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>Eagle Materials reported mixed results in its third quarter of fiscal 2026.</li><li>Despite a challenging construction environment, the company generated $556 million in revenue and reported an earnings per share (EPS) of $3.22, translating to a gross profit margin of 28.9%.</li><li>There was a decline in revenue from the previous year primarily due to lower sales volumes in wallboard and paperboard, which offset gains in cement sales and contributions from the newly acquired Aggregates business.</li></ul>

Eagle Materials reported mixed results in its third quarter of fiscal 2026.Despite a challenging construction environment, the company generated $556 million in revenue and reported an earnings per share (EPS) of $3.22, translating to a gross profit margin of 28.9%.There was a decline in revenue from the previous year primarily due to lower sales volumes in wallboard and paperboard, which offset gains in cement sales and contributions from the newly acquired Aggregates business.

Eagle Materials’ National Footprint Is Paying Off—Why Broad-Based Demand Matters Right Now!

<ul><li>Eagle Materials reported strong results for the second quarter of fiscal year 2026, reaching record revenue of $639 million with a gross margin of 31.3%.</li><li>The earnings per share for the period was $4.23, which marked a slight decline of 1% compared to the previous year, largely due to reduced wallboard sales volume.</li><li>Despite facing challenges from a pullback in residential construction, the company achieved substantial progress on strategic projects, notably the modernization of its Laramie, Wyoming cement plant and the upgrade of its Duke, Oklahoma wallboard plant.</li></ul>

Eagle Materials reported strong results for the second quarter of fiscal year 2026, reaching record revenue of $639 million with a gross margin of 31.3%.The earnings per share for the period was $4.23, which marked a slight decline of 1% compared to the previous year, largely due to reduced wallboard sales volume.Despite facing challenges from a pullback in residential construction, the company achieved substantial progress on strategic projects, notably the modernization of its Laramie, Wyoming cement plant and the upgrade of its Duke, Oklahoma wallboard plant.

Eagle Materials: Capitalizing On Infra Investments & Non-Residential Demand But For How Long?

<ul><li>Eagle Materials reported a strong start to its fiscal year 2026, achieving record first-quarter revenue of $634.7 million, up 4% from the previous year, and delivered diluted net earnings per share of $3.76.</li><li>The company continued its operational focus despite dealing with challenging weather conditions in many of its cement, concrete, and aggregate markets.</li><li>The result underscores Eagle Materials' ability to maintain resilience across market cycles, emphasized through their low-cost producer status and enhanced operational metrics.</li></ul>

Eagle Materials reported a strong start to its fiscal year 2026, achieving record first-quarter revenue of $634.7 million, up 4% from the previous year, and delivered diluted net earnings per share of $3.76.The company continued its operational focus despite dealing with challenging weather conditions in many of its cement, concrete, and aggregate markets.The result underscores Eagle Materials' ability to maintain resilience across market cycles, emphasized through their low-cost producer status and enhanced operational metrics.

Eagle Materials Rides Infrastructure Boom With Surging Cement Demand & Pricing Power!

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul><li>This past week, the S&amp;P 500 snapped a five-week winning streak and Nasdaq snapped an eight-week winning streak.</li><li>Last week also saw the Nasdaq post 4 consecutive days of net new lows, signaling caution.</li><li>A healthy and much needed pullback could offer opportunities ahead of the upcoming second quarter earnings season.</li></ul>

This past week, the S&amp;P 500 snapped a five-week winning streak and Nasdaq snapped an eight-week winning streak.Last week also saw the Nasdaq post 4 consecutive days of net new lows, signaling caution.A healthy and much needed pullback could offer opportunities ahead of the upcoming second quarter earnings season.

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

<p>We have said it before and we will say it again; new highs are not a sell signal. This time we are referring to the S&amp;P 500 which is breaking out to all-time highs (above the prior February highs), something we have been able to say about the Nasdaq 100 for over two months. Breadth remains <em>constructive</em> for small- and large-caps and yesterday’s price action appears to be the start of yet another rotation into cyclical value/”reopening” plays. Our outlook remains bullish and we believe the path of least resistance remains higher. In today’s report we highlight attractive Groups and stocks within Materials &amp; Technology.</p>

We have said it before and we will say it again; new highs are not a sell signal. This time we are referring to the S&amp;P 500 which is breaking out to all-time highs (above the prior February highs), something we have been able to say about the Nasdaq 100 for over two months. Breadth remains constructive for small- and large-caps and yesterday’s price action appears to be the start of yet another rotation into cyclical value/”reopening” plays. Our outlook remains bullish and we believe the path of least resistance remains higher. In today’s report we highlight attractive Groups and stocks within Materials &amp; Technology.

U.S. Equity Strategy: All-Time Highs Are Not a Sell Signal

United States

Eagle Materials Inc. manufactures and distributes cement, gypsum wallboard, recycled paperboard, and concrete and aggregates.  The Company's products are used in the construction of homes, commercial and industrial buildings, and governmental buildings across the United States.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Eagle Materials (EXP US)

Eagle Materials’ National Footprint Is Paying Off—Why Broad-Based Demand Matters Right Now!

Eagle Materials reported mixed results in its third quarter of fiscal 2026. Despite a challenging construction environment, the company generated...

Baptista Research

Eagle Materials: Capitalizing On Infra Investments & Non-Residential Demand But For How Long?

Eagle Materials reported strong results for the second quarter of fiscal year 2026, reaching record revenue of $639 million with a gross margin of...

Baptista Research

Eagle Materials Rides Infrastructure Boom With Surging Cement Demand & Pricing Power!

Eagle Materials reported a strong start to its fiscal year 2026, achieving record first-quarter revenue of $634.7 million, up 4% from the previous...

Baptista Research

Weekly Stock Bullfinder - Week of 6/26

This past week, the S&P 500 snapped a five-week winning streak and Nasdaq snapped an eight-week winning streak. Last week also saw the Nasdaq post...

Weekly Stock Bull Finder

U.S. Equity Strategy: All-Time Highs Are Not a Sell Signal

We have said it before and we will say it again; new highs are not a sell signal. This time we are referring to the S&P 500 which is breaking...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)