Earnings season is coming closer to an end now that ~80% 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, 18% of the companies reporting had missed EPS estimates and 74% had beaten estimates.
Dow component, Caterpillar has had the biggest percent surprise to the upside followed by Nicor and Sallie Mae . In absolute dollars, financials sit atop the leaderboard. After Citigroup's surprise of over $1.3 billion, Ford and JP Morgan Chase follow with ~$1.2 billion surprises each.