Definition
First Call is a comprehensive financial service that provides a platform for earnings expectations, analyst forecasts, and corporate financial data. Initially launched by Thomson Financial, First Call offers accurate, real-time financial data to aid in investment decisions. It focuses on providing consensus earnings estimates, company performance analysis, and news.
Examples
Example 1: Institutional Investors
Institutional investors, such as mutual funds and pension funds, use First Call to access timely and precise earnings estimates and corporate forecasts to guide their investment decisions.
Example 2: Financial Analysts
Financial analysts utilize First Call to compare their earnings models with consensus forecasts provided by other market professionals, aiding in refining their own predictions and recommendations.
Example 3: Corporate Executives
Corporate executives use First Call to stay informed about market expectations and analyst opinions regarding their company’s performance, allowing them to understand market sentiment and better communicate with investors.
Frequently Asked Questions (FAQs)
What type of information is available on First Call?
First Call provides earnings estimates, analyst forecasts, corporate performance data, and financial news.
How does First Call differ from other financial data services?
First Call is known for its timely and accurate earnings estimates and its extensive coverage of analyst forecasts.
Who benefits the most from using First Call?
Institutional investors, financial analysts, and corporate executives benefit the most by making informed decisions based on thorough and reliable financial data.
Is First Call available for individual investors?
While primarily designed for institutional use, some aspects of First Call data may be accessible through financial service providers that cater to individual investors.
How has First Call evolved over the years?
First Call has evolved by integrating more comprehensive data and analytics tools, continuously improving its technology to provide real-time insights and high precision in financial analysis.
Related Terms
Earnings Estimate
Earnings estimate refers to projections of a company’s future profitability provided by analysts and financial experts. These estimates predict the profit a company is expected to generate during a specific period.
Analyst Forecast
An analyst forecast is a prediction made by financial analysts regarding a company’s future financial performance based on a variety of data points and analytical models.
Consensus Estimate
Consensus estimate is the average of various analysts’ earnings estimates for a given company, providing a collective prediction of future financial performance.
Institutional Investors
Institutional investors are organizations such as mutual funds, pension funds, and insurance companies that invest large amounts of money in securities, real estate, and other investment assets.
Online References
Suggested Books for Further Studies
- “Analysis for Financial Management” by Robert C. Higgins.
- “Financial Statement Analysis and Security Valuation” by Stephen Penman.
- “Security Analysis” by Benjamin Graham and David Dodd.
Fundamentals of First Call: Financial Services Basics Quiz
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