As of this morning, 389 of the S&P 500 companies (just under 80%) have reported earnings.
Here's how things stand:
- Companies Exceeding Estimates: 247 or 63%
- Companies Matching Estimates: 42 or 11%
- Companies Falling Below Estimates: 100 or 26%
Joining Southwest at the top of the list of biggest surprises to date is Tyson Foods reporting EPS that was 500% above expectations. In absolute dollars, Ford leads with its $1.0 billion surprise followed by Morgan Stanley and Goldman Sachs with their $444 and $295 million respective surprises.