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

As of yesterday, over 80% of the S&P 500 companies have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 65%
  • Companies Matching Estimates: 8%
  • Companies Falling Below Estimates: 27%

Compared to just over a week ago when only 40% had reported, the breakdown has shifted with an increase in companies beating vs. meeting estimates. Textron has had the biggest percent surprise to the upside followed by Caterpillar , and Bank of America. In absolute dollars, financials take 4 of the 5 top spots on the leaderboard. After BAC's surprise of nearly $2.5 billion, Ford follows with its $1.4 billion surprise. Citigroup's $876 million surprise is next.

Earnings Leaderboard - Best Performers (as of 5/6)

Company
Symbol
Sector
Date
EPS Est.
Actual
%Chg
Textron TXT Industrials 4/28/2009 0.01 0.18 1700%
Caterpillar CAT Industrials 4/21/2009 0.04 0.39 875%
Bank of America BAC Financials 4/20/2009 0.05 0.44 780%
Starwood Hotels HOT Cons Disc 4/30/2009 0.03 0.14 367%
Coca Cola Enterprises CCE Cons Stps 4/28/2009 0.05 0.20 300%
Thomson Reuters

Wynn Resorts has taken the lead in downside surprises followed by three financials: CB Richard Ellis , Sallie Mae , and Janus Capital . In absolute dollars, financials get a 5 for five sweep led by Huntington Bancshares' miss over $2.4 billion followed by Suntrust Banks' $656 million negative surprise.

Earnings Leaderboard - Biggest Losers (as of 5/6)

Company
Symbol
Sector
Rpt Date
EPS Est.
Actual
%Chg
Wynn Resorts WYNN Cons Disc 5/5/2009 0.02 -0.27 -1450%
CB Richard Ellis CBG Financials 4/29/2009 0.02 -0.03 -250%
Sallie Mae SLM Financials 4/22/2009 0.12 -0.03 -125%
Janus Capital JNS Financials 4/23/2009 0.06 0.02 -67%
Tesoro TSO Energy 5/6/2009 0.37 0.18 -51%
Thomson Reuters

Source:Thomson Reuters

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