Tuesday, 28 March 2017
Last updated 17 hours ago
Jan 11 2017 | 12:05am ET
Corporate event data provider Wall Street Horizon and crowdsourced estimates platform Estimize have inked an agreement to provide their respective datasets to each other’s platforms in an effort to help investors find additional sources of alpha.
Effective immediately, Wall Street Horizon Enchilada subscribers will have access to Estimize’s crowdsourced earnings and economic estimates, and Estimize’s clients will have access to Wall Street Horizon’s forward-looking earnings date calendar, the firms said in a joint statement.
Many of the world’s top quantitative and systematic investors use Wall Street Horizon’s and Estimize’s unique datasets in a variety of different ways to generate alpha, the companies noted. These firms rely on the accuracy of Wall Street Horizon’s earnings dates and Estimize’s crowdsourced earnings estimates to forecast upcoming volatility and directional movement in stock prices.
By offering both on the same platform, clients can have a higher degree of confidence in their investment and trading strategies that are tied to corporate earnings.
“Wall Street Horizon is as dedicated to forecasting earnings announcement dates as we are to forecasting earnings,” said Estimize founder and CEO Leigh Drogen in the statement. “In our business, accurate and timely data is critical to success and as corporate event dates are concerned, Wall Street Horizon is unmatched. We’re excited about the benefits Wall Street Horizon’s data will bring to our clients.
“Estimize has quickly become the most trusted source for earnings estimates, making the addition of their data a huge win for Enchilada users,” added Bruce Fador, Wall Street Horizon president. “I have great respect for Estimize’s approach to forecasting corporate earnings and look forward to working closely with Leigh and his team on providing our clients with the most valuable data possible.”
Founded in 2003 and based outside Boston, Wall Street Horizon provides institutional investors and traders with comprehensive information and data about corporate events such as earnings dates, dividend dates, options expiration dates, splits and investor conferences. The company’s products are available via API or the Enchilada online suite, and on financial industry platforms such as Eikon and Markit Hub.
Estimize, meanwhile, is a financial estimates platform offering the crowd’s earnings expectations on 2,000+ stocks. The estimates are more accurate than Wall Street 74% of the time and are crowdsourced from 40,000 regular contributors across the buy and sell-side, private investors, subject matter experts and academics.