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

Yesterday we passed the earnings season midpoint and now ~60% of the S&P 500 companies have reported earnings.

Here's how things stand so far:

  • Companies Exceeding EPS Estimates: 80%
  • Companies Matching EPS Estimates: 6%
  • Companies Falling Below EPS Estimates: 14%

At the same point last quarter, 14% 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 Capital One and Sallie Mae . 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 - Best Performers (as of 10/29 am)

Company
Symbol
Sector
Date
EPS Est.
Actual
%Chg
Caterpillar CAT Industrials 10/20/2009 0.06 0.64 967%
Capital One COF Financials 10/22/2009 0.14 0.94 571%
Sallie Mae SLM Financials 10/20/2009 0.04 0.26 550%
AK Steel AKS Materials 10/27/2009 0.01 0.06 500%
PNC Financial PNC Financials 10/22/2009 0.31 1.00 223%
Thomson Reuters

On the downside, Massey Energy overtook Pittsburgh based Allegheny Technologies to lead the losers, reporting a -122% miss. In absolute dollars, Bank of America leads with its $433 million negative surprise.

Earnings - Biggest Losers (as of 10/29 am)

Company
Symbol
Sector
Rpt Date
EPS Est.
Actual
%Chg
Massey Energy MEE Energy 10/27/2009 0.18 -0.04 -122%
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%
Genzyme GENZ Healthcare 10/21/2009 0.44 0.31 -30%
CONSOL Energy CNX Energy 10/22/2009 0.66 0.48 -27%
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: 61%
  • Companies Matching Revenue Estimates: 0%
  • Companies Falling Below Revenue Estimates: 39%

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, Morgan Stanley leads in biggest revenue surprises. ConocoPhillips's $5.9 billion surprise is the biggest to date in terms of dollars.

Revenue - Best Performers (as of 10/29 am)

Company
Symbol
Sector
Date
Rev Est. ($M)
Actual
%Chg
Morgan Stanley MS Financials 10/21/2009 7001 8675 24%
Sandisk SNDK Tech 10/20/2009 789 935 18%
Sallie Mae SLM Financials 10/20/2009 583 690 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, Utilities lead the biggest percentage surprises with Public Services Enterprise Group taking the top spot. CNBC parent, General Electric leads in dollar terms missing estimates by $1.7 B.

Revenue - Biggest Losers (as of 10/29 am)

Company
Symbol
Sector
Rpt Date
Rev Est. ($M)
Actual
%Chg
Public Svc Enterprise Group PEG Utilities 10/28/2009 4669 3039 -35%
SCANA SCG Utilities 10/27/2009 1286 921 -28%
Entergy ETR Utilities 10/22/2009 3903 2937 -25%
Range Resources RRC Energy 10/21/2009 261 204 -22%
Exelon EXC Utilities 10/23/2009 5358 4355 -19%
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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C
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CAT
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COF
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GE
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JPM MLP ETN
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MS
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PEG
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SLIM CPI NT
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WFC
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EXC
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ETR
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SCG
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AKS
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ZION
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BTU
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PLD
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CNX
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PH
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SNDK
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PNC
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HOG
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GS
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