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

Tuesday, 11 Nov 2008 | 8:52 AM ET

As of this morning, roughly 90% of the S&P 500 companies have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 58%
  • Companies Matching Estimates: 10%
  • Companies Falling Below Estimates: 31%

Compared to last earnings season, the breakdown has shifted slightly with a small increase in companies missing vs. beating estimates. Financials lead the surprises to the upside. On a percentage basis, Comerica has had the biggest surprise to the upside followed by Northern Trust. In absolute dollars, JP Morgan Chase and Chevron lead with their $1.2 billion surprise followed by Exxon Mobil's $987 million surprise.

Earnings Leaderboard - Best Performers (as of 11/10)

Company Symbol Sector Date EPS Est. Actual %Chg
Comerica CMA Financials 17-Oct 0.06 0.18 200%
Nothern Trust NTRS Financials 22-Oct 0.39 1.07 174%
Motorola MOT Tech 30-Oct 0.02 0.05 150%
Archer Daniels Midland ADM Cons Staples 4-Nov 0.68 1.61 137%
Mylan MYL Healthcare 30-Oct 0.11 0.23 109%
Thomson Reuters

On the downside, Financials take 4 of the 5 worst surprises. Wachovia leads the losers, reporting the biggest miss in that sector, off by 3817%. In absolute dollars, Wachovia also leads with a $4.9 billion negative surprise followed by Bank of America with its $2.1 billion downside surprise. Unisys is the one non-financial in the bottom 5 in percentage terms while Ford takes the dubious honor in dollar terms.

Earnings Leaderboard - Biggest Losers (as of 11/10)

Company Symbol Sector Rpt Date EPS Est. Actual %Chg
Wachovia WB Financials 22-Oct 0.06 -2.23 -3817%
CIT Group CIT Financials 16-Oct 0.18 -1.13 -728%
Unisys UIS Tech 30-Oct 0.04 -0.10 -350%
Fifth Third Bancorp FITB Financials 21-Oct 0.18 -0.14 -178%
Key Corp KEY Financials 21-Oct 0.16 -0.10 -163%
Thomson Reuters

Source:Thomson Reuters

  Price   Change %Change