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Introduction to Equity Research Modeling & Analysis – Wall Street Prep

May 7, 2021 | 1:00 PM - 5:00 PM

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Cvent Transition Guide

Demystifying Equity Research

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.

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.

CFANY.org: $319.20Standard Rate: $399

THIS IS NOT AN ACADEMIC EXERCISE. It is taught by experienced M&A professionals with a specific focus on M&A accounting issues typically encountered on the job.

Who is this boot camp for?

  • 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

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 You’ll Learn

  • Understand various factors that make up investment thesis.
  • 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
  • Analysis of earnings reports
    • Moving from extraction of key financial metrics to the normalization of financial metrics and adjusted EBITDA
  • Quarterly model considerations
    • Adjustments to quarterly models
    • “Wrapping” quarterly into annual forecasts and handling reconciliation challenges

This virtual training session is scheduled for 1-5p (ET). The session will use interactive exercises as learners move back and forth between classroom lecture and small group breakout rooms.

What’s Included?

Comprehensive training materials, reusable modifiable Excel model templates, unlimited e-mail support for content-related questions for 12 months post-seminar.


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
Earn 4.5 CPE Credits for this Seminar

CPE logoWall 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 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.nasbaregistry.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.