StarMine, a Thomson Reuters company, objectively measures the performance of analysts based on the returns of their buy/sell recommendations and the accuracy of their earnings estimates. The 2009 awards are based on the 2008 calendar-year performance of recommendations and estimates on companies that are based in the US, Europe and Asia.
Data source
StarMine’s analyst awards are based on the estimates and recommendations as recorded in the Thomson Financial I/B/E/S database. StarMine uses the GICS (Global Industry Classification System) for its industry definitions. In some instances in Europe and Asia, the GICS has resulted in industries that are not large enough for ranking purposes. When this has been the case, StarMine has combined multiple industries to reflect the way analysts organise their coverage. For example, StarMine’s “Financial Services” industry in Europe is a composite of the following GICS industries: Capital Markets, Consumer Finance and Diversified Financial Services.
