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Aug.04
12:20 PM ET
Monday, 4 Aug 2008
S&P 500 Earnings Leaderboard: Biggest Surprises Season to Date

As of this morning, 377 of the S&P 500 companies (just over 75%) have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 248 or 66%
  • Companies Matching Estimates: 42 or 11%
  • Companies Falling Below Estimates: 87 or 23%

Four of the five biggest surprises came in last week, knocking the Tech sector stocks off the leaderboard.  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 8/4)
CompanySymbolSectorDateEPS Est.Actual%Chg
Office DepotODPCons Disc30-Jul0.010.04300%
Sun TrustSTIFinancials22-Jul0.641.53139%
Constellation EnergyCEGUtilities31-Jul1.021.8278%
Mead WestvacoMWVMaterials24-Jul0.190.3268%
Jones NYJNYCons Disc30-Jul0.120.2067%

On the downside, the banks lead the losers with Legg Mason reporting the biggest miss in that sector, off by 269%.  In absolute dollars, GM replaces Merrill as the biggest loser with its $4.9 billion downside surprise.  Merrills' loss was $3.0 billion more than expected, followed by WaMu's $2.3 billion, and National City's $1.6 billion surprise.

  Earnings Leaderboard - Biggest Losers (as of 8/4)
CompanySymbolSectorRpt DateEPS Est.Actual%Chg
Legg MasonLMFinancials25-Jul0.13-0.22-269%
UnisysUISTech23-Jul0.03-0.04-233%
Eastman KodakEKCons Disc31-Jul0.16-0.13-181%
SandiskSNDKTech21-Jul0.13-0.10-177%
Tyson FoodsTSNCons Staples28-Jul0.120.01-92%

Source:Thomson Reuters

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