Why would the figures coming from Stock Central (Morningstar) vary from those of the NAIC feed (S&P data).  In our club, I use your feed and another member uses Better Investing's feed.  We both compared figures in our PERT A columns and found fairly significant differences for banks.  We then compared company figures and while there were fewer differences, there were differences.  For example, why would sales figures be exactly the same for some quarters reported but significantly different for another quarter?  The differences were enough in some instances for me to come up with a "buy" and the other member a "hold".  We used identical strategies, such as the estimated future sales, etc.

Both S&P and Morningstar provide "normalized" EPS and figures based on their own analysts' examination of the reported financials, adjusting the results to reflect results from ongoing operations. Often, two analysts will examine the same company and reach different conclusions.

The BI feed presents preliminary results from recent quarters which are subject to later revision. These changes would be downloaded into your SSG software as long as the program is set to download full updates each time you update your companies, and NOT to download "changes only."  Make sure that your stock studies are both using data from the same time frames and recent quarters, since the PERT could be affected if not.

In the case of financial companies, our StockCentral data feed reports revenues according to this formula:

Net Interest Income + Non-interest Income - Loan Loss Provisions = Revenue

which is more commonly used in the industry when analyzing a bank stock. This will vary from the company's "as reported" data but is a more appropriate way to compare and study banks.

When we want to "double-check" the Morningstar data used in StockCentral, we often will compare it to the data presented on the Reuters web site for that company as well as to the underlying source data reported by the company (paying particular attention to the footnotes in the financial statements). This usually clarifies the reason for any discrepancies.

Doug