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. With the assistance of our Contributor Analysts, we are currently building an inventory of models covering companies from multiple industries...continue reading 

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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

Our Modeling Approach

​We calibrate our Basic and Premium Models to meet the consensus analyst estimates. This gives our model users a base-line starting point from which they can make adjustments using their own expectations ...continue reading

Become a Contributor

You don't have to work on Wall Street to become a financial modeling expert. Join our community of contributors today ...continue reading

Popular Models

​Try downloading our consensus-based earnings model for your favorite company, and plug in your own forecast today. The models below represent our most downloaded companies.
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.
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.
 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)
Facebook Inc (NASDAQ:FB)
​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.
 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.