About Vara Consensus

Pioneers in providing high-quality consensus estimates

Since 2003, Vara Research has been a high-quality provider of consensus estimate services. Based on our capital market knowledge we have developed modern tools for efficient consensus management and communication. As an independent company, we secure the necessary transparency and trust between listed companies and the capital market, underpinned by our company philosophy of “Creating Trust”.

Our Mission is to deliver the best data for investment decisions

We are a neutral data provider with direct contact to both the sell-side analysts and Investor Relations. Our quality assurance processes allow us to offer you the Investor, reliable and high quality consensus data; the best data available on the market, on which to base your investment decisions. On our Vara Consensus Portal you can find industry- and segment-specific key performance indicators, to give you a deeper understanding of the published estimates.

Blockchain Technology to ensure transparency for Financial Authorities

We use blockchain technology in the background of our estimates portal; a technology which enables financial authorities to check the basis of our consensus estimates, and blocks manipulation of the archive holding the data.

MiFID II will lead to increased transparency on the capital markets

In a MiFID II world, we see a clear trend that fewer brokers are willing to distribute their analysts’ estimates to third parties. With our free consensus portal we are one of the few sources that can offer comprehensive consensus data, containing estimates from most of the sell-side analysts covering a stock.

Compare apples with apples

The Vara Consensus Portal offers you easy access to consensus estimates on major blue-chip companies. We gather estimates from the most important sell-side analysts, and through rigorous checking we ensure that we have consistent data. On the portal you will find an overview of target prices and recommendations from each broker. We also show cumulated data (KPI average, median, highest and lowest), which you can download as a spreadsheet.


This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.