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Alternative Market Briefing

Estimize announces data licensing agreement with Bloomberg

Thursday, April 18, 2013

Bailey McCann, Opalesque New York: 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. Opalesque recently interviewed Estimize CEO, Leigh Drogen about the company which seeks to open up earnings estimates and provide analysis not driven by sell-side incentives.

Estimize claims that its estimates are 67% more accurate than their sell-side cohorts. The company said in a statement today that the agreement with Bloomberg further validates this claim. The accuracy is driven by the diverse range of analysts contributing on Estimize, comprised of hedge fund, institutional buy-side, independent research and individual investors. Drogen, himself, was a former hedge fund quantitative analyst, and wants to improve upon the inherently conflicted estimates produced by the sell-side.

"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, furth......................

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