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Apr.22
9:29 AM ET
Tuesday, 22 Apr 2008
S&P 500 Earnings Leaderboard: Biggest Surprises Season to Date
Posted By:Ariel Nelson
Topics:Earnings | Stock Market
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% |
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% |
Source:Thomson Reuters
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