Wall Street has a blind spot.

Wall Street has a consensus for what analysts think. Alt Data Consensus™ is the consensus for what alternative data is showing: one estimate, blended from verified sources and refreshed daily.

The problem

Sometimes more datasets means less clarity.

The problem isn’t that there isn’t enough data. It’s that the data doesn’t speak the same language.

Every provider arrives with different entities, calendars, definitions, access rules and signal quality.

Months to integrate. Minutes to miss a move.

Evaluating a single dataset takes several months and hundreds of work-hours.

  1. DiscoveryInternal wiki search and first vendor outreach
  2. RequestReviews and a formal dataset request
  3. NDA & legalLegal review and NDA negotiation
  4. IngestionLoading and mapping complex raw data
  5. ContractFull procurement terms
  6. Sign-offFinal legal and commercial approval
  7. TestingThe analyst can finally test and trade

ADC removes all of it.

One subscription gives you zero-friction access to pre-integrated, tested, consensus-weighted datasets. No raw data ingestion and no lengthy procurement cycles.

Why now

Every era, financial data gets a new aggregation layer.

Each wave created opportunity. Alternative data is next, and it has no equivalent layer yet.

Sell-side estimates

First Call

Acquired by Thomson Financial. Now LSEG I/B/E/S.

Sell-side KPI models

Visible Alpha

Standardized analyst models. Acquired by S&P Global in 2020.

Alternative data

Alt Data Consensus

Aggregated, normalized and modeled. Complementary to all four consensus estimate providers.

How it works

From raw data to a trusted benchmark.

  1. Raw alternative data

    Provider data feeds into the Exabel platform alongside 70+ other verified sources.

  2. Modeled for investors

    The team normalizes the data, maps it to company KPIs and generates estimates across tickers.

  3. Blended to consensus

    Multiple vendor signals become a single Alt Data Consensus estimate. Like sell-side consensus, but built on real-world activity.

Inside ADC

Signals, divergences and the data behind them.

SignalsEach week ADC screens your coverage and surfaces only the names moving against Street, with a conviction level and what’s driving the move.
ADC Signals view listing the names moving against Street this week, each with a conviction level, the driver behind the move and days to the print.
DivergencesOpen any name to see ADC against analyst consensus over time, the expected surprise and exactly how each input builds it.
ADC company view comparing Alt Data Consensus with analyst consensus over time, with the expected surprise broken into its inputs.
The alt data universeEvery source behind an estimate, with its weight, correlation to the reported KPI and historical error. Full transparency on how ADC gets its number.
ADC company view with the estimate versus consensus chart, each data category’s trend, and a table of every vendor with its weight, correlation and error.
Straight to the sourceEvery provider page shows what the panel measures, what ADC already answers and what needs the full dataset. When you’re ready to go deeper, request the verification report or book a call with the provider directly.
Provider page in ADC showing what one vendor’s panel measures, what ADC answers and options to request a verification report or book a call.

The earnings puzzle

Beating consensus is the norm. Beating expectations is not.

68%

of companies beat quarterly consensus estimates.

1.8%

is the beat needed just for the stock to stand still.

  • Beats under 1% see shares fall 1.1% on average. The published number isn’t the real bar.
  • Beats are predictable: 82% of habitual beaters beat again.
  • The real benchmark is the expected surprise, built from 6,000+ earnings reports.

Three inputs, one estimate

ADC blends each company’s historical beat, monthly analyst revisions and alt data (card spend, app use, web, footfall) into one expected surprise.

The signal leads the price

The gap 45 days out predicts analyst revisions (t=7.7). Information reaches the price gradually and is fully priced by report day.

Priced in before the print

A beat the data saw coming still sent the stock down 1.9%. The edge comes from positioning early, not holding through the report.

Now onboarding design partners for Q4

Try before you buy.

A trusted, actionable, zero-friction benchmark for alternative data, open to the 90%+ of institutional investors currently locked out of it.

Already working with alt data providers? Ask whether they’re verified on Alt Data Consensus. Every provider added makes the consensus stronger.