Dear all,
We've started running some data checks after several reports of missing data, for example this one Data available in fundamental chart but missing in screener/panels
Turns out that FactSet is missing filings (mostly interims) in USA as well. There are about 50 companies in the USA missing some filings and about 100 in Europe. It's troubling because some major companies are missing filings like CRM:USA JNPR:USA, ANET:USA, FBIN:USA
You can see it for yourself by pulling up the snapshot page for the tickers above. You will see a small number of bars in like below
The reason the Snapshot looks this way is that it's a point-in-time view, and when we notice a hole in the filings we stop adding processing statements. If you change the As-Of date to two years ago you will see that problem is gone for CRM:USA since the missing statement is in the future.
Two Things
We're started feeding FactSet these issues and pressing them to make the necessary fixes so it stops happening. We are giving them issues a bunch at a time so we don't overwhelm them and keep them focused. We made this data QA part of our process: periodically we run a screen to find problems, examine them, and report them to FactSet.
We are thinking of revisiting our logic of doing hard stops if there are holes (which makes it obvious something is amiss). Perhaps we keep the hole and continue loading the statements. This will not fix TTM factors that are NA due to the holes, but it will allow other factors to compute, like ones that use annuals.
Let us know your feelings. Thanks
PS. This is how CRM looks on FactSet. Not very flattering