Security analyst estimates performance viewing system and method

• US 7,539,637 B2
• Filed: 06/29/2001
• Issued: 05/26/2009
• Est. Priority Date: 04/24/1998
• Status: Expired due to Term

• Current Assignee: Refinitiv US Organization, LLC (Refinitiv US Holdings, Inc.)
• Original Assignee: StarMine Corp. (The Woodbridge Co. Ltd.)
• Inventors: Gatto, Joseph G.
• Primary Examiner(s): Subramanian; Narayanswamy
• Application Number:
  US09/893,460
• Publication Number:
  US 20020184131A1
• Time in Patent Office: 2,888 Days
• Field of Search: 705 35- 37, 705/36.R
• US Class Current: 705/36.00R
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A system and method for measuring, analyzing, and tracking the past performance of security analysts'"'"' earnings estimates and recommendations. The present invention provides a database of historical data relating to security analyst earnings estimate predictions wherein a historical model enables users to view the historical data as a time series of earnings estimates for each analyst selected, for a selected period of time, for a predetermined earnings event. Users may define a model to automatically create enhanced composite estimates wherein an improved prediction of the quantity being estimated, such as company earnings, revenue or cash flow is obtained. Users may view performance screens and historical performance data for a particular contributor or various contributors for a given security. Other views may be available.

Claims

1. A system for monitoring analysts'"'"' estimates, comprising:

at least one data repository configured to store, on a per analyst basis, current estimate data for a plurality of analysts, wherein the current estimate data stored in the at least one data repository includes at least an estimate amount and when the estimate was made; and

a computer communicatively coupled to the at least one data repository, wherein the computer is configured to;

analyze the current estimate data to determine when one or more alert conditions are satisfied;

identify at least one of the plurality of analysts associated with the one or more satisfied alert conditions; and

issue an alert indicating that the one or more alert conditions have been satisfied for the at least one identified analyst, wherein a terminal device in communication with the computer is configured to display the issued alert on a display device via a graphical user interface.

2. The system of claim 1, wherein at least one of the alert conditions is satisfied if the current estimate data for at least one of the plurality of analysts is older than a predetermined amount of time.

3. The system of claim 1, wherein at least one of the alert conditions is satisfied if the current estimate data for at least one of the plurality of analysts is older than a date associated with a cluster of estimate revisions.

4. The system of claim 1, wherein at least one of the alert conditions includes one or more criteria that devine a cluster of estimate revisions, and wherein the computer is further configured to:

receive a definition of the one or more criteria that define the cluster of estimate revisions from a user of the terminal device;

analyze the current estimate data to determine when the criteria that define the cluster of estimate revisions are saisfied, wherein the cluster of estimate revisions is associated with a date; and

issue the alert if the current estimate data for at least one of the plurality of analysts is older than the date associated with the cluster of estimate revisions.

5. The system of claim 4, wherein the computer is further configured to:

identify a period of time associated with the at least one alert condition that includes the criteria defining the cluster of estimate revisions, wherein the at least one alert condition is satisfied if the current estimate data for at least one of the plurality of analysts is more than the identified period of time older than the date associated with the cluster of estimate revisions.

6. The system of claim 1, wherein computer is further configured to:

analyze the current estimate data to determine a summary metric of the current estimate data for the plurality of analysts; and

identify a value associated with the determined summary metric, wherein at least one of the alert conditions is satisfied if the difference between the determined summary metric and the current estimate data for at least one of the plurality of analysts equals or exceeds the identified value.

7. The system of claim 6, wherein the summary metric comprises a measure of central tendency of the current estimate data for the plurality of analysts, wherein the measure of central tendency comprises at least one of a mean, median, or mode of the current estimate data for the plurality of analysts.

8. The system of claim 6, wherein the summary metric is qualified by at least one of a time period, a particular security, or a group of securities.

9. The system of claim 6, wherein the identified value is more than “

n”

standard deviations away from the summary metric of the current estimate data for the plurality of analysts, wherein “

n”

is an integer.

10. The system of claim 6, wherein the identified value is more than a predetermined number of currency units away from the summary metric of the current estimate data for the plurality of analysts.

11. The system of claim 6, wherein the identified value is more than a predetermined percentage away from the summary metric of the current estimate data for the plurality of analysts.

12. The system of claim 1, wherein the terminal device in communication with the computer is further configured to:

simultaneously display, via the graphical user interface, information relating to the identified analyst, the current estimate data for the identified analyst, and a visual alert indicator in association with the current estimate data for the identified analyst.

13. The system of claim 12, wherein the terminal device in communication with the computer is further configured to:

display, via the graphical user interface, data associated with the one or more satisfied alert conditions.

14. The system of claim 13, wherein the data associated with the one or more satisfied alert conditions comprises an indication of the satisfied alert conditions.

15. The system of claim 13, wherein the data associated with the one or more satisfied alert conditions comprises data relating to when the one or more alert conditions were satisfied.

16. The system of claim 13, wherein the data associated with the one or more satisfied alert conditions comprises an indication of the satisfied alert conditions and data relating to when the one or more alert conditions were satisfied.

17. The system of claim 1, wherein the terminal device in communication with the computer is further configured to:

display, via the graphical user interface, the current estimate data for a list of two or more of the plurality of analysts, wherein each of the analysts in the list are associated with at least one of the satisfied alert conditions.

18. The system of claim 17, wherein the list of analysts includes at least one of analysts associated with a particular firm or analysts with current estimate data in a particular industry.

19. The system of claim 1, wherein the terminal device in communication with the computer is further configured to:

display, via the graphical user interface, the current estimate data for a list of two or more of the plurality of analysts'"'"', wherein each of the analysts in the list are associated with at least one of the satisfied alert conditions; and

display, via the graphical user interface, data associated with the at least one of the satisfied alert conditions.

20. The system of claim 1, wherein the terminal device in communication with the computer is further configured to display, via the graphical user interface, all of the satisfied alert conditions associated with the identified analyst.

21. The system of claim 1, wherein the terminal device in communication with the computer is further configured to display, via the graphical user interface, one or more of the satisfied alert conditions associated with the identified analyst.

22. The system of claim 1, wherein the computer is further configured to receive a selection of a time period from a user of the terminal device, and wherein the terminal device in communication with the computer is further configured to display, via the graphical user interface, all of the satisfied alert conditions associated with the identified analyst for the user-selected time period.

23. The system of claim 1, wherein the computer is further configured to receive a selection of a time period from a user of the terminal device, and wherein the terminal device in communication with the computer is further configured to display, via the graphical user interface, one or more of the satisfied alert conditions associated with the identified analyst for the user-selected time period.

24. The system of claim 1, wherein the computer is further configured to receive a definition of the alert conditions from a user of the terminal device.

25. The system of claim 1, wherein the computer is further configured to receive a definition of an action to be taken when one or more of the alert conditions are satisfied from a user of the terminal device.

26. The system of claim 25, wherein the action comprises the computer transmitting a message corresponding to the issued alert to a predetermined device.

27. The system of claim 26, wherein the computer is configured to transmit the message by at least one of e-mail, phone, fax, or pager.

28. The system of claim 1, wherein the computer is further configured to transmit a message to a predetermined recipient based on the identified analyst.

29. The system of claim 28, wherein the predetermined recipient is the identified analyst.

30. The system of claim 28, wherein the predetermined recipient is someone associated with the identified analyst.

31. The system of claim 1, wherein the computer is further configured to receive a frequency for analyzing the current estimate data to determine when the one or more alert conditions are satisfied from a user of the terminal device.

32. The system of claim 1, wherein the computer is further configured to receive a frequency for issuing the alert indicating that the one or more alert conditions have been satisfied for the identified analyst from a user of the terminal device.

33. The system of claim 1, wherein the current estimate data relates to an estimate of a security'"'"'s earnings for a fiscal period.

34. The system of claim 33, wherein the fiscal period comprises at least one of a fiscal quarter, a plurality of fiscal quarters, a fiscal year, or a plurality of fiscal years.

35. The system of claim 1, wherein the current estimate data comprises a financial projection.

36. The system of claim 1, wherein the computer is further configured to receive a change or confirmation of the current estimate data from at least one of the plurality of analysts in response to the issued alert.

37. The system of claim 36, wherein an alert indicator changes when the at least one of the plurality of analysts changes or confirms the current estimated data in response to the issued alert.

38. The system of claim 36, wherein a different visual representation of an alert indicator is provided depending on an action taken in response to the issued alert.