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Alternative Market Briefing

Estimize opens earnings estimates, offers an alternative to sell-side research

Monday, February 18, 2013

amb
Leigh Drogen
Bailey McCann, Opalesque New York:

New York-based startup Estimize is offering free and open earnings estimates by analysts who could be name brand hedge fund managers, or an intrepid follower of the markets. The company, started by Leigh Drogen, a former hedge fund manager himself, seeks to offer up another take on the possible performance of equities, that is less tied to the sell-side incentives driving most earnings data. So far, over 2,300 contributors are providing earnings estimates, creating an earnings consensus that is more accurate than sell-side analysts 67% of the time.

Drogen is staking out new territory in the financial technology space, building on the first principles of Silicon Valley, instead of Goldman Sachs. As a platform, Estimize is a disrupter - one doesn't have to be an analyst trained at one of the farm team programs available at the big firms to provide data. Instead, the community relies on honor in accuracy over bonus incentives. It's also free to sign up and use - a far cry from terminal and research fees common to the industry. On the back end, hedge funds like Two Sigma use Estimize's API to understand the data on the platform and use it for their own models.

"We are producing a dataset that is more accurate to the real expectations of the market," explains Drogen in an interview with Opalesque. Users can sign up anonymously if they wish, Drogen says he prov......................

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