For the second quarter, 462 S&P 500 companies have posted earnings as of Aug. 15. 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, 40.0% have shown double-digit or better year-over-year percentage growth, while nine 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. 15. Sectors leading the growth trend include real estate with 52.1%, 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 Nektar Therapeutics with 139.8%, DXC Technology Co. with 89.6%, and Cimarex Energy Co. with 77.1%.
Walmart Inc. reported earnings per share of $1.27, above the consensus estimate of $1.22. Earnings dropped 1.6%, year over year. The company reported total revenue of $129.39 billion, above the consensus estimate of $129.32 billion. Total revenue ticked up by 1.8% year over year.
Meanwhile, Cisco Systems Inc. reported EPS of $0.83, above the consensus estimate of $0.82. Earnings were up by 18.6%, year over year. The company reported total revenue of $13.43 billion, above the consensus estimate of $13.39 billion. Total revenue jumped up by 4.5% year over year. The company's share price fell 8.6% on Aug. 15, the day after it announced earnings, but recovered 1.5% to $46.96 on Aug. 16.