With the stream of results coming in, analysts are matching up their numbers with the actual results. A survey carried out by Reuters Estimates Asia, a part of the Reuters the global information company indicate that there are more number of positive surprises.
For the week ended October 20, of the 39 results that were declared, around 25 companies outperformed analysts estimates for earnings per share growth. On the revenues front, around 21 companies did better that analysts expected them to do.
Clearly, Bajaj Auto outshone here. The EPS it declared in the second quarter was better than analyst expectations by Rs 6.71, or 25% higher. Though there are other companies, who in the same period have better score in terms of percentages, but in sheer rupee quantum Bajaj Auto scores ahead. Sound performance in generating income saw IDFC beat analyst expectations, however at the EPS level the performance just about met expectations. Strong demand for credit has seen players from the financial services sector depict better than expected performances. However, in the case of ICICI Bank, the largest private sector player, the EPS growth was around 7% better than expectations, but, income was a tad lower (1.56%) lower than what analysts had expected.