FactSet Research Systems Inc. (NYSE:FDS) (NASDAQ: FDS), a leading provider of integrated financial information and analytical applications to the global investment community, along withThe Wall Street Journal announce results of the annual “Best on the Street” Analysts Survey
The Wall Street Journal released the results of the annual Best on the Street Analysts Survey. This year marks the Journal’s 21st year hosting the survey, and FactSet’s fifth consecutive year as the chosen data provider.
The Best on the Street 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 eligible analysts from 183 firms 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 16,000 active global companies.