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S&P 500 earnings for the week of Aug. 12: Walmart & Cisco set to report

For the second quarter, 449 S&P 500 companies have posted earnings as of Aug. 9. Of those, 74% reported earnings that beat Wall Street expectations, according to S&P Global Market Intelligence's analyst polling.

In the previous quarter, 75% of S&P 500 companies beat consensus estimates, with the S&P 500 collectively recording an EPS surprise of 17.8%.

For companies that have announced earnings in the latest quarter, 40.3% have shown double-digit or better year-over-year percentage growth, while eight have exceeded the 100% growth mark.

The blended growth rate for the S&P 500, which reflects all sectors on an aggregate level, for the second calendar quarter of 2019 was 1.7% as of Aug. 9. Sectors leading the growth trend include real estate with 51.5%, financials with 9.4% and healthcare with 9.1%.

S&P 500 companies that have yet to announce the latest quarterly results with the largest expected earnings growth include Autodesk Inc. with 224.6%, Campbell Soup Co. with 64.8%, and Copart Inc. with 36.8%.

The companies getting ready to report that will have the most upward revisions include Nordstrom Inc. and The Estée Lauder Cos. Inc. with three upward revisions each, and Deere & Co. with two upward revisions.

Those with the largest quarterly percentage change in EPS will include Amcor Ltd. with 6.7%, Hormel Foods Corp. with 1.4%, and Nordstrom Inc. with 0.5%.

Finally, companies with the greatest potential upside based on S&P Global Market Intelligence consensus target prices include Nektar Therapeutics with 213.3%, DXC Technology Co. with 91.5%, and Cimarex Energy Co. with 72.3%.

American International Group Inc. reported EPS of $1.43, well above the consensus estimate of $1.16. Earnings were up by 36.2%, year over year. The company reported total revenue of $12.56 billion, above the consensus estimate of $12.07 billion. Total revenue jumped up by 8.0% year over year. Share price closed at $56.82, up by 4.4% since the earnings disclosure Aug. 7, 2019.

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Walt Disney Co. reported earnings of $1.35, well below the consensus estimate of $1.74. Earnings dropped 27.8% year over year. The company reported total revenue of $20.25 billion, below the consensus estimate of $21.40 billion. Total revenue ticked up by 32.9% year over year.

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