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Aug.11
4:10 PM ET
Monday, 11 Aug 2008
S&P 500 Earnings Leaderboard: Biggest Surprises Season to Date

As of this morning, 449 of the S&P 500 companies (just under 90%) have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 295 or 66%
  • Companies Matching Estimates: 47 or 10%
  • Companies Falling Below Estimates: 107 or 24%

Two of the five biggest surprises came in last week, lifting Utilities to take 40% of the top 5 spots on the leaderboard.  In absolute dollars, CIT Group still leads with its $944 million surprise followed by Bank of America's $847 million, Citigroup's $634 million and MBIA's $555 million surprise. 

  Earnings Leaderboard - Best Performers (as of 8/11)
CompanySymbolSectorDateEPS Est.Actual%Chg
Office DepotODPCons Disc30-Jul0.010.04300%
Sun TrustSTIFinancials22-Jul0.641.53139%
NicorGASUtilities4-Aug0.280.64129%
Sprint NextelSTelecom6-Aug0.030.06100%
Constellation EnergyCEGUtilities31-Jul1.021.8278%

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 AIG's $2.97 billion, and WaMu's $2.3 billion.

  Earnings Leaderboard - Biggest Losers (as of 8/11)
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%
AIGAIGFinancials6-Aug0.63-0.51-181%
SandiskSNDKTech21-Jul0.13-0.10-177%

Source:Thomson Reuters

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