S&P 500 Earnings Leaderboard: Biggest Surprises Season to Date
As of this morning, 256 of the S&P 500 companies (just over 50%) have reported earnings.
Here's how things stand:
- Companies Exceeding Estimates: 172 or 67%
- Companies Matching Estimates: 28 or 11%
- Companies Falling Below Estimates: 56 or 22%
So far, the Tech sector has had some of the biggest surprises to the upside. In absolute dollars, CIT Group leads with its $944 million surprise followed by Bank of America's $847 million, Citigroup's $634 million and Goldman Sachs' $519 million surprise.
Earnings Leaderboard - Best Performers (as of 7/25)
On the downside, the banks lead the losers with Legg Mason reporting the biggest miss in that sector, off by 269%. In absolute dollars, Merrill is the biggest loser with its $3.0 billion downside surprise followed by WaMu's $2.3 billion, and National City's $1.6 billion surprise.
Earnings Leaderboard - Biggest Losers (as of 7/25)
|Company||Symbol||Sector||Rpt Date||EPS Est.||Actual||%Chg|
|New York Times||NYT||Cons Disc||23-Jul||0.22||0.15||-32%|