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

As of this morning, just over 10% of the S&P 500 companies have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 64%
  • Companies Matching Estimates: 5%
  • Companies Falling Below Estimates: 31%

Compared to the start of last earnings season, the breakdown has shifted with a significantly larger increase in companies beating vs. missing estimates. Bank of America has had the biggest percent surprise to the upside followed by Intel and Goldman Sachs . In absolute dollars, financials sit atop the leaderboard. After BAC's surprise of nearly $2.6 billion, Citigroup follows with its $876 million surprise. Goldman's $808 million surprise is next.

Earnings Leaderboard - Best Performers (as of 4/20)

Company
Symbol
Sector
Date
EPS Est.
Actual
%Chg
Bank of America BAC Financials 4/20/2009 0.04 0.44 1000%
Intel INTC Tech 4/14/2009 0.03 0.11 267%
Goldman Sachs GS Financials 4/13/2009 1.64 3.39 107%
Carnival Corp CCL Cons Disc 3/24/2009 0.19 0.33 74%
PPG Industries PPG Materials 4/16/2009 0.14 0.19 36%
Thomson Reuters

On the downside, Peabody Energy leads the losers, reporting a 47% miss. In absolute dollars, Micron Technology leads with its $137 million negative surprise followed by Peabody's $118 million downside surprises.

Earnings Leaderboard - Biggest Losers (as of 4/20)

Company
Symbol
Sector
Rpt Date
EPS Est.
Actual
%Chg
Peabody Energy BTU Energy 4/15/2009 0.94 0.50 -47%
Fedex FDX Indusrials 3/19/2009 0.46 0.31 -33%
Intuitive Surgical ISRG Healthcare 4/16/2009 1.02 0.72 -29%
Parker Hannifin PH Industrials 4/16/2009 0.44 0.33 -25%
People's United PBCT Financials 4/16/2009 0.10 0.08 -20%
Thomson Reuters

Source:Thomson Reuters

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