Wed, Feb 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Manager Profile - Eddie Lampert: a painful entanglement with Sears[more]

    From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's

  3. Investing - Hedge funds quit Aberdeen shorts as shares begin to recover, Hedge funds' next big short: U.S. malls, O'Connor fund owns 9.5% of Protalix Biotherapeutics, U.S. hedge fund takes position in Macau hotel The 13[more]

    Hedge funds quit Aberdeen shorts as shares begin to recover From Investmentweek.co.uk: The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years. According to the Financ

  4. Latin America, high yields and Asia Pacific strategies dominate hedge fund returns in January[more]

    Komfie Manalo, Opalesque Asia: Latin America (+7.04%), high yield (5.63%), and Asia-Pacific (+5.06%) strategies dominated hedge fund performance in January, data provider Hennesee Fund Research said. The bottom three strategies for the mont

  5. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio