NEW YORK (TheStreet) Ahead of major earnings reports from Apple (AAPL) and Facebook (FB), Estimize, the site known for changing the way earnings estimates are handed out, is going in a brand new direction: economic data.
Estimize announced the launch of Economic Indicators on the Estimize platform, as it seeks to bring a more natural consensus for economic data, including weekly jobless claims, inflationary data, and the be-all-end-all, the monthly jobs report. "It's an obvious and natural extension of the Estimize platform to expand into this data set given the success of our core equity fundamentals data," Estimize founder and CEO Leigh Drogen wrote in a blog post, announcing the move.
Estimize recently announced an additional $1.2 million in funding to go along with a new Mergerize platform.
Below is the list of 20 different reports Estimize will launch for consensus building:
US Unemployment Rate
US Producer Price Index
US Consumer Price Index
US Existing Home Sales
US New Single Family Houses Sold
US Case-Shiller Home Price Index: Composite 20
US Housing Starts
US Durable Goods New Orders
US Purchasing Managers Index
US ISM Non-Manufacturing Index
US Change in Retail Sales
US Initial Claims for Unemployment Insurance
US Manufacturing New Orders
US Industrial Production Index
US Average Weekly Earnings
US Consumer Confidence
US Consumer Sentiment
US Change in Nonfarm Payrolls
Drogen noted that over time, the list of available indicators would grow, and would include international data as well.
Below is Drogen's blog post explaining why Estimize felt it was a good idea to launch this: