Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Bright Horizons Family Solutions / Equity Bottom-Up

<ul>
<li>Bright Horizons Family Solutions recently reported its third-quarter financial results, delivering strong performance with notable growth across its key service segments.</li>
<li>Revenue increased by 12% to $803 million, driven by significant demand for its education and care benefits.</li>
<li>Adjusted earnings per share rose by 41% to $1.57, exceeding the company's expectations.</li>
</ul>


Bright Horizons Family Solutions recently reported its third-quarter financial results, delivering strong performance with notable growth across its key service segments.
Revenue increased by 12% to $803 million, driven by significant demand for its education and care benefits.
Adjusted earnings per share rose by 41% to $1.57, exceeding the company's expectations.


Bright Horizons' Backup Care Upside: What’s Behind Its Explosive 26% Surge?

<ul>
<li>Bright Horizons Family Solutions reported a robust start to 2025, with revenue increasing by 7% to $666 million and adjusted EPS rising by 51% to $0.77 per share.</li>
<li>This growth is driven by strategic execution across its business segments, indicating a positive trajectory despite some economic headwinds.</li>
<li>The Full Service Child Care segment grew by 6% to $511 million, with operating margins expanding by 210 basis points to 6.5%.</li>
</ul>


Bright Horizons Family Solutions reported a robust start to 2025, with revenue increasing by 7% to $666 million and adjusted EPS rising by 51% to $0.77 per share.
This growth is driven by strategic execution across its business segments, indicating a positive trajectory despite some economic headwinds.
The Full Service Child Care segment grew by 6% to $511 million, with operating margins expanding by 210 basis points to 6.5%.


Bright Horizons Family Solutions: Utilization & Recovery to Pre-COVID Levels To UP Their Game!

<ul>
<li>Bright Horizons Family Solutions concluded its fourth quarter and full-year 2024 with notable financial results, reflecting significant revenue and earnings growth.</li>
<li>For the year, the company reported an 11% increase in total revenue and a remarkable 22% growth in adjusted EPS, surpassing initial projections.</li>
<li>A key contributor to this performance was the back-up care segment, which exceeded expectations on revenue and operating income, thereby strengthening the company's overall business mix.</li>
</ul>


Bright Horizons Family Solutions concluded its fourth quarter and full-year 2024 with notable financial results, reflecting significant revenue and earnings growth.
For the year, the company reported an 11% increase in total revenue and a remarkable 22% growth in adjusted EPS, surpassing initial projections.
A key contributor to this performance was the back-up care segment, which exceeded expectations on revenue and operating income, thereby strengthening the company's overall business mix.


Bright Horizons’ Backup Care Boom: $600 Million Powerhouse Reshaping the Future of Childcare!

Analyst, Schoolhouse Solutions

Daniel Su

Analyst

Schoolhouse Solutions

Schoolhouse is a strategy and research provider for the Education sector. We publish differentiated reports and bespoke research on the sector, focused on private and public companies in Asia-Pacific. Our team has decades of experience working with Education companies ranging from K-12 to Tertiary and Edtech.

Strategy and Research Provider

Thematic (Sector/Industry)

<ul>
<li>The education sector remains resilient despite headline privatisations, with market cap only slightly down to US$142bn after the removal of <a href="https://www.smartkarma.com/entities/powerschool-holdings-inc" target="_blank" data-smartkarma-citation="entities:36946:1" rel="noopener">PowerSchool Holdings (PWSC US)</a> and <a href="https://www.smartkarma.com/entities/instructure-holdings-inc" target="_blank" data-smartkarma-citation="entities:26502:1" rel="noopener">Instructure Holdings (INST US)</a>.</li>
<li>AI disruption is reshaping the landscape, with key players like <a href="https://www.smartkarma.com/entities/chegg-inc" target="_blank" data-smartkarma-citation="entities:10114:1" rel="noopener">Chegg Inc (CHGG US)</a> collapsing while innovators like <a href="https://www.smartkarma.com/entities/duolingo-inc" target="_blank" data-smartkarma-citation="entities:33531:1" rel="noopener">Duolingo (DUOL US)</a> surge, highlighting a potential shift in investor focus.</li>
<li>M&amp;A and IPO activity is reawakening, with <a href="https://www.smartkarma.com/entities/kindercare-learning-cos-inc" target="_blank" data-smartkarma-citation="entities:35721:1" rel="noopener">KinderCare Learning (KLC US)</a> 's IPO, India's robust upcoming pipeline, and renewed private equity interest pointing to a cyclical upturn.</li>
</ul>


The education sector remains resilient despite headline privatisations, with market cap only slightly down to US$142bn after the removal of PowerSchool Holdings (PWSC US) and Instructure Holdings (INST US).
AI disruption is reshaping the landscape, with key players like Chegg Inc (CHGG US) collapsing while innovators like Duolingo (DUOL US) surge, highlighting a potential shift in investor focus.
M&amp;A and IPO activity is reawakening, with KinderCare Learning (KLC US) 's IPO, India's robust upcoming pipeline, and renewed private equity interest pointing to a cyclical upturn.


Valuations, Visas & Venture Pullback: An Equity + M&A Overview of the Education Sector in Q1 2025

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Super Micro Computer / Technical Analysis

<ul>
<li>We are seeing signs that this 2+ month consolidation in the S&amp;P 500 and Nasdaq 100 (QQQ) is ready to break out to the upside. Buy/stay long.</li>
<li>Part of that is the obvious; both the SPX and QQQ are breaking out to marginal new highs. </li>
<li>The other part that has kept us bullish this whole time is that market dynamics have remained risk-on, which we have discussed on a weekly basis.</li>
</ul>


We are seeing signs that this 2+ month consolidation in the S&amp;P 500 and Nasdaq 100 (QQQ) is ready to break out to the upside. Buy/stay long.
Part of that is the obvious; both the SPX and QQQ are breaking out to marginal new highs. 
The other part that has kept us bullish this whole time is that market dynamics have remained risk-on, which we have discussed on a weekly basis.


S&P 500 and Nasdaq 100 Breaking Out; Upside Resuming; DXY and Yields Forming Major Tops?

United States

Bright Horizons Family Solutions Inc. provides child care and early education services as well as other services designed to help employers and families better address the challenges of work and life. The Company provides services primarily under multi-year contracts with employers who offer child care and other dependent care solutions as part of their employee benefits packages.

Bright Horizons Family Solutions (BFAM US)

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Bright Horizons Family Solutions (BFAM US)

Bright Horizons' Backup Care Upside: What’s Behind Its Explosive 26% Surge?

Bright Horizons Family Solutions recently reported its third-quarter financial results, delivering strong performance with notable growth across...

Baptista Research

Bright Horizons Family Solutions: Utilization & Recovery to Pre-COVID Levels To UP Their Game!

Bright Horizons Family Solutions reported a robust start to 2025, with revenue increasing by 7% to $666 million and adjusted EPS rising by 51% to...

Baptista Research

Bright Horizons’ Backup Care Boom: $600 Million Powerhouse Reshaping the Future of Childcare!

Bright Horizons Family Solutions concluded its fourth quarter and full-year 2024 with notable financial results, reflecting significant revenue and...

Baptista Research

Valuations, Visas & Venture Pullback: An Equity + M&A Overview of the Education Sector in Q1 2025

Education sector resilient post-privatisations, AI disruption reshaping landscape, M&A/IPO activity reawakening - potential shift in investor focus.

Daniel Su

S&P 500 and Nasdaq 100 Breaking Out; Upside Resuming; DXY and Yields Forming Major Tops?

S&P 500 $SPX and Nasdaq 100 $QQQ Breaking Out; Upside Resuming; Dip Buys Bearing Fruit; $DXY and 10-year Treasury Yield Forming Major Tops?;...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Bright Horizons' Backup Care Upside: What’s Behind Its Explosive 26% Surge?

Bright Horizons Family Solutions recently reported its third-quarter financial results, delivering strong performance with notable growth across...

Baptista Research

Bright Horizons Family Solutions: Utilization & Recovery to Pre-COVID Levels To UP Their Game!

Bright Horizons Family Solutions reported a robust start to 2025, with revenue increasing by 7% to $666 million and adjusted EPS rising by 51% to...

Baptista Research

Bright Horizons’ Backup Care Boom: $600 Million Powerhouse Reshaping the Future of Childcare!

Bright Horizons Family Solutions concluded its fourth quarter and full-year 2024 with notable financial results, reflecting significant revenue and...

Baptista Research

Valuations, Visas & Venture Pullback: An Equity + M&A Overview of the Education Sector in Q1 2025

​Education sector resilient post-privatisations, AI disruption reshaping landscape, M&A/IPO activity reawakening - potential shift in investor focus.

Daniel Su

S&P 500 and Nasdaq 100 Breaking Out; Upside Resuming; DXY and Yields Forming Major Tops?

S&P 500 $SPX and Nasdaq 100 $QQQ Breaking Out; Upside Resuming; Dip Buys Bearing Fruit; $DXY and 10-year Treasury Yield Forming Major Tops?;...

Vermilion Research

Education sector resilient post-privatisations, AI disruption reshaping landscape, M&A/IPO activity reawakening - potential shift in investor focus.