S&P 500 Earnings Leaderboard: Biggest Surprises Season to Date
Director of Market Data & Content Services, CBNC
As of this morning, 143 of the S&P 500 companies (just under 30%) have reported earnings.
Here's how things stand:
- Companies Exceeding Estimates: 88 or 62%
- Companies Matching Estimates: 21 or 15%
- Companies Falling Below Estimates: 34 or 24%
So far, the financial sector has had some of the biggest surprises to the upside, with Keycorp reporting EPS that was 54% above expectations. In absolute dollars, Morgan Stanley still leads with its $444 million surprise followed by Goldman Sachs with a $295 million surprise.
Earnings Leaderboard - Best Performers (as of 4/21)
|ConAgra Foods||CAG||Cons Staples||3/27/2008||0.41||0.63||54%|
|CIT Group Inc.||CIT||Financials||4/17/2008||0.58||0.82||41%|
On the downside, the banks also lead the losers with Wachovia reporting the biggest miss in that sector, off by 135%. In absolute dollars, Wachovia is still the biggest loser with its $1.0 billion downside surprise. General Electric follows with its downside surprise of $700 million.
Earnings Leaderboard - Biggest Losers (as of 4/21)
|Company||Symbol||Sector||Rpt Date||EPS Est.||Actual||%Chg|
|New York Times||NYT||Cons Discretionary||4/17/2008||0.14||0.04||-71%|
|Bank of America||BAC||Financials||4/21/2008||0.41||0.23||-44%|
|Intl Game Tech||IGT||Cons Discretionary||4/17/2008||0.34||0.22||-35%|