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S&P 500 Earnings: Financials Outperform

Thursday, 23 Feb 2012 | 3:11 PM ET
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So far this earnings season, 446 companies in the S&P 500 index reported fourth-quarter results. Of those firms, 63 percent beat their estimates, while 26 percent missed and 11 percent matched.

The earnings surprise factor stands at 4 percent, while revenue, on average, has come 1 percent above estimates. Year-over-year revenue growth is 7 percent.

Compared to the same period a year ago, financial and utility companies have taken the lead, showing EPS growth above 17 percent, respectively.

On the other side of the spectrum, material and consumer staple firms have shown the least growth, down 23 percent and 14 percent, according to Thomson Reuters.

Sector Growth Rates

Sector EPS Growth
Financials 16.7%
Utilities 13.7%
Consumer Discretionary 10.3%
Materials 4.2%
Industrials 4.1%
Energy 3.8%
Technology 3%
Health Care 3%
Telecom Services -6.3%
Consumer Staples -9.5%
Total 6.9%

Top 5 Surprises (%)

Ticker Company Name EPS Est EPS Act % Difference
DHI DR Horton 0.04 0.13 233
LEN Lennar 0.04 0.08 100
COF Capital One 1.39 2.72 96
RF Regions Financial 0.08 0.14 82
STZ Constellation Brands 0.39 0.69 78

5 Largest Misses (%)

Ticker Company Name EPS Est EPS Act % Difference
BAC Bank of America 0.12 0.03 -75%
HAS Hasbro 0.08 0.04 -47%
MAT Mattel 0.07 0.06 -19%
MOS Mosaic 0.74 0.64 -14%
PGR Progressive 0.39 0.34 -13%
  Price   Change %Change
S&P 500
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GT
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WP Carey & LLC
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PHM
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COF
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WDC
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AMZN
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AAPL
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