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

<ul><li>Based on the Q1 2024 earnings, Corning Incorporated appears to be in a position of growth and profitability.</li><li>With sales close to $3.3 billion and EPS of $0.38, the company exceeds its guidance predictions.</li><li>There was a year-over-year gross margin growth of 160 basis points to 36.8%, and a substantial improvement in free cash flow by $300 million.</li></ul>

Based on the Q1 2024 earnings, Corning Incorporated appears to be in a position of growth and profitability.With sales close to $3.3 billion and EPS of $0.38, the company exceeds its guidance predictions.There was a year-over-year gross margin growth of 160 basis points to 36.8%, and a substantial improvement in free cash flow by $300 million.

Corning Incorporated: Are The Returns On Its Display Business Good Enough? - Major Drivers

<ul><li>Corning Incorporated reported its fourth-quarter and full-year earnings for the year 2023.</li><li>The company reported $3.3 billion for the quarter, gross margin of 37%, and earnings per share (EPS) of $0.39, meeting expectations.</li><li>There was also $0.5 billion in free cash flow.</li></ul>

Corning Incorporated reported its fourth-quarter and full-year earnings for the year 2023.The company reported $3.3 billion for the quarter, gross margin of 37%, and earnings per share (EPS) of $0.39, meeting expectations.There was also $0.5 billion in free cash flow.

Corning Incorporated: Will The Continued Demand in Optical Communications Become A Major Growth Catalyst In 2024 & Beyond? - Key Drivers

<ul><li>Corning delivered mixed results in its most recent quarter, with revenues above analysts' expectations but below-par earnings.</li><li>During the last quarter, Corning made significant progress in improving profitability and cash flow in response to the challenging post-pandemic economic conditions.</li><li>As a result, the gross margin improved, and the free cash flow increased.</li></ul>

Corning delivered mixed results in its most recent quarter, with revenues above analysts' expectations but below-par earnings.During the last quarter, Corning made significant progress in improving profitability and cash flow in response to the challenging post-pandemic economic conditions.As a result, the gross margin improved, and the free cash flow increased.

Corning Incorporated: Redefining Resilience & Emerging More Assertive Amid the Global Economic Recovery! - Key Drivers

Equity Capital Markets

<ul><li>Corning saw a sequential drop in its total revenues of around 7% in the recent result but this was still better than analyst expectations.</li><li>Despite the lower sales, Corning's actions to raise prices and restore productivity ratios resulted in gross margin expanding 160 basis points.</li><li>Although multiple markets remain weak, the company expects results to improve in the second quarter.</li></ul>

Corning saw a sequential drop in its total revenues of around 7% in the recent result but this was still better than analyst expectations.Despite the lower sales, Corning's actions to raise prices and restore productivity ratios resulted in gross margin expanding 160 basis points.Although multiple markets remain weak, the company expects results to improve in the second quarter.

Corning Incorporated: Is The Drop In Revenues A Point Of Concern? – Key Drivers

<ul><li>Corning faced the impact of a series of pandemic-driven effects during the last quarter but the company managed to deliver an all-around beat.</li><li>The purchase of laptops, tablets, smartphones, televisions, and cars was below the company’s estimation in the last quarter.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Corning faced the impact of a series of pandemic-driven effects during the last quarter but the company managed to deliver an all-around beat.The purchase of laptops, tablets, smartphones, televisions, and cars was below the company’s estimation in the last quarter.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Corning Inc: Gorilla Glass Victus 2 & Other Developments

United States

Corning Incorporated is a global, technology-based company. The Company produces optical fiber, cable, and photonic components for the telecommunications industry, as well as manufactures glass panels, funnels, liquid crystal display glass and projection video lens assemblies for the information display industry.

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Corning Inc (GLW US)

Corning Incorporated: Are The Returns On Its Display Business Good Enough? - Major Drivers

Based on the Q1 2024 earnings, Corning Incorporated appears to be in a position of growth and profitability. With sales close to $3.3 billion and...

Baptista Research

Corning Incorporated: Will The Continued Demand in Optical Communications Become A Major Growth Catalyst In 2024 & Beyond? - Key Drivers

Corning Incorporated reported its fourth-quarter and full-year earnings for the year 2023. The company reported $3.3 billion for the quarter,...

Baptista Research

Corning Incorporated: Redefining Resilience & Emerging More Assertive Amid the Global Economic Recovery! - Key Drivers

Corning delivered mixed results in its most recent quarter, with revenues above analysts' expectations but below-par earnings. During the last...

Baptista Research

Corning Incorporated: Is The Drop In Revenues A Point Of Concern? – Key Drivers

Corning saw a sequential drop in its total revenues of around 7% in the recent result but this was still better than analyst expectations. Despite...

Baptista Research

Corning Inc: Gorilla Glass Victus 2 & Other Developments

Corning faced the impact of a series of pandemic-driven effects during the last quarter but the company managed to deliver an all-around beat. The...

Baptista Research

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