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

As of this morning, over 80% of the S&P 500 companies have reported earnings.

Here's how things stand so far:

  • Companies Exceeding Estimates: 74%
  • Companies Matching Estimates: 8%
  • Companies Falling Below Estimates: 18%

Compared to the same point in time last earnings season, the breakdown has shifted with a significantly larger increase in companies beating vs. missing estimates.

Hess , MeadWestvaco and Plum Creek Timber have passed Sallie Mae with the biggest percent surprises. In absolute dollars, financials take 4 of the top 5 slots in the leaderboard. Citigroup leads with $4.7 billion surprise followed by Wells Fargo's $1.1 billion and JP Morgan's surprise of nearly $936 million. Ford is the only non-financial on the list, with an $869 million surprise.

Earnings Leaderboard - Best Performers (as of 8/5)

Company
Symbol
Sector
Date
EPS Est.
Actual
%Chg
Hess HES Energy 7/29/2009 0.01 0.40 3900%
MeadWestvaco MWV Materials 7/29/2009 0.01 0.22 2100%
Plum Creek Timber PCL Finanacials 7/27/2009 0.02 0.19 850%
Sallie Mae SLM Financials 7/21/2009 0.04 0.31 675%
JP Morgan Chase JPM Financials 7/16/2009 0.04 0.28 600%
Thomson Reuters

On the downside, Intel leads the losers, reporting a -188% miss. In absolute dollars, Exxon Mobil passed Intel with its $927 million negative surprise. Morgan Stanley's $825 million downside surprises ranks third.

Earnings Leaderboard - Biggest Losers (as of 8/5)

Company
Symbol
Sector
Rpt Date
EPS Est.
Actual
%Chg
Intel INTC Tech 7/14/2009 0.08 -0.07 -188%
Kimco Realty KIM Financials 7/30/2009 0.32 -0.17 -153%
Cincinnati Fin. CINF Financials 7/30/2009 0.18 -0.03 -117%
Genworth Fin. GNW Financials 7/30/2009 0.16 0.02 -88%
PNC Fin Svcs PNC Financials 7/23/2009 0.46 0.14 -70%
Thomson Reuters

Source:Thomson Reuters

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