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

As of yesterday afternoon, 91 companies or roughly 18% of the S&P 500 have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 52%
  • Companies Matching Estimates: 9%
  • Companies Falling Below Estimates: 40%

Compared to the same point in last earnings season, the breakdown has shifted with a larger increase in companies missing vs. beating estimates. Financials lead the surprises to the upside and downside on a percentage basis. Janus Capital has had the biggest surprise to the upside followed by Monsanto . In absolute dollars, tech rules. Apple leads with its $347 million surprise followed by IBM's $336 million surprise.

Earnings Leaderboard - Best Performers (as of 1/26)

EPS Est.
Janus Capital JNS Financials 1/22/2009 0.03 0.05 67%
Monsanto MON Materials 1/7/2009 0.59 0.98 66%
Southwest Airlines LUV Industrials 1/22/2009 0.05 0.08 60%
Northern Trust NTRS Financials 1/21/2009 0.92 1.39 51%
Darden Restaurants DRI Cons Disc 12/18/2008 0.30 0.44 47%
Thomson Reuters

On the downside, Financials 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 Bank of America's $3.1 billion downside surprises.

Source:Thomson Reuters

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