I wd think that one should start with looking for the right questions first and then look for answers. Instead of a template based analyst report.
Even Warren Buffet says and I quote :
"Almost everything we learn is from public documents.... We do not find it particularly helpful to talk to managements.... The numbers tell us a lot more than the managements. We don't give a hoot about anyone's projections. We don't want even want to hear about it."
He had even greater scorn for analysts: "I don't read any analyst reports. If I read one, it's because the funny pages weren't available. I don't know why anyone does it."