Demystifying Equity Research
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Learn Quarterly Modeling & Research Best Practices
Learn how research professionals approach earnings releases and quarterly model updates, how they formulate the investment thesis, what adjustments they make to normalize financial metrics to arrive at adjusted EBITDA, and best practices when working with quarterly models.
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Led By Experienced Sell-Side Equity Research Professionals
This is an abbreviated version of the training used to onboard sell side research associates at bulge bracket investment banks.
What You'll Learn
- Learn how to approach earnings releases and quarterly model updates.
- Gain practice in analyzing earnings reports and normalizing them to arrive at adjusted EBITDA.
- Learn how to adjust quarterly models and “wrap” quarterly into annual forecasts while handling reconciliation challenges.
- Research considerations
- Types of reports research professionals develop
- Typical research workflow around earnings releases and quarterly model updates
- Research process
- Formulating of investment thesis
- Developing research best practices
- Quarterly model considerations
- Hands-on creation of a quarterly, sell-side equity research model
- “Wrapping” quarterly into annual forecasts and handling reconciliation challenges
- Analysis of earnings reports
- Moving from extraction of key financial metrics to the normalization of financial metrics and adjusted EBITDA
- Reading earnings releases for changing language and interpreting what these changes may mean for the future of a company
Wall Street Prep training is used at ...
Who is this Boot Camp For?
Sell-side analysts and associates
- Sell-side analysts and associates
- Buy-side analysts and associates
- MBA students and business undergraduates
- Anyone looking to get a better understanding of research
Boot Camp Details
Revisit what you learn
This virtual seminar will be recorded and available for you to review any time from your Wall Street Prep learning dashboard.
Overview
Led by experienced sell-side professionals, this boot camp is an introduction on how equity research professionals use financial models to provide research & insights in order to drive investment decisions. Specifically, trainees will learn how ER professionals use earnings releases and quarterly model updates, how they formulate investment theses, adjustments made to normalize financial metrics to arrive at adjusted EBITDA, and modeling best practices.
What’s Included?
Comprehensive training materials, reusable modifiable Excel model templates, unlimited e-mail support for content-related questions for 12 months post-seminar.
Prerequisites
This seminar presumes knowledge of financial accounting (at least 1 semester or equivalent). Participants without this background should enroll in and complete the Accounting Crash Course prior to attending the seminar.
CPE Credit
Wall Street Prep is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
Cancellation Policy
Participants may cancel up to 3 weeks prior to the event for a full refund. A 20% cancellation fee will apply up to 1 week prior to the event. No refunds will be granted for cancellations made within 1 week of the event. Wall Street Prep reserves the right to cancel the seminar if enrollment is insufficient. Trainees will be refunded in full in the event of a cancellation.
Why Attend a Boot Camp?
Comprehensive Training
Our live courses pulls no punches. Each boot camp is the same intensive training used to prepare incoming analysts at top financial institutions.
Learn by Doing
Attendees “learn by doing” by working through practical exercises and building financial models from scratch using real case studies.
Networking Opportunity
Boot camps provide an opportunity to network with MBAs and professionals from industries including investment banking, corp dev and FP&A.
Experienced Instructors
Our instructor-practitioners are experienced bankers who give real-world context by connecting training to their own experience on the desk.
Excel Mastery
Our training reinforces speed, efficiency and consistency in Excel that investment banking analysts are expected to have on Day 1.
Continuing Ed & Webinars
Enrollment to most boot camps includes access to our continuing education online training platform and webinar series.
Earn 9.5 CPE Credits with WSP Online Courses
Questions? We're Standing By.
To learn more about this boot camp, fill out the form below or call us at: 617-314-7685