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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)

Company
Symbol
Sector
Date
EPS Est.
Actual
%Chg
Caterpillar CAT Industrials 10/20/2009 0.06 0.64 967%
Sallie Mae SLM Financials 10/20/2009 0.04 0.26 550%
PNC Financial PNC Financials 10/22/2009 0.31 1.00 223%
SanDisk SNDK Tech 10/20/2009 0.26 0.75 188%
Parker Hannifin PH Industrials 10/20/2009 0.17 0.45 165%
Thomson Reuters

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
Allegheny Technologies ATI Materials 10/21/2009 0.03 0.01 -67%
Harley Davidson HOG Cons Disc 10/15/2009 0.21 0.11 -48%
CONSOL Energy CNX Energy 10/22/2009 0.66 0.48 -27%
Prologis PLD Financials 10/22/2009 0.19 0.14 -26%
Boston Scientific BSX Healthcare 10/19/2009 0.14 0.12 -14%
Thomson Reuters

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
Altria MO Cons Staples 10/21/2009 4657 6300 35%
Morgan Stanley MS Financials 10/21/2009 7001 8675 24%
Sandisk SNDK Tech 10/20/2009 789 935 18%
Peabody Energy BTU Energy 10/20/2009 1411 1667 18%
Zions Bancorp ZION Finanacials 10/19/2009 633 747 18%
Thomson Reuters

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.

Revenue Leaderboard - Biggest Losers (as of 10/22 midday)

Company
Symbol
Sector
Rpt Date
Rev Est. ($M)
Actual
%Chg
Range Resources RRC Energy 10/21/2009 261 204 -22%
KeyCorp KEY Financials 10/21/2009 1109 981 -12%
Sallie Mae SLM Financials 10/20/2009 583 525 -10%
Lennar LEN Cons Disc 9/21/2009 774 721 -7%
Ameriprise AMP Financials 10/21/2009 2090 1950 -7%
Thomson Reuters

Data Source:Thomson Reuters

Send comments to bythenumbers@cnbc.com

Symbol
Price
 
Change
%Change
S&P 500
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ATI
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CAT
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GE
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JPM MLP ETN
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MO
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PNC
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REG
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SLIM CPI NT
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WFC
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ZION
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BTU
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MS
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BSX
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PLD
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CNX
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PH
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SNDK
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HOG
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GS
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