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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)

Company
Symbol
Sector
Date
EPS Est.
Actual
%Chg
Southwest Airlines LUV Airlines 4/17/2008 0.01 0.06 500%
Keycorp KEY Financials 4/17/2008 0.35 0.54 54%
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%
Morgan Stanley MS Financials 3/19/2008 1.03 1.45 41%
Thomson Reuters

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
Wachovia Corp WB Financials 4/14/2008 0.40 -0.14 -135%
New York Times NYT Cons Discretionary 4/17/2008 0.14 0.04 -71%
First Horizon FHN Financials 4/17/2008 0.13 0.06 -54%
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%
Thomson Reuters

Source:Thomson Reuters

Symbol
Price
 
Change
%Change
FHN
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GS
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NYT
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CAG
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KEY
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LUV
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GE
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MS
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