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

As of yesterday, over 40% of the S&P 500 companies have reported earnings.

Here's how things stand:

  • Companies Exceeding Estimates: 62%
  • Companies Matching Estimates: 11%
  • Companies Falling Below Estimates: 27%

Compared to just over a week ago when only 10% had reported, the breakdown has shifted with an increase in companies meeting estimates. Caterpillar has had the biggest percent surprise to the upside followed by Bank of America and Intel . In absolute dollars, financials take 4 of the 5 top spots on the leaderboard. After BAC's surprise of nearly $2.6 billion, Ford follows with its $1.4 billion surprise. Citigroup's $876 million surprise is next.

There are also three financials that lead the downside surprises. Sallie Mae leads the losers, with a 125% miss. In absolute dollars, financials get a 5 for five sweep led by Huntington Bancshares' miss over $2.4 billion followed by Suntrust Banks' $656 million negative surprise.

Earnings Leaderboard - Biggest Losers (as of 4/28)

Rpt Date
EPS Est.
Sallie Mae SLM Financials 4/22/2009 0.12 -0.03 -125%
Janus Capital JNS Financials 4/23/2009 0.06 0.02 -67%
Peabody Energy BTU Energy 4/15/2009 0.94 0.50 -47%
Invesco IVZ Financials 4/23/2009 0.14 0.08 -43%
International Game Technology IGT Cons Disc 4/23/2009 0.22 0.13 -41%
Thomson Reuters

Source:Thomson Reuters

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