S&P 500 Earnings Leaderboard: Biggest Surprises Season to Date
Today is the biggest earnings day of the season and as of this afternoon, just over 30% of the S&P 500 companies have reported earnings.
Here's how things stand so far:
- Companies Exceeding EPS Estimates: 78%
- Companies Matching EPS Estimates: 8%
- Companies Falling Below EPS Estimates: 14%
At the same point last quarter, 16% of the companies reporting had missed EPS estimates and 76% had beaten estimates.
Dow component, Caterpillar has had the biggest percent surprise to the upside followed by Sallie Mae and PNC Financial . In absolute dollars, financials sit atop the leaderboard. After Citigroup's surprise of over $1.3 billion, JP Morgan Chase and Wells Fargo follow with ~$1.2 billion and ~$900 million surprises.
Earnings Leaderboard - Best Performers (as of 10/22 midday)
On the downside, Pittsburgh based Allegheny Technologies leads the losers, reporting a -67% miss. In absolute dollars, Bank of America leads with its $433 million negative surprise.
Earnings Leaderboard - Biggest Losers (as of 10/22 midday)
|Company||Symbol||Sector||Rpt Date||EPS Est.||Actual||%Chg|
|Harley Davidson||HOG||Cons Disc||10/15/2009||0.21||0.11||-48%|
Many companies have improved their earnings by cutting costs. Investors are looking for topline growth as a sign that the economy has indeed turned the corner. Continue on to the next page to see the biggest revenue surprises to date as well.
Biggest revenue surprises to date
Revenues to date for the S&P 500
- Companies Exceeding Revenue Estimates: 62%
- Companies Matching Revenue Estimates: 0%
- Companies Falling Below Revenue Estimates: 38%
Revenues are starting to look better this quarter. At the same point last quarter, 47% of the companies reporting had missed EPS estimates and 53% had beaten estimates.
In percentage terms, Altria leads in biggest revenue surprises. JP Morgan's $3.4 billion surprise is the biggest to date in terms of dollars.
Revenue Leaderboard - Best Performers (as of 10/22 middday)
|Company||Symbol||Sector||Date||Rev Est. ($M)||Actual||%Chg|
On the downside, Range Resources has the biggest percentage surprise, while CNBC parent, General Electric leads in dollar terms missing estimates by $1.7 B.