6 questions reported in Evercore ISI interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
Questions
Easy · Medium
Hard
Model builds
Built in the spreadsheet grid
Driver-based models, differentiated estimates and defending a rating. 6 questions
A common interview question for candidates expected to explain ratings and valuation to clients.
A stock trades at $40. Your forecast is $3.00 of next-year EPS and you believe 18x is the appropriate forward P/E multiple. Set a price target and explain what else belongs in the recommendation.
The deliverable a new research associate works toward.
You're initiating coverage on a sector with eight companies. Walk me through the process and what the initiation note contains.
A sell-side research output simulation prioritising what clients need immediately after earnings.
A covered software company reports a revenue beat, an EPS beat and lower full-year margin guidance. Produce the first client flash after validating the moving pieces.
A senior-style judgement test for associates who must defend a published view through volatile results and client challenge.
Your sector team is considering upgrading a stock after a 25% decline. Consensus has already fallen, management credibility is weak, and the valuation looks cheap on your model. How would you decide…
Research interviews probe intellectual honesty, because the job is being wrong in public.
You have a Buy rating and the stock is down 30% since initiation. A client calls. What do you say?
A post-results modelling case testing whether an associate can separate a superficially in-line quarter from a changed earnings algorithm.
Your covered company reports EPS exactly in line with consensus. Segment A revenue grows 12% versus your 8% forecast, but Segment B revenue falls 6% versus your expected flat result. Consolidated EBIT…
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
Company tags reflect where a question type is commonly reported in interviews. They are not sourced from, endorsed by, or affiliated with Evercore ISI.