Open Estimate

Open Estimate is an initiative by Finnhub to gather estimates from the community of investment managers, analysts, academics and retail investors. We welcome anyone to contribute in return for free access to our Estimate-3 API plan and Open Estimate's data for the stock you contributed to.

After a period of closed beta with more than 5000 different contributors, we are excited to launch this initiative to everyone who wishes to contribute to the dataset in exchange for free Estimates access.

Benefits

  • You will have access to OpenEstimate data on the web for the stocks to which you contributed your estimates

You will need to contribute at least 10 estimates per month to get the following benefits:

  • Estimate-3 plan (30 days access): 1 year of historical and 1 quarter of forward-looking estimates data for US market (API Access)

The API access will be refreshed daily based on your number of estimates in the past 30 days at midnight GMT time. If you have made a minimum of 10 estimates in the past 30 days, the system will automatically extend your API access until 30 days in the future. The API access can only be used strictly for Personal purposes unless explicitly stated otherwise in a signed written agreement with Finnhub.

Why should I use Open Estimate data?

  • More number of estimates from a more diverse group of investors
  • 75% more accurate than Wall Street estimates
  • Proven to provide a more consistent result and avoid Wall St bias
  • As recent events have proved, the community can and will beat Wall St given the right tool and effort. Open Estimate is built in the spirit of everyone working together to create a more diverse dataset that benefits the whole community.

How do I get started

  • You can use your Finnhub's account to submit the estimates. You might be asked to add some additional information for your Open Estimate's profile such as public username or occupation.
  • Go to Upcoming Earnings or Company View tab and start entering estimates for any companies that you are interested in to receive free API access and access Open Estimate data.
  • You can also see your past estimates and your "performance" in Your Estimates tab

How does Open Estimate's algorithm work?

  • Finnhub employs a proprietary machine learning model to filter out data noise and also gives more weight to estimates contributed by users who have a great track record.
  • In the future, we will also publish each user's performance score so you can know how much your estimates are affecting the final results.
  • You will need on average 2-4 good estimates which are manually reviewed by Finnhub's analysts before you can impact the overall Open Estimate's result in a meaningful way.