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

As of this morning, 93 of the S&P 500 companies (just under 20%) have reported earnings.

Here's how things stand:

• Companies Exceeding Estimates: 67 or 72%
• Companies Matching Estimates: 9 or 10%
• Companies Falling Below Estimates: 17 or 18%

So far, the Tech sector has had some of the biggest surprises to the upside, with Novellus reporting EPS that was 300% above expectations. In absolute dollars, Citigroup leads with its $986 million surprise followed by Goldman Sachs with a $519 million surprise.

Earnings Leaderboard - Best Performers (as of 7/21)

Company	Symbol	Sector	Date	EPS Est.	Actual	%Chg
Novellus	NVLS	Tech	14-Jul	0.04	0.16	300%
Mattel	MAT	Cons Disc	18-Jul	0.02	0.03	50%
Goldman Sachs	GS	Financials	17-Jun	3.42	4.58	34%
National Semiconductor	NSM	Tech	5-Jun	0.26	0.34	31%
Jabil Circuit	JBL	Tech	24-Jun	0.20	0.26	30%

Thomson Reuters

On the downside, the banks lead the losers with Zions Bancorp reporting the biggest miss in that sector, off by 12%. In absolute dollars, Merrill is the biggest loser with its $2.9 billion downside surprise. KB Homes follows with its downside surprise of $183 million.

Source:Thomson Reuters