S&P 500 Earnings Leaderboard: Biggest Surprises Season to Date
As of yesterday afternoon, ~50% of the S&P 500 companies had reported earnings.
Here's how things stand so far:
- Companies Exceeding Estimates: 76%
- Companies Matching Estimates: 10%
- Companies Falling Below Estimates: 14%
Compared to the same point in time last earnings season, the breakdown has shifted with a significantly larger increase in companies beating vs. missing estimates. At the same point last quarter, 26% of the companies reporting had missed EPS estimates and only 63% had beaten estimates.
Sallie Mae still has had the biggest percent surprise to the upside followed by JP Morgan Chase and Caterpillar . In absolute dollars, financials take 4 of the top 5 slots in the leaderboard. Citigroup leads with $4.7 billion surprise followed by Wells Fargo's $1.1 billion and JP Morgan's surprise of nearly $936 million. Ford is the only non-financial on the list, with an $869 million surprise.
Earnings Leaderboard - Best Performers (as of 7/23)
|JP Morgan Chase||JPM||Financials||7/16/2009||0.04||0.28||600%|
On the downside, Allegheny Technologies still leads the losers, reporting a -567% miss. In absolute dollars, Intel leads with its $838 million negative surprise followed by Morgan Stanley's $825 million downside surprises.
Earnings Leaderboard - Biggest Losers (as of 7/23)
|Company||Symbol||Sector||Rpt Date||EPS Est.||Actual||%Chg|
|Harley Davidson||HOG||Cons Disc||7/16/2009||0.24||0.08||-67%|
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