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

As of this morning, 93 of the S&P 500 companies (just under 20%) have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 67 or 72%
  • Companies Matching Estimates: 9 or 10%
  • Companies Falling Below Estimates: 17 or 18%

So far, the Tech sector has had some of the biggest surprises to the upside, with Novellus reporting EPS that was 300% above expectations. In absolute dollars, Citigroup leads with its $986 million surprise followed by Goldman Sachs with a $519 million surprise.

Earnings Leaderboard - Best Performers (as of 7/21)

EPS Est.
Novellus NVLS Tech 14-Jul 0.04 0.16 300%
Mattel MAT Cons Disc 18-Jul 0.02 0.03 50%
Goldman Sachs GS Financials 17-Jun 3.42 4.58 34%
National Semiconductor NSM Tech 5-Jun 0.26 0.34 31%
Jabil Circuit JBL Tech 24-Jun 0.20 0.26 30%
Thomson Reuters

On the downside, the banks lead the losers with Zions Bancorp reporting the biggest miss in that sector, off by 12%. In absolute dollars, Merrill is the biggest loser with its $2.9 billion downside surprise. KB Homes follows with its downside surprise of $183 million.

Source:Thomson Reuters