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Analytics

StarMine SmartEstimates

An overview of StarMine SmartEstimates 


The StarMine SmartEstimates is a "smart" mean. Many investors use the simple average of analyst estimates, often referred to as the mean, to predict a stock's earnings or revenue. Unfortunately, the mean is flawed. It places equal weight on each analyst's estimate, regardless of whether the estimate was issued two or 200 days ago, or whether the analyst is more – or less – accurate in covering a stock.

StarMine goes further (1) by calculating how accurate an analyst is and how timely his or her estimates are, and (2) by putting more weight on the most timely estimates from the most accurate analysts. As a result, StarMine's SmartEstimates are more accurate than the mean.

StarMine's SmartEstimates also utilize the detection of a recent RevisionCluster when one has occurred. A RevisionCluster refers to a series of analyst estimate revisions within a relatively short period of time for a given fiscal period of a given stock.

Key Facts 

  • Geographical coverage
    Global
  • History
    From 1998
  • Data format
    CSV
    JSON
    Python
    User Interface
    XML
  • Delivery mechanism
    API
    Desktop
    Excel
  • Data frequency
    Realtime, Daily

Features & Benefits

What you get with StarMine SmartEstimates 

  • When the SmartEstimates diverges from consensus by 2% or more, SmartEstimates are directionally correct 70% of the time.
  • SmartEstimates put more weight on the more recent forecasts and the better analysts.
  • Removes stale estimates older than 4 months and those estimates not updated subsequent to significant news.
  • SmartEstimates are available for EPS, EBITDA, and Revenue measures.

How it works

 Accessing the dataset

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