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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)

Company
Symbol
Sector
Date
EPS Est.
Actual
%Chg
Office Depot ODP Cons Disc 30-Jul 0.01 0.04 300%
Sun Trust STI Financials 22-Jul 0.64 1.53 139%
Constellation Energy CEG Utilities 31-Jul 1.02 1.82 78%
Mead Westvaco MWV Materials 24-Jul 0.19 0.32 68%
Jones NY JNY Cons Disc 30-Jul 0.12 0.20 67%
Thomson Reuters

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)

Company
Symbol
Sector
Rpt Date
EPS Est.
Actual
%Chg
Legg Mason LM Financials 25-Jul 0.13 -0.22 -269%
Unisys UIS Tech 23-Jul 0.03 -0.04 -233%
Eastman Kodak EK Cons Disc 31-Jul 0.16 -0.13 -181%
Sandisk SNDK Tech 21-Jul 0.13 -0.10 -177%
Tyson Foods TSN Cons Staples 28-Jul 0.12 0.01 -92%
Thomson Reuters

Source:Thomson Reuters