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

Monday, 11 Aug 2008 | 4:10 PM ET

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)

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%
Nicor GAS Utilities 4-Aug 0.28 0.64 129%
Sprint Nextel S Telecom 6-Aug 0.03 0.06 100%
Constellation Energy CEG Utilities 31-Jul 1.02 1.82 78%
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 AIG's $2.97 billion, and WaMu's $2.3 billion.

Earnings Leaderboard - Biggest Losers (as of 8/11)

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%
AIG AIG Financials 6-Aug 0.63 -0.51 -181%
Sandisk SNDK Tech 21-Jul 0.13 -0.10 -177%
Thomson Reuters

Source:Thomson Reuters

  Price   Change %Change
S
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AFF
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GAS
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GM
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ODP
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LM
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C
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