As part of our recent Next Invest conference, I had the chance to chat with Leigh Drogen, founder and CEO of Estimize, about what his crowdsourced earnings estimates service has accomplished to date and where it's headed.
In the interview, embedded below, Leigh says Estimize now has no less than 2,200 contributing analysts from asset management firms, hedge funds and independents, and has become more accurate than Wall Street analysts in predicting earnings reports "about 2/3 of the time."
The next stage is adding an intelligence layer to Estimize's growing data set and further marketing an API to the buy side. We also discuss AngelList and the most exciting trend in Fintech as Leigh sees it - crowdfunding.
For more Next Invest videos, see our YouTube channel.
Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.The post Estimize's Leigh Drogen: "We're now more accurate than Wall Street 2/3 of the time" appeared first on Smarter Investing.