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Where do analysts get financial information about companies?
Where do analysts get financial information about companies?
Expert Solution
There are several sources of financial information for analysts.
One good source are the annual reports released by companies. These reports can usually be found on a company's website and contain detailed financial figures for the past year of operation.
If a company is listed, financial data can be obtained from stock exchange entity websites. Analysts can also try to formally request a financial report about a company's finance statement from these establishments.
There are also various websites that collate financial data from various companies that can easily be accessed just by visiting these sites. For hard to find financial data, especially for non-listed companies or if more detailed figures are needed, there are companies that will charge a certain amount for comprehensive reports. Analysts can usually find these financial research companies by using basic search engine queries.
These financial reports are useful for analysts and are also beneficial for investors, shareholders, company leaders, employees and other stakeholders, as key business and investing decisions can be made from this data.
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