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

As of this past Friday, just over 10% of the S&P 500 companies had reported earnings. This week we will see roughly 30% more of the S&P report.

Here's how things stand so far:

  • Companies Exceeding Estimates: 71%
  • Companies Matching Estimates: 9%
  • Companies Falling Below Estimates: 20%

Compared to the start of last earnings season, the breakdown has shifted with a significantly larger increase in companies beating vs. missing estimates. At the same point last quarter, over 30% of the companies reporting had missed EPS estimates and just over 60% had beaten estimates.

JP Morgan Chase has had the biggest percent surprise to the upside followed by Janus Capital and Goldman Sachs . In absolute dollars, financials sit atop the leaderboard. After JP Morgan's surprise of nearly $936 million, Goldman follows with its $700 million surprise. Bank of America's $432 million surprise is next.

On the downside, Intel leads the losers, reporting a -188% miss. In absolute dollars, Intel also leads with its $838 million negative surprise followed by Micron Technologies' $119 million downside surprises.

Earnings Leaderboard - Biggest Losers (as of 7/17)

Rpt Date
EPS Est.
Intel INTC Tech 7/14/2009 0.08 -0.07 -188%
Xilinx XLNX Tech 7/15/2009 0.18 0.14 -22%
Fastenal FAST Industrials 7/13/2009 0.33 0.29 -12%
Walgreens WAG Cons Stpls 6/22/2009 0.56 0.53 -5%
Paychex PAYX Tech 6/24/2009 0.33 0.32 -3%
Thomson Reuters

Source:Thomson Reuters

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