For the second quarter, 499 S&P 500 companies have posted earnings as of Sept. 13. Of those, 75% reported earnings that beat Wall Street expectations, according to S&P Global Market Intelligence's analyst polling.
Collectively, these companies recorded a positive EPS surprise of 17.1%.
For companies that have announced earnings in the latest quarter, 39.3% have shown double-digit or better year-over-year percentage growth, while 10 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 2.1% as of Sept. 13. Sectors leading the growth trend include real estate with 55.4%, financials with 9.4% and healthcare with 9.3%.
Companies with the greatest potential upside based on S&P Capital IQ consensus target price include Nektar Therapeutics with 104.0%, DXC Technology Co. with 67.0%, and Centene Corp. with 58.6%.
Kroger Co. reported earnings of 44 cents per share, above the consensus estimate of 41 cents per share. Earnings jumped by 7.3%, year over year. The company reported total revenue of $28.17 billion, below the consensus estimate of $28.34 billion. Total revenue increased by 1.1% year over year. The company's share price closed at $26.23 on Sept. 13, increasing by 2.5% since earnings disclosure on Sept. 12.

Oracle Corp. reported earnings of 81 cents per share, matching the consensus estimate. Earnings were up by 14.1% year over year. The company reported total revenue of $9.22 billion, slightly below the consensus estimate of $9.29 billion. Total revenue ticked up by 0.2% year over year. The company's share price closed at $53.75 on Sept. 13, down by 4.5% since its earnings disclosure on Sept. 11.





