NEW YORK--(BUSINESS WIRE)--Estimize, the buy side and independent analyst earnings estimates platform, today announced a licensing agreement with Bloomberg to feature Estimize’s earnings data on more than 900 publicly traded stocks via the Bloomberg Professional® service’s news and research feeds.
The agreement with Bloomberg further validates Estimize’s crowdsourcing model for earnings estimates, which have historically been more accurate than comparable Wall Street consensus estimate data sets more than 67% of the time, and over the first quarter of 2013, that percentage increased to nearly 70%. This superior accuracy is driven by the diverse range of analysts contributing on Estimize, comprised of hedge fund, institutional buy-side, independent research and individual investors. The firm was founded by a former hedge fund quantitative analyst in 2011 to improve upon for the inherently conflicted and often inaccurate estimates produced by the sell-side.
“Estimize is excited to license our earnings data sets to Bloomberg, the world’s most visible and respected provider of news and research to investors,” said Estimize Founder and CEO, Leigh Drogen. “The Bloomberg community consists of more than 300,000 financial professionals and we’re thrilled to be a part of that community as a data provider. In addition to validating the philosophy behind our process and accuracy of our earnings data, we believe the licensing agreement with Bloomberg will help drive an amazing set of new contributors to our platform, further increasing the depth of our data set and value to the financial community.”
Over the second quarter of 2013, Estimize expects their universe of estimates for publicly traded stocks to number over 1,200, up from over 900 in the first quarter.
The licensed data will include all of the data on a company’s future and historical earnings releases collected by Estimize, the Estimize Mean Consensus, change in Estimize consensus over time, estimate ranges, and recognition for the most accurate analysts who contribute to Estimize.
About Estimize
Estimize is the first open platform for earnings estimates, drawing upon the expertise of a diverse community of unconflicted members, ranging from hedge fund and institutional professionals to independent investors. The firm was founded in 2011 by former quantitative hedge fund analyst Leigh Drogen, with the belief that sell-side analysts are not correctly incented to provide accurate and unbiased earnings analysis due to inherent conflicts within the investment banking construct. By crowdsourcing estimates from a diverse community of individuals with the proper incentive structure, rewarding accuracy, Estimize’s earnings analysis is both more accurate and more representative of true expectations. The firm provides the market with an honest, un-conflicted measure of collective sentiment. There are currently over 2,500 analysts on Estimize contributing earnings estimates on over 900 publicly traded stocks, whose consensus estimate has proven more accurate than comparable sell-side data sets over 69% of the time. To learn more about Estimize, please visit: www.estimize.com.
