Gutenberg Research
  • Home
  • Models
  • Education
    • Cooperative Education Program >
      • Enroll Today >
        • Program Enrollment (Virtual)
        • Program Enrollment (Bootcamp - Boston)
        • Program Enrollment (Bootcamp - New York)
      • Training Hub (Winter'22-'23) >
        • Meetings >
          • Kick-off Call/Orientation (Winter'22-'23)
          • Meeting 1: Building the Model (Winter'22-'23)
          • Meeting 2: Entering Your Forecast Into The Model (Winter'22-'23)
          • Meeting 3: Target Valuation (Winter'22-'23)
          • Meeting 4: Live Starbucks Release (Winter'22-'23)
          • Meeting 5: Live FOMC Policy Release & ERP Update (Winter'22-'23)
        • Classes >
          • Class 1 - Introduction to Financial Modeling (Winter'22-'23)
          • Class 2 - Building the Income Statement (Winter'22-'23)
          • Class 3 - Balance Sheet and Cash Flow Modeling (Winter'22-'23)
          • Class 4 - Model Calibration & Forecasting (Winter'22-'23)
          • Class 5 - The DCF Inputs: Beta, ERP, CAPM, & WACC (Winter'22-'23)
          • Class 6 - Discounted Cash Flow Valuation (Winter'22-'23)
          • Class 7 - Market Multiple-Based Valuation (Winter'22-'23)
          • Class 8 - How to Use Your Earnings Model (Winter'22-'23)
        • Other Program Links >
          • About the Exam
          • Co-op Program Exam
          • Model Submission (Winter'22-'23)
          • Co-op Bio Form
          • Co-op Q&A (Winter'22-'23)
    • Books >
      • Procrastinator's Guide - SBUX >
        • Templates - SBUX
      • Book Registration - Third Edition >
        • Templates - Third Edition
      • Book Registration - Second Edition >
        • Templates - Second Edition
  • About
    • Contact
    • Email Distribution Sign-up
    • Terms of Use
    • Privacy Policy

About Gutenberg Research

​​We are an interactive earnings modeling community, driving the evolution of equity research. Our mission is to make dynamic earnings models, available to everyone. We are currently experimenting with new ways to engage our community of modelers. Our focus this winter will be on our Learn, Work, & Play program, which offers exciting new opportunities for our community to participate in our coverage of the earnings season. Please register here to join in on the fun.

Modeling Training Program

Our Cooperative Modeling Program is a real-world, real-time financial modeling experience. Our students build a three-statement financial model and project earnings for a public company prior to the quarterly filing. Then on the night of the company’s earnings release, our class analyzes the results, listens to the conference call, and updates the model together as a group. This approach helps give the students a true sell-side research experience...continue reading

Popular Models

Microsoft Corp (NASDAQ MSFT)
Microsoft Corp (NASDAQ:MSFT)
​To forecast revenue, this model applies growth rates to the four reportable segments: Productivity & Business Processes, Intelligent Cloud, More Personal Computing, and Corporate.
Facebook (NASDAQ FB)
Meta Platforms (NASDAQ:META)
​This model uses Monthly Active User growth rates and Average Revenue Per User to project future Revenue. Ratio analysis is used to complete the financial statements.

Alphabet Inc (NASDAQ GOOGL)
Alphabet Inc (NASDAQ:GOOGL)
This model breaks down Alphabet’s results by segment. Revenue is shown gross and net of Traffic Acquisition Costs (TAC). Ratio analysis is used to complete the financial statements.
Apple Inc (NASDAQ AAPL)
Apple Inc (NASDAQ:AAPL)
​This model uses iPhone, iPad, Mac, services, and Wearables, Home & Accessories growth rates to project future revenue. Ratio analysis is used to complete the Income Statement.

Netflix Inc (NASDAQ NFLX)
Netflix Inc (NASDAQ:NFLX)
​This model breaks down Netflix’s earnings by segment: Domestic Streaming, International Streaming, and DVD. Growth in users and revenue per user are used to estimate future earnings.
The Federal Reserve Washington
Equity Risk Premium Model
In this spreadsheet we estimate the market Equity Risk Premium (ERP) using the Constant Sharpe approach, and forecasts for interest rates, volatility, and equity market returns.

Home Depot Inc (NYSE HD)
Tesla Inc (NASDAQ:TSLA)
​
This model uses vehicle production, delivery, Average Selling Price (ASP), and ratio analysis to forecast earnings.
Starbucks Corporation (NASDAQ SBUX)
Starbucks Corp (NASDAQ:SBUX)
​This model uses estimates of new stores and revenue per store by geographic region to project future revenue.
Gutenberg Research is a media and education company. The information presented on our website and within Gutenberg Research models, files, or other content does not represent investment advice. Data and information presented on this website, or on third party websites posted by us, within our models, files, and other content is for demonstration only, and is presented “as is”. Neither Gutenberg Research nor any Gutenberg Research agents or associates are liable for any errors, delays, incompleteness of data presented, or for actions taken based on reliance on any information contained on this website or within Gutenberg Research models or other content. Investors should consult a professional investment adviser prior to making investment decisions. By accessing this site and/or receiving our models or other content you are deemed to have read and agreed to our Terms of Use posted on this website. This website uses Cookies, refer to our Privacy Policy for details. The Gutenberg Research logo is among the registered and unregistered trademarks of Gutenberg Research LLC. © Gutenberg Research LLC 2023. All Rights Reserved.