Morningstar Acquires Inquiry Financial Stake

Oct 1 2012 | 10:40am ET

Investment research specialist Morningstar has acquired 34% of Inquiry Financial Europe for an undisclosed amount.

Founded in 2003, Bromma, Sweden-based Inquiry Financial collects data directly from sell-side analysts or via analyst research notes. In addition to detailed profit and loss consensus data, the firm also compiles sell-side analyst comments on non-recurring items, divisional breakdowns of forecast sales and units shipped, and sector-specific data such as net interest income, total costs, and provisions for banks.

Said Kunal Kapoor, president of Morningstar’s data division, in a statement: “We see this as a strong complement to Morningstar’s earnings estimate business. Our investment in Inquiry Financial will allow us to expand both the depth and breadth of our global earnings estimate data coverage.”

Morningstar provides consensus earnings estimates on more than 16,000 different share classes from more than 70 different exchange countries. Over time, Morningstar plans to make Inquiry Financial’s detailed earnings estimate data available across its major product lines.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of