For the second calendar quarter, 482 S&P 500 companies have posted earnings as of Aug. 23. 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 17.7%.
For companies that have announced earnings in the latest quarter, 39.2% have shown double-digit or better year-over-year percentage growth, while nine 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 was 2.0% as of Aug. 23. Sectors leading the growth trend were real estate with 55.4%, financials with 9.4% and healthcare with 9.3%.
S&P 500 companies that have yet to announce the latest quarterly results with the largest expected earnings growth include Autodesk Inc. with 223.4%, Campbell Soup Co. with 64.7%, and Copart Inc. with 36.8%.
The companies getting ready to report that will have the most upward revisions are Best Buy Co. Inc., Dollar Tree Inc. and PVH Corp., with three upward revisions, each.
Companies with the greatest potential upside based on S&P Global Market Intelligence consensus target prices are Nektar Therapeutics at 148.5%, DXC Technology Co. with 72.8%, and Cimarex Energy Co. with 72.7%.
Lowe's Cos. Inc. reported earnings of $2.15, above the consensus estimate of $2.00. Earnings was up by 3.9% year over year. The company reported total revenue of $20.99 billion, slightly above the consensus estimate of $20.96 billion. Total revenue increased by 0.5% year over year. Share price closed at $106.39, down by 1.5% since earnings disclosure on Aug. 21.

Home Depot Inc. reported earnings of $3.17, above the consensus estimate of $3.08. Earnings ticked up by 3.9% year over year. The company reported total revenue of $30.84 billion, below the consensus estimate of $30.98 billion. Total revenue moved up by 1.2% year over year.





