The Wall Street Journal today released the complete results of the annual Best on the Street Analysts Survey. This year marks the Journal's 20th year hosting the survey, and FactSet's fourth consecutive year as the data provider.
The Best on the Street — available today in a Journal Special Report and on WSJ.com — identifies the top three equity securities analysts in each of 44 industries, based on an objective, quantitative evaluation of their stock-picking performance. Analysts receive credit for correct buy and sell recommendations, and can be eligible in as many industries as they meet the coverage requirements for.
The 132 award winners were drawn from more than 2,000 analysts based in U.S., Europe, and Asia who follow U.S.-listed stocks, meet the survey's requirements, and qualify to have their research analyzed in detail. Performance scores are measured by stock-picking skill and are calculated based on estimated total return, including price changes and dividends, of each eligible stock an analyst covered in an industry, as well as the number of stocks the analyst covered in that industry. Every participant is subject to the same survey requirements, regardless of experience level.
The Wall Street Journal used FactSet Estimates to collect results for this year's survey. FactSet Estimates is an all-inclusive database of analyst recommendations, which provides several dozen estimate types with access to intraday updates. FactSet Estimates uses data from more than 780 contributing brokers to cover more than 18,000 active global companies.