Independent research consensus earnings estimates and methods of determining such
First Claim
1. A computerized apparatus for managing risk associated with earnings estimates for a company, the apparatus comprising:
- a computer server comprising a processor and a digital storage and accessible with a system access device via a communications network; and
executable software stored on the computer server and executable on demand, the executable software operative with the processor to cause the computer server to;
receive into the digital storage data descriptive of multiple earnings estimates, each earnings estimate generated by a respective bank;
receive into the digital storage data indicative of one or more business relationships comprising a bank and the company;
generate a first consensus estimate excluding earnings estimates received from the bank with the data indicative of one or more business relationships with the company;
transmit, to the bank, data comprising a message that the bank'"'"'s earnings estimate is excluded from the first consensus estimate; and
generate a suggested action based upon the first consensus estimate.
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Accused Products
Abstract
Apparatus and methods are described for correlating business relationships and issuing earnings estimates. According to the present invention, an earnings estimate can be generated for a company as it compares to a consensus estimate, or other rating aggregate, along with an indication of an investment banking relationship or other business relationship that the entity providing the estimate has had with the company. In addition to a consensus estimate that may be based upon current and previous analyst earnings estimates, operating actuals, expected reporting dates, footnotes and company-issued guidelines, indications of investment banking relationships and a consensus estimate is provided that excludes input from banks conducting business with the company. The present invention can also include suggested actions that can be taken based upon data relating to an investment banking relationship, an earnings estimate and/or a consensus earnings estimate that excludes input from banks with substantial business relationships with the company.
125 Citations
25 Claims
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1. A computerized apparatus for managing risk associated with earnings estimates for a company, the apparatus comprising:
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a computer server comprising a processor and a digital storage and accessible with a system access device via a communications network; and executable software stored on the computer server and executable on demand, the executable software operative with the processor to cause the computer server to; receive into the digital storage data descriptive of multiple earnings estimates, each earnings estimate generated by a respective bank; receive into the digital storage data indicative of one or more business relationships comprising a bank and the company; generate a first consensus estimate excluding earnings estimates received from the bank with the data indicative of one or more business relationships with the company; transmit, to the bank, data comprising a message that the bank'"'"'s earnings estimate is excluded from the first consensus estimate; and generate a suggested action based upon the first consensus estimate. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 20, 21)
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11. A processor-implemented method for managing risk associated with earnings estimates for a company, the method comprising:
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receiving digital data descriptive of multiple earnings estimates into a computer storage; receiving digital data descriptive of one or more indications of a bank conducting business with the company into a computer storage; generating via a processor a first consensus estimate based upon the digital data descriptive of the multiple earnings estimates received and comprising the data descriptive of an earnings estimate generated by the bank conducting business with the company; generating a second consensus estimate based upon the digital data descriptive of the multiple earnings estimates received and excluding the data descriptive of earnings estimates generated by the bank conducting business with the company; transmitting, to the bank, data comprising a message that the bank'"'"'s earnings estimate is excluded from the first consensus estimate; and generating an indication in human readable form of a suggested action based upon the first consensus estimate and the second consensus estimate. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 22, 23, 24, 25)
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19. Computer executable program code residing on a computer-readable medium, the program code comprising instructions for causing the computer to:
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receive multiple earnings estimates related to a company; receive one or more indications of a bank conducting business with the company; generate via a processor a first consensus estimate based upon the earnings estimates received; generate a second consensus estimate based upon the earnings estimates received, but excluding an earnings estimate received from the bank conducting business with the company; transmit, to the bank, data comprising a message that the bank'"'"'s earnings estimate is excluded from the first consensus estimate; and generate a suggested action based upon the first consensus estimate and the second consensus estimate.
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Specification