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S&P 500 Constituent Earnings Update

Garrett Cook

Earnings season has passed and it’s no secret most firms beat on estimates that were gradually revised downward.

Of the 497 S&P 500 constituents that have reported during Q1 2014, 67 percent reported earnings better than the street expected and collectively surprised analysts with a 9.9 percent EPS beat. Forty-five percent of 497 reporting firms reported double-digit year-over-year growth with 18 companies altogether exceeding 100 percent year-over-year growth.

Looking ahead into Q2, three firms stand out for their expected large growth in earnings, according to consensus estimates compiled by Capital IQ.

Those three are:

Micron Technologies (NASDAQ: MU) expected to grow 615.2 percent.
Vulcan Materials (NYSE: VMC) expected to grow 345.9 percent.
Apartment Investment & Management (NYSE: AIV) 276.9 percent.

Revision trends in the past month:

Cisco Systems (NASDAQ: CSCO) revised upward 31 times.
Broadcom (NASDAQ: BRCM) revised upward 18 times.
Analog Devices (NASDAQ: ADI) revised upward 17 times.

Top 10 Companies With Largest Y/Y Growth For CQ1 2014

Top 10 Companies With Largest Y/Y Declines For CQ1 2014

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