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

As of this morning, 237 companies or nearly 50% of the S&P 500 have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 56%
  • Companies Matching Estimates: 8%
  • Companies Falling Below Estimates: 35%

Compared to a week ago when only 20% had reported, the breakdown has shifted with a larger increase in companies beating vs. missing estimates (see last week's review here). On a percentage basis, steel players Nucor and US Steel lead the list of upside surprises. In absolute dollars, healthcare and tech rule. Pfizer leads with its $405 million surprise followed by Apple's $347 million surprise. IBM and Merck are next in line with $336 and $275 million surprises respectively.

Earnings Leaderboard - Best Performers (as of 2/03)

EPS Est.
Nucor NUE Materials 1/27/2009 0.12 0.34 183%
US Steel X Materials 1/27/2009 0.71 2.00 1.29
Texas Instruments TXN Tech 1/26/2009 0.12 0.21 75%
Janus Capital JNS Financials 1/22/2009 0.03 0.05 67%
Monsanto MON Materials 1/7/2009 0.59 0.98 66%
Thomson Reuters

On the downside, Financials continue to 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 Wells Fargo's $4.7 billion downside surprises.

Source:Thomson Reuters

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