By the Numbers

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

So far 364 of the S&P 500 companies (just under 75%) have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 219 or 60%
  • Companies Matching Estimates: 49 or 13%
  • Companies Falling Below Estimates: 96 or 26%

So far, it is the tech sector that has the biggest surprises to the upside, with Lexmark reporting EPS that was 122% above expectations.  In absolute dollars, Exxon still leads with its $982 million surprise.  Disney surprised last week by $219 million.

On the downside, the banks lead the losers with Sallie Mae reporting the biggest miss in that sector, off by 165%.  The biggest surprise overall has been Tesoro which missed by 1,550%. In absolute dollars, Merrill Lynch is still the biggest loser with its $6.3 billion downside surprise. 

Source:Thomson Financial