NORWALK, Conn., May 10, 2011 (GLOBE NEWSWIRE) -- Today in a special report, The Wall Street Journal released the complete results of the annual Best on the Street Analysts Survey. This year marks The Wall Street Journal's 19th year hosting the survey, and FactSet's third consecutive year as the data provider.
The Best on the Street identifies the top five equity securities analysts in each of 44 industries, based on an objective, quantitative evaluation of their stock-picking performance.
The Wall Street Journal once again chose FactSet Estimates, an all-inclusive database of analyst recommendations, to power this year's rankings. FactSet Estimates uses data from more than 740 contributing brokers to cover more than 16,000 active global companies. The database provides several dozen estimate types, and combines FactSet's comprehensive content with unparalleled transparency to deliver the most reliable data available.
This year, nearly 7,000 analysts from more than 575 firms were considered for the survey. The 215 award winners were drawn from over 2,000 analysts 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.
The analysts who remained bullish beyond mid-2010 saw that their optimism paid off in the survey results. "That seemed to be where the winning analysts made their bones," says John Butters, senior earnings analyst with FactSet Research Systems. "The winners continued to get more optimistic while the losing analysts basically kept their calls the same."
FactSet delivers financial intelligence tailored to the global investment professional. In addition to powerful analytics, FactSet offers the broadest scope of data available along with industry-leading client service. For more information about FactSet and the estimates used for the Best on the Street, visit .
FactSet (NYSE:FDS) (Nasdaq:FDS) combines integrated financial information, analytical applications, and client service to enhance the workflow and productivity of the global investment community. The company, headquartered in Norwalk, Connecticut, was formed in 1978 and now conducts operations, along with its affiliates, from twenty-four locations worldwide, including Boston, New York, Chicago, San Mateo, London, Amsterdam, Frankfurt, Paris, Milan, Tokyo, Hong Kong, Mumbai, Dubai, and Sydney. For more information, contact FactSet Research Systems Inc. at www.factset.com.
CONTACT: Rachel R. Stern FactSet Research Systems Inc. 203.810.1000