Latest data from financial data firm FactSet said an earnings per share growth of 15 percent or more is already considered an unusually strong result rather than a normal earnings outcome.
Through July 24, 86 percent of the S&P 500 companies that reported second-quarter earnings exceeded analyst expectations, well above the 10-year average of 76 percent. Yet, despite the high percentage, the aggregate earnings surprise—excluding an unusually large individual outlier—was only 12.6 percent, indicating that while earnings beats have been widespread, the magnitude of those beats was generally modest.
The same pattern is evident in this quarter’s earnings season. On August 5 alone, more than 550 companies reported second-quarter earnings results, yet only 76 of them delivered EPS surprises.
76. Transocean Ltd. (NYSE:RIG)
Transocean Ltd. (NYSE:RIG) posted EPS of $0.03, beating analyst predictions by $0.02.
75. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
SolarEdge Technologies, Inc. (NASDAQ:SEDG) surprised Wall Street with EPS of $0.05, beating estimates by $0.05.
74. The Honest Company, Inc. (NASDAQ:HNST)
The Honest Company, Inc. (NASDAQ:HNST) cracked past EPS estimates, finishing at EPS of $0.09, and topping expectations by $0.09.
73. Pattern Group Inc. (NASDAQ:PTRN)
Pattern Group Inc. (NASDAQ:PTRN) posted EPS of $0.15, beating expectations by $0.03.
72. Universal Technical Institute, Inc. (NYSE:UTI)
Universal Technical Institute, Inc. (NYSE:UTI) surprised Wall Street with EPS of $0.04, better by $0.02 than what Wall Street expected.
71. Vishay Intertechnology, Inc. (NYSE:VSH)
Vishay Intertechnology, Inc. (NYSE:VSH) exceeded EPS expectations by $0.05, having ended the second quarter at $0.19.
70. Amtech Systems, Inc. (NASDAQ:ASYS)
Amtech Systems, Inc. (NASDAQ:ASYS) registered EPS of $0.14, topping estimates by $0.04.
69. Figma, Inc. (NYSE:FIG)
Figma, Inc. (NYSE:FIG) posted EPS of $0.08 for the second quarter, topping expectations by $0.04.
68. Envela Corporation (NYSE:ELA)
Envela Corporation (NYSE:ELA) topped analyst targets by $0.04, ending at $0.16 EPS.
67. Inspired Entertainment, Inc. (NASDAQ:INSE)
Inspired Entertainment, Inc. (NASDAQ:INSE) exceeded estimates with $0.05 EPS, exceeding expectations by $0.06. Analysts had expected losses of $0.01.
66. Trupanion, Inc. (NASDAQ:TRUP)
Trupanion, Inc. (NASDAQ:TRUP) shattered consensus estimates of $0.11, beating analyst predictions by $0.05 to end at $0.16.
65. Gilat Satellite Networks Ltd. (NASDAQ:GILT)
Gilat Satellite Networks Ltd. (NASDAQ:GILT) surprised Wall Street with EPS of $0.20, shattering predictions by $0.10.
64. Alto Ingredients, Inc. (NASDAQ:ALTO)
Alto Ingredients, Inc. (NASDAQ:ALTO) cracked past earnings expectations of $0.09, posting EPS of $0.15, or higher by $0.06.
63. Ring Energy, Inc. (NYSE:REI)
Ring Energy, Inc. (NYSE:REI) registered $0.10 EPS in the second quarter, beating expectations by $0.06.
62. Xperi Inc. (NYSE:XPER)
Xperi Inc. (NYSE:XPER) surprised Wall Street with $0.28 EPS, better by $0.07 than the $0.21 as expected by analysts.
61. TAT Technologies Ltd. (NASDAQ:TATT)
TAT Technologies Ltd. (NASDAQ:TATT) surprised Wall Street with $0.61 EPS, better by $0.31 than the $0.30 as expected by analysts.
60. NN, Inc. (NASDAQ:NNBR)
NN, Inc. (NASDAQ:NNBR) ended at $0.11 EPS, topping estimates by $0.10.
59. Chime Financial, Inc. (NASDAQ:CHYM)
Chime Financial, Inc. (NASDAQ:CHYM) posted EPS of $0.07 for the second quarter, exceeding expectations by $0.07.
58. Solaris Energy Infrastructure, Inc. (NYSE:SEI)
Solaris Energy Infrastructure, Inc. (NYSE:SEI) topped analyst targets on EPS by $0.08, ending at $0.39.
57. Fastly, Inc. (NASDAQ:FSLY)
Fastly, Inc. (NASDAQ:FSLY) cracked past analyst expectations in the second quarter of the year, ending at $0.15 and topping expectations by $0.08.
56. Clear Secure, Inc. (NYSE:YOU)
Clear Secure, Inc. (NYSE:YOU) posted EPS of $0.49, beating analyst predictions by $0.10.
55. Holley Inc. (NYSE:HLLY)
Holley Inc. (NYSE:HLLY) surprised Wall Street with EPS of $0.20, better by $0.08 than the consensus.
54. Oportun Financial Corporation (NASDAQ:OPRT)
Oportun Financial Corporation (NASDAQ:OPRT) registered EPS of $0.42, topping expectations by $0.09.
53. Mueller Water Products, Inc. (NYSE:MWA)
Mueller Water Products, Inc. (NYSE:MWA) posted EPS of $0.50, beating expectations by $0.11.
52. Bloomin’ Brands, Inc. (NASDAQ:BLMN)
Bloomin’ Brands, Inc. (NASDAQ:BLMN) surprised Wall Street with EPS of $0.39, exceeding expectations by $0.10.
51. CrossAmerica Partners LP (NYSE:CAPL)
CrossAmerica Partners LP (NYSE:CAPL) blew past consensus estimates, posting EPS of $0.52, topping expectations by $0.14.
50. Shake Shack Inc. (NYSE:SHAK)
Shake Shack Inc. (NYSE:SHAK) surprised Wall Street with EPS of $0.43, beating estimates by $0.13.
49. Black Hills Corporation (NYSE:BKH)
Black Hills Corporation (NYSE:BKH) blew past consensus estimates, posting EPS of $0.54, topping expectations by $0.13.
48. Onterris, Inc. (NYSE:ONT)
Onterris, Inc. (NYSE:ONT) posted EPS of $0.51 in the second quarter of the year, beating expectations by $0.13.
47. Array Technologies, Inc. (NASDAQ:ARRY)
Array Technologies, Inc. (NASDAQ:ARRY) surprised Wall Street with EPS of $0.24, exceeding expectations by $0.12.
46. Permian Resources Corporation (NYSE:PR)
Permian Resources Corporation (NYSE:PR) topped analyst targets in the second quarter, ending at $0.93 EPS versus $0.59 as expected by Wall Street.
45. Warner Music Group Corp. (NASDAQ:WMG)
Warner Music Group Corp. (NASDAQ:WMG) blew past analyst estimates on EPS in the second quarter, finishing at EPS of $0.51, exceeding predictions by $0.10.
44. Freshpet, Inc. (NASDAQ:FRPT)
Freshpet, Inc. (NASDAQ:FRPT) shattered consensus estimates on EPS in the second quarter results, ending at $0.39, beating analyst predictions by $0.17.
43. Kemper Corporation (NYSE:KMPR)
Kemper Corporation (NYSE:KMPR) surprised Wall Street with EPS of $0.45, beating estimates by $0.11.
42. TWFG, Inc. (NASDAQ:TWFG)
TWFG, Inc. (NASDAQ:TWFG) blew past consensus estimates, posting EPS of $0.38, topping expectations by $0.13.
41. News Corporation (NASDAQ:NWSA)
News Corporation (NASDAQ:NWSA) posted EPS of $0.35 in the second quarter of the year, beating expectations by $0.12.
40. BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX)
BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) surprised Wall Street with EPS of $0.30, exceeding expectations by $0.18.
39. Etsy, Inc. (NYSE:ETSY)
Etsy, Inc. (NYSE:ETSY) exceeded consensus EPS estimates by $0.25, finishing at $0.98.
38. Medline Inc. (NASDAQ:MDLN)
Medline Inc. (NASDAQ:MDLN) registered $0.50 EPS, topping estimates by $0.18.
37. Allient Inc. (NASDAQ:ALNT)
Allient Inc. (NASDAQ:ALNT) posted EPS of $0.61 for the second quarter, topping expectations by $0.17.
36. Perrigo Company plc (NYSE:PRGO)
Perrigo Company plc (NYSE:PRGO) posted $0.50 EPS, topping expectations by $0.15.
35. Ormat Technologies, Inc. (NYSE:ORA)
Ormat Technologies, Inc. (NYSE:ORA) exceeded EPS expectations by $0.25, finishing at $0.50.
34. Miller Industries, Inc. (NYSE:MLR)
Miller Industries, Inc. (NYSE:MLR) ended at $0.63 EPS, beating analyst predictions by $0.27.
33. Mativ Holdings, Inc. (NYSE:MATV)
Mativ Holdings, Inc. (NYSE:MATV) posted $0.50 EPS, beating estimates by $0.22.
32. Star Bulk Carriers Corp. (NASDAQ:SBLK)
Star Bulk Carriers Corp. (NASDAQ:SBLK) posted EPS of $1.21, topping expectations by $0.32.
31. Legacy Housing Corporation (NASDAQ:LEGH)
Legacy Housing Corporation (NASDAQ:LEGH) ended at $0.99 EPS, beating expectations by $0.24.
30. Capri Holdings Limited (NYSE:CPRI)
Capri Holdings Limited (NYSE:CPRI) registered $0.67 EPS, exceeding expectations by $0.27.
29. NCR Atleos Corporation (NYSE:NATL)
NCR Atleos Corporation (NYSE:NATL) exceeded EPS expectations by $0.52, ending at $1.49.
28. Sunrun Inc. (NASDAQ:RUN)
Sunrun Inc. (NASDAQ:RUN) topped EPS estimates by $0.24, finishing at $0.42.
27. Materion Corporation (NYSE:MTRN)
Materion Corporation (NYSE:MTRN) posted EPS of $1.90 for the second quarter, topping expectations by $0.38.
26. Tutor Perini Corporation (NYSE:TPC)
Tutor Perini Corporation (NYSE:TPC) topped analyst targets on EPS by $0.48, ending at $1.74.
25. Victory Capital Holdings, Inc. (NASDAQ:VCTR)
Victory Capital Holdings, Inc. (NASDAQ:VCTR) posted $2.21 EPS in the second quarter of the year, $0.42 higher than consensus estimates.
24. SiTime Corporation (NASDAQ:SITM)
SiTime Corporation (NASDAQ:SITM) posted EPS of $2.34, beating analyst predictions by $0.39.
23. Kinetik Holdings Inc. (NYSE:KNTK)
Kinetik Holdings Inc. (NYSE:KNTK) surprised Wall Street with EPS of $0.64, beating estimates by $0.39.
22. Occidental Petroleum Corporation (NYSE:OXY)
Occidental Petroleum Corporation (NYSE:OXY) cracked past EPS estimates, finishing at EPS of $2.40, and topping expectations by $0.55.
21. Horace Mann Educators Corporation (NYSE:HMN)
Horace Mann Educators Corporation (NYSE:HMN) posted EPS of $1.17, beating expectations by $0.44.
20. Avnet, Inc. (NASDAQ:AVT)
Avnet, Inc. (NASDAQ:AVT) surprised Wall Street with EPS of $2.28, better by $0.51 than what Wall Street expected.
19. WW International, Inc. (NASDAQ:WW)
WW International, Inc. (NASDAQ:WW) exceeded EPS expectations by $0.74, having ended the second quarter at $1.41.
18. Matador Resources Company (NYSE:MTDR)
Matador Resources Company (NYSE:MTDR) registered EPS of $2.61, topping estimates by $0.52.
17. Solventum Corporation (NYSE:SOLV)
Solventum Corporation (NYSE:SOLV) posted EPS of $2.55 for the second quarter, topping expectations by $0.64.
16. BeOne Medicines AG (NASDAQ:ONC)
BeOne Medicines AG (NASDAQ:ONC) topped analyst targets by $2.21, ending at $3.84 EPS.
15. Kennametal Inc. (NYSE:KMT)
Kennametal Inc. (NYSE:KMT) exceeded estimates with $2.96 EPS, exceeding expectations by $0.65.
14. CVS Health Corporation (NYSE:CVS)
CVS Health Corporation (NYSE:CVS) shattered consensus estimates of $1.85, beating analyst predictions by $0.73 to end at $2.58.
13. Clearway Energy, Inc. (NYSE:CWEN)
Clearway Energy, Inc. (NYSE:CWEN) surprised Wall Street with EPS of $1.00, shattering predictions by $0.57.
12. Remitly Global, Inc. (NASDAQ:RELY)
Remitly Global, Inc. (NASDAQ:RELY) cracked past earnings expectations of $0.12, posting EPS of $0.93, or higher by $0.81.
11. Owens Corning (NYSE:OC)
Owens Corning (NYSE:OC) registered $3.93 EPS in the second quarter, beating expectations by $0.84.
10. agilon health, inc. (NYSE:AGL)
agilon health, inc. (NYSE:AGL) surprised Wall Street with $1.04 EPS, better by $1.01 than the $0.03 expected by analysts.
9. Riley Exploration Permian, Inc. (NYSE:REPX)
Riley Exploration Permian, Inc. (NYSE:REPX) surprised Wall Street with $4.11 EPS, better by $2.47 than the $1.64 as expected by analysts.
8. e.l.f. Beauty, Inc. (NYSE:ELF)
e.l.f. Beauty, Inc. (NYSE:ELF) ended at $1.75 EPS, topping estimates by $1.03.
7. Heritage Insurance Holdings, Inc. (NYSE:HRTG)
Heritage Insurance Holdings, Inc. (NYSE:HRTG) posted EPS of $2.05 for the second quarter, exceeding expectations by $0.96.
6. CACI International Inc (NYSE:CACI)
CACI International Inc (NYSE:CACI) topped analyst targets on EPS by $1.68, ending at $8.91.
5. Phillips 66 (NYSE:PSX)
Phillips 66 (NYSE:PSX) cracked past analyst expectations in the second quarter of the year, ending at $9.41 and topping expectations by $1.91.
4. Traeger, Inc. (NYSE:COOK)
Traeger, Inc. (NYSE:COOK) posted EPS of $0.53, beating analyst predictions by $2.10. Analysts had expected losses of 1.57.
3. The Allstate Corporation (NYSE:ALL)
The Allstate Corporation (NYSE:ALL) surprised Wall Street with EPS of $8.99, better by $2.92 than the consensus.
2. Delek US Holdings, Inc. (NYSE:DK)
Delek US Holdings, Inc. (NYSE:DK) registered EPS of $5.48, topping expectations by $2.84.
1. Howard Hughes Holdings Inc. (NYSE:HHH)
Howard Hughes Holdings Inc. (NYSE:HHH) posted EPS of $2.68, beating expectations by $1.69. Revenues over the period were more than $1.1 billion, topping estimates by $650 million.
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