EPS Alpha: 10 Firms Beating Wall Street Estimates
FactSet data cited by FactSet and Reuters shows about 74% to 78% of S&P 500 firms typically beat EPS estimates each quarter, with average surprises around 7% to 8%. In Q1 2026, 84% beat and aggregate EPS was 18.2% above consensus. The article lists 10 Q2 2026 EPS beat outliers, including FGBI, FMAO, NBN, FSUN, HAPN, AGYS, APLD, SANM, AMKR, and FFIV.
How this was made
The 30-second read
Why it matters
It then lists 10 companies with quantified EPS beats, but does not provide guidance, revisions, or market reaction, limiting decision usefulness beyond confirming the surprise magnitude.
Market read
Useful as a quick reference for which names posted quantified EPS beats in Q2 2026, but lacks forward-looking catalysts.
What to watch
Traders typically need revenue, gross margin, backlog/bookings, credit quality (for banks), and forward guidance; none are provided here.
Background
The article frames earnings season statistics using FactSet and LSEG data, noting most S&P 500 firms beat EPS but large double-digit surprises are rarer.
Ticker impact
Article lists First Guaranty Bancshares EPS of $0.17, beating expectations by $0.08 in Q2 2026.
Mild positive bias versus peers that missed, with follow-through depending on guidance not provided here.
The article provides the beat magnitude but no guidance, margin, or forward outlook details to gauge durability.
Farmers & Merchants Bancorp reported EPS of $0.86, topping expectations by $0.19 in its latest quarter.
Slightly positive reaction potential, assuming the market was focused on consensus EPS.
Beat size is specified, but the article lacks revenue, credit quality, or guidance context.
FirstSun Capital Bancorp reported EPS of $0.45, beating expectations by $0.09 in Q2 2026.
Low-to-moderate positive bias near term.
The beat is quantified, but the article provides limited additional drivers.
Happen, Inc. posted EPS of $0.50, beating analyst targets by $0.08 in the second quarter.
Slight positive bias, contingent on whether other metrics also improved.
Only EPS and the beat amount are provided; no guidance or operating details.
Agilysys reported EPS of $0.49, beating expectations by $0.31 in the second quarter.
Potentially positive near-term reaction versus consensus expectations.
The surprise magnitude is meaningful, but the article omits revenue, bookings, and guidance.
Applied Digital ended at EPS of $0.04, beating analyst predictions by $0.23 in results released July 27.
Positive bias, especially if the market had priced in a worse EPS outcome.
The article provides the EPS and surprise amount, but not the underlying drivers or outlook.
Sanmina reported EPS of $3.31, beating estimates by $0.52 in results released July 27.
Moderately positive bias, subject to guidance not included here.
Beat magnitude is clear, but forward-looking details are missing.
Amkor Technology posted EPS of $0.70, topping expectations by $0.22 in the quarter.
Mild-to-moderate positive bias.
The article quantifies the beat but does not provide margins, demand signals, or guidance.
Market effects
Primarily reinforces that EPS beats are occurring across multiple small and mid-cap sectors, but provides no sector-wide guidance or macro read-through.
No specific regional linkage beyond US-listed earnings prints.
No direct global catalyst; the content is US earnings-surprise focused.
Counterpoint
EPS beats alone may not translate into sustained upside if guidance, margins, or cash flow were weak; the article omits those details.
Key entities
- data_providerFactSet
Used to describe historical EPS beat frequency and aggregate surprise magnitude.
- data_providerLSEG
Cited for Reuters-reported earnings-season beat statistics.
