By the Numbers

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

As of this morning, 143 of the S&P 500 companies (just under 30%) have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 88 or 62%
  • Companies Matching Estimates: 21 or 15%
  • Companies Falling Below Estimates: 34 or 24%

So far, the financial sector has had some of the biggest surprises to the upside, with Keycorp reporting EPS that was 54% above expectations.  In absolute dollars, Morgan Stanley still leads with its $444 million surprise followed by Goldman Sachs with a $295 million surprise. 

On the downside, the banks also lead the losers with Wachovia reporting the biggest miss in that sector, off by 135%.  In absolute dollars, Wachovia is still the biggest loser with its $1.0 billion downside surprise.  General Electric follows with its downside surprise of $700 million.

Source:Thomson Reuters