Institutional Brokers' Estimate System - IBES

	Definition of 'Institutional Brokers' Estimate System - IBES' A system that gathers and compiles the different estimates made by stock analysts on the future earnings for the majority of U.S. publicly traded companies.
	Investopedia explains 'Institutional Brokers' Estimate System - IBES' The IBES is a central location whereby investors are able to research the different analyst estimates for any given stock without necessarily searching for each individual analyst.

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