By the Numbers

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

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As of yesterday afternoon, 338 companies or nearly 70% of the S&P 500 have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 56%
  • Companies Matching Estimates: 8%
  • Companies Falling Below Estimates: 36%

Compared to two weeks ago when only 20% had reported, the breakdown has shifted with a larger increase in companies beating vs. missing estimates.  On a percentage basis, steel players US Steel and Nucor lead the list of upside surprises.  In absolute dollars, energy and tech rule.  Chevron's $549 million surprise passes Pfizer's $405 million surprise followed by Marathon Oil's $381 million and Apple's $347 million surprise.  IBM is next in line with a $336 surprise.

On the downside, Financials continue to take all 5 of the 5 worst surprises.  Fifth Third leads the losers, reporting the biggest miss in that sector, off by a whopping 38,000%.  In absolute dollars, Citigroup leads with its $6.3 billion negative surprise followed by Regions Financial's $6.2 billion and Wells Fargo's $4.7 billion downside surprises.  

Source:Thomson Reuters

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