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

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

Here's how things stand:

• Companies Exceeding Estimates: 65%
• Companies Matching Estimates: 8%
• Companies Falling Below Estimates: 27%

Compared to just over a week ago when only 40% had reported, the breakdown has shifted with an increase in companies beating vs. meeting estimates.  Textron has had the biggest percent surprise to the upside followed by Caterpillar , and Bank of America.  In absolute dollars, financials take 4 of the 5 top spots on the leaderboard.  After BAC's surprise of nearly $2.5 billion, Ford follows with its $1.4 billion surprise.  Citigroup's $876 million surprise is next. 

Wynn Resorts has taken the lead in downside surprises followed by three financials: CB Richard Ellis ,  Sallie Mae , and Janus Capital .  In absolute dollars, financials get a 5 for five sweep led by Huntington Bancshares' miss over $2.4 billion followed by Suntrust Banks' $656 million negative surprise.  

Source:Thomson Reuters

Send comments to [e-mail]