Gutenberg Research

Today marks the conclusion of the second quarter earnings season round of our Financial Modeling Intern Program, as the subject company, Starbucks Corp has reported results. This round was the most successful so far as more than 40% of the students who started the program successfully passed the intern exam and published their earnings models. As a result of the students’ hard work, our modeling community benefited from a diverse set of opinions ahead of Starbucks earnings ...release. Our interns considered many different factors in their models including: the effect of macroeconomic changes in different regions, changes in the competitive landscape particularly in China, the impact of new beverage launches and changes to the Starbucks loyalty program, the impact a cut in interest rates could have on the U.S. Dollar and how that might affect Starbucks’ earnings from other regions, and the impact recent increases in debt and share repurchases could have on future results. Check out their published models, under the Models From Our Community section of the Starbucks model page: https://www.gutenbergresearch.com/starbucks-earnings-model. We are looking forward to kicking-off the 3Q earnings season (covering Tesla) in mid-August. Can’t wait to see what the team comes up with!

Gutenberg Research is an interactive earnings modeling community. Our Purpose is to drive the evolution of equity research through financial modeling. Our Goal is to make earnings models for publicly traded companies available to all research participants. Our Vision is an ultra-efficient research market where all participants are able to contribute their opinions in a challengeable environment backed by both qualitative and quantitative support. Our Mission is to grow the Gu...tenberg community, seeking out like minded analysts who share our vision for the future of research, and educate and empower those who wish to join our efforts. The Gutenberg name and philosophy are inspired by the fifteenth century visionary and inventor of the printing press, Johannes Gutenberg. Gutenberg's press forever altered the state of communication and flow of information through the mass production of books, changing literacy from a luxury of an elite few, to a right of all people. Now, taking a page from Johannes Gutenberg’s book, we are making earnings models available to the masses, rather than tools available only to the highest paying clients. Join our community today at GutenbergResearch.com

Want to add financial modeling to your resume? Check out our training program which provides a straightforward, step-by-step approach to financial modeling. The curriculum demonstrates how to build a financial model from the ground up, starting with a blank spreadsheet, and ending with a comprehensive set of interrelated financial statements and share valuation estimates. The program mimics the on-the-job experience one would receive as a new Equity Research Associate at an investment bank. Click for details or to get started today: https://www.gutenbergresearch.com/certificateprogram.html

We are currently recruiting Financial Modeling Interns for the second quarter earnings season. Our program is a part-time, virtual internship, which simulates the experience one would receive working as a sell-side Research Associate at an investment bank. We teach our interns how to use models to estimate a company's future earnings, and publish their work to showcase their modeling skills to future employers. Click for details or to sign-up: https://www.gutenbergresearch.com/gutenberg-virtual-intern.