--- title: "The Power Of Collective Intelligence: What Wall Street Can't Always Do Well." description: Don't get shoehorned into using just expert earnings estimates. Estimize's Jeremy Baksht tells us why the crowdsourcred estimates are useful. image: https://blog.datastreamx.com/hubfs/Blog_Images/consol_energy.png --- [![DataStreamX Logo Master](https://blog.datastreamx.com/hs-fs/hubfs/Logo_Files/DataStreamX%20Logo%20Master.jpg?width=2000&name=DataStreamX%20Logo%20Master.jpg "DataStreamX Logo Master")](https://quadrant.io) # **Data at Work** ### The world of data and its many applications. This blog will help you learn how visionary companies are monetizing their data assets and utilizing external data to enhance business operations. ### Posts by Topic - [Quick Tips (24)](https://blog.datastreamx.com/topic/quick-tips) - [Insights (23)](https://blog.datastreamx.com/topic/insights) - [Announcements (14)](https://blog.datastreamx.com/topic/announcements) ## [The Power Of Collective Intelligence: What Wall Street Can't Always Do Well.](https://blog.datastreamx.com/the-power-of-collective-intelligence) - ![Jeremy Baksht](https://blog.datastreamx.com/hubfs/Guest_Blogger_Bio_Images/jeremy.jpg) - By [Jeremy Baksht](https://blog.datastreamx.com/author/jeremy-baksht) - Nov 12, 2015 - [0 Comments](https://blog.datastreamx.com/the-power-of-collective-intelligence#comments-listing) Anyone who follows corporate earnings knows that getting an accurate read from these earnings estimates can be difficult. With this problem in mind, Estimize was created. Now with more than 13,000 buy-side, sell-side and independent analysts included in our dataset, we’re more representative and more accurate than the Street around 70% of the time. It’s common for the Estimize consensus to be more bullish than Wall Street, the sell-side is notorious for being far too conservative. However, it’s the cases in which Estimize expectations are below the Street when you really have to pay attention. Consider [CONSOL Energy](https://www.estimize.com/cnx/fq3-2015#chart=historical) which reported Q3 results on October 27. Estimize was looking for EPS of -$0.06, far more bullish that the Street’s -$0.03. Consequently, after reporting EPS of -$0.28 the stock dropped by 21% by the end of the day. ![Consol Engery (CNX) reports from Estimize](https://blog.datastreamx.com/hs-fs/hubfs/Blog_Images/consol_energy.png?width=633&height=581&name=consol_energy.png "Consol Engery (CNX) reports from Estimize") Or take the [Amazon](https://www.estimize.com/amzn/fq3-2015#chart=historical) report three weeks ago. The Estimize consensus of -$0.04 was well above Wall Street’s prediction for -$0.10. Combined with the [Screener](https://www.estimize.com/screener?popularity_range=3%2C10), AMZN  was identified as a BUY 6 days before the release of Q3 2015 results, and after reporting EPS of $0.17 the stock rose 11%.  ![Estimize Amazon (AMZN) buy recommendation](https://blog.datastreamx.com/hs-fs/hubfs/Blog_Images/estimize-amzn-fq3-2015-707bb4d15584577b.png?width=675&height=620&name=estimize-amzn-fq3-2015-707bb4d15584577b.png "Estimize Amazon (AMZN) buy recommendation") There are several other trade ideas like these that be well researched and executed with Estimize's consenus and the Screener. Wall Street experts and sell-side experts are notoriously conservative. Why lose out on potential gains with an estimate that doesn't represent the expectations of the larger investment community? 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