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Sunday, June 28, 2015 3:09:46 PM
Zacks and the Zacks Rank
In 1978, Zacks Investment Research was formed to compile and analyze brokerage research for both institutional and individual investors.
Zakcs rank
Today, Zacks processes this information from roughly 3,000 analysts at over 150 different brokerage firms. At any given point in time, we're monitoring well over 200,000 earnings estimates and other related data looking for any change. Our ability to gather, analyze and distribute this information on a timely basis makes Zacks' research among the most widely used investment research on the web.
Len Zacks and the Creation of the Zacks Rank
The Zacks Rank was created by Leonard Zacks, the CEO and founder of Zacks Investment Research. Len, who has a PhD from MIT, spent many years on Wall Street testing statistical models to help uncover ways to beat the market. This research led to the breakthrough discovery:
Earnings estimate revisions are the most
powerful force impacting stock prices
-Len Zacks
His findings were first published in 1979 in the Financial Analysts Journal and entitled "EPS Forecasts -- Accuracy Is Not Enough". From this seminal work emerged the now famous Zacks Rank stock picking system, which harnesses the power of earnings estimate revisions. And so began a long tradition of innovation by his renowned firm, Zacks Investment Research.
The Zacks Rank uses four factors related to earnings estimates to classify stocks into five groups, ranging from Strong Buy to Strong Sell. More importantly, it allows individual investors to take advantage of trends in earnings estimate revisions, and benefit from the power of institutional investors.
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