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S&P 500 Earnings Leaderboard: Biggest Surprises Season to Date

As of this morning, 292 of the S&P 500 companies (just under 60%) have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 187 or 64%
  • Companies Matching Estimates: 35 or 12%
  • Companies Falling Below Estimates: 70 or 24%

So far, the consumer discretionary sector has had some of the biggest surprises to the upside, with Brunswick Corp. reporting EPS that was 110% above expectations. In absolute dollars, Ford leads with its $1.0 billion surprise followed by Morgan Stanley and Goldman Sachs with their $444 and $295 million respective surprises.

Earnings Leaderboard - Best Performers (as of 4/28)

Company
Symbol
Sector
Date
EPS Est.
Actual
%Chg
Southwest Airlines LUV Airlines 4/17/2008 0.01 0.06 500%
EDS EDS Tech 4/24/2008 0.05 0.12 140%
Brunswick BC Cons Disc 4/24/2008 0.1 0.21 110%
Hasbro HAS Cons Disc 4/21/2008 0.14 0.25 79%
Starwood Hotels HOT Cons Disc 4/24/2008 0.25 0.44 76%
Thomson Reuters

On the downside, toy maker Mattel , another consumer discretionary player, leads the losers off by 1400%. In absolute dollars, Wachovia is still the biggest loser with its $1.0 billion downside surprise. Bank of America follows with its downside surprise of $800 million.

Earnings Leaderboard - Biggest Losers (as of 4/28)

Company
Symbol
Sector
Rpt Date
EPS Est.
Actual
%Chg
Mattel MAT Cons Disc. 4/21/2008 0.01 -0.13 -1400%
CIT CIT Financials 4/17/2008 0.58 -1.35 -333%
National City NCC Financials 4/21/2008 0.31 -0.27 -187%
Wachovia WB Financials 4/14/2008 0.4 -0.14 -135%
First Horizon FHN Financials 4/17/2008 0.13 0.06 -54%
Thomson Reuters

Source:Thomson Reuters