# Estimize

> Estimize is a financial estimates platform that crowdsources earnings-per-share and revenue forecasts from a community of more than 120,000 contributors - including buy-side, sell-side and independent analysts, students, academics and private investors. By aggregating and weighting these estimates, Estimize produces a consensus that has repeatedly proven more accurate and more timely than the traditional Wall Street sell-side consensus, and sells that data to hedge funds, asset managers and quantitative researchers. Since 2021 it has operated as part of alternative-data and quant research firm ExtractAlpha.

- **Founded:** 2011
- **Headquarters:** New York, New York, United States
- **Founders:** Leigh Drogen (Founder & former CEO (now advisor))
- **Team size:** Small team (roughly 8-20 employees); operates as part of ExtractAlpha since the 2021 merger
- **Products:** Estimize Consensus, Estimize Data Feed, Accuracy Scoring System, Economic Indicator Estimates, Select Consensus
- **Notable:** Built a community of 120,000+ estimate contributors covering 3,000+ stocks each quarter., Consensus shown to beat comparable sell-side data over 70% of the time and by ~15% on average., Subject of academic research (including the Drogen & Jha paper on generating abnormal returns from crowdsourced forecasts) validating the data's predictive value.

## Products & services

- **Estimize Consensus** — A crowdsourced consensus of EPS and revenue estimates aggregated and weighted from 120,000+ contributors, covering 3,000+ stocks each quarter.
- **Estimize Data Feed** — Institutional data feeds and Excel/API/FTP access delivering raw estimates, consensus and accuracy metrics to hedge funds, asset managers and quants - distributed through partners such as FactSet, Bloomberg and Interactive Brokers.
- **Accuracy Scoring System** — Each EPS and revenue estimate is scored on a -25 to +25 scale based on its distance to reported results and the distribution of other estimates, ranking contributors by demonstrated accuracy.
- **Economic Indicator Estimates** — Crowdsourced forecasts for roughly 85 macroeconomic indicators each quarter, extending the consensus model beyond company earnings.
- **Select Consensus** — A proprietary weighting model that emphasizes the most accurate and reliable contributors while filtering out low-quality or erroneous estimates.

## Achievements

- Built a community of 120,000+ estimate contributors covering 3,000+ stocks each quarter.
- Consensus shown to beat comparable sell-side data over 70% of the time and by ~15% on average.
- Subject of academic research (including the Drogen & Jha paper on generating abnormal returns from crowdsourced forecasts) validating the data's predictive value.
- Estimize data distributed through major institutional channels including FactSet, Bloomberg and Interactive Brokers.
- Raised roughly $9.5M from investors including WorldQuant Ventures and Euromoney.
- Merged with ExtractAlpha in 2021 to form a combined crowd-plus-quant data business.

## Latest updates

- **2021-05** — Estimize merged with ExtractAlpha; Vinesh Jha became CEO of the combined entity and Leigh Drogen moved to an advisory role.
- **2024-12** — ExtractAlpha announced an expanded collaboration with Interactive Brokers to integrate Estimize data into IBKR trading platforms.
- **2025-09** — ExtractAlpha published a profile of CEO Vinesh Jha on building lasting quant signals, reflecting continued operation of the combined Estimize/ExtractAlpha business.

## Links

- Website: https://www.estimize.com
- LinkedIn: https://www.linkedin.com/company/estimize
- Twitter/X: https://twitter.com/estimize
- Facebook: https://www.facebook.com/Estimize

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Profile page: https://yespress.io/estimize
Published by YesPress — https://yespress.io
Last updated: 2026-06-15