CapitalXLFin Svcs2/51.760.66-63%

Source:Thomson Financial

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