With Alcoa's report yesterday afternoon, the official start to earnings season is here. Alcoa reported EPS of $.44 / share, missing analyst estimates by $.04. So far about 30 companies or just over 5% of the S&P 500 have reported. ~75% have beaten analyst estimates, ~10% have hit estimates, and ~15% have missed.
Here are the latest forecasts from Thomson Financial for the S&P 500:
Here are some of the biggest EPS surprises in the past few weeks (not all S&P 500 companies):