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Apr.22
9:29 AM ET
Tuesday, 22 Apr 2008
S&P 500 Earnings Leaderboard: Biggest Surprises Season to Date

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)
CompanySymbolSectorDateEPS Est.Actual%Chg
Southwest AirlinesLUVAirlines4/17/20080.010.06500%
KeycorpKEYFinancials4/17/20080.350.5454%
ConAgra FoodsCAGCons Staples3/27/20080.410.6354%
CIT Group Inc.CITFinancials4/17/2008 0.580.8241%
Morgan StanleyMSFinancials3/19/2008 1.031.4541%

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)
CompanySymbolSectorRpt DateEPS Est.Actual%Chg
Wachovia CorpWBFinancials4/14/20080.40-0.14-135%
New York TimesNYTCons Discretionary4/17/20080.140.04-71%
First HorizonFHNFinancials4/17/20080.130.06-54%
Bank of AmericaBACFinancials4/21/20080.410.23-44%
Intl Game TechIGTCons Discretionary4/17/20080.340.22-35%

Source:Thomson Reuters

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