The company called Zacks Investment Research has nothing to do with the popular character on Saved By the Bell, but rather is one of the most recognized and respected inv...
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The company called Zacks Investment Research has nothing to do with the popular character on Saved By the Bell, but rather is one of the most recognized and respected investment firms in the entire investment industry. The founder of this organization is named Len Zacks, and in 1978, he was able to make a major breakthrough due to his education in mathematics. In fact, Mr. Zacks received a PhD in Mathematics from the Massachusetts Institute for Technology (MIT), and he determined that earnings estimates and stock prices were related in a powerful and direct manner. This led him to providing a rating system that he developed as a quantitative model that encompassed earnings estimate revisions. Some of the variables that he took into consideration with his model were direction, degree of change, and unknown surprises, and he extrapolated a pure math response to these variables. This ranking system by Zack is void of emotion and based on cold hearted mathematical results. Today Zack's ranking system is revered, and you might be wise to investigate the information provided by Zacks Investment Research.