By the Numbers

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

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As of this morning, over 80% of the S&P 500 companies have reported earnings.

Here's how things stand so far:

  • Companies Exceeding Estimates: 74%
  • Companies Matching Estimates: 8%
  • Companies Falling Below Estimates: 18%

Compared to the same point in time last earnings season, the breakdown has shifted with a significantly larger increase in companies beating vs. missing estimates.  

Hess , MeadWestvaco and Plum Creek Timber have passed Sallie Mae with the biggest percent surprises.  In absolute dollars, financials take 4 of the top 5 slots in the leaderboard.  Citigroup leads with $4.7 billion surprise followed by Wells Fargo's $1.1 billion and JP Morgan's surprise of nearly $936 million.   Ford is the only non-financial on the list, with an $869 million surprise.

On the downside, Intel leads the losers, reporting a -188% miss.  In absolute dollars, Exxon Mobil passed Intel with its $927 million negative surprise.  Morgan Stanley's $825 million downside surprises ranks third.  

Source:Thomson Reuters

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