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>EMCOR Group, Inc. recently reported robust first-quarter results for 2025, showcasing strong revenue growth and solid performance across many of its business segments.</li>
<li>The company's revenue increased by 12.7% year over year to $3.87 billion, with a significant contribution from the Electrical and Mechanical Construction segments, which grew by 42.3% and 10.2%, respectively.</li>
<li>This growth was driven by heightened activity in sectors like data centers, healthcare, and industrial projects, reflecting organic expansion and the strategic acquisition of Miller Electric.</li>
</ul>


EMCOR Group, Inc. recently reported robust first-quarter results for 2025, showcasing strong revenue growth and solid performance across many of its business segments.
The company's revenue increased by 12.7% year over year to $3.87 billion, with a significant contribution from the Electrical and Mechanical Construction segments, which grew by 42.3% and 10.2%, respectively.
This growth was driven by heightened activity in sectors like data centers, healthcare, and industrial projects, reflecting organic expansion and the strategic acquisition of Miller Electric.


<ul>
<li>EMCOR Group, Inc. has reported strong financial performance in its fourth quarter and full-year 2024 results.</li>
<li>The company achieved record metrics across various financial indicators, including a diluted earnings per share of $6.32 for the fourth quarter, a 41.4% increase from the same period in the previous year.</li>
<li>Its operating income for the quarter stood at $389 million, while revenues increased by 9.6% year-over-year to $3.77 billion.</li>
</ul>


EMCOR Group, Inc. has reported strong financial performance in its fourth quarter and full-year 2024 results.
The company achieved record metrics across various financial indicators, including a diluted earnings per share of $6.32 for the fourth quarter, a 41.4% increase from the same period in the previous year.
Its operating income for the quarter stood at $389 million, while revenues increased by 9.6% year-over-year to $3.77 billion.


EMCOR Group Inc.: Data Center & High-Tech Manufacturing Growth Is Here To Stay!

US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

Interactive Brokers Group, Inc / Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/interactive-brokers-group-inc" target="_blank" data-smartkarma-citation="entities:13335:1" rel="noopener">Interactive Brokers (IBKR US),</a><a href="https://www.smartkarma.com/entities/duolingo-inc" target="_blank" data-smartkarma-citation="entities:33531:1" rel="noopener">Duolingo (DUOL US)</a> and <a href="https://www.smartkarma.com/entities/emcor-group-inc" target="_blank" data-smartkarma-citation="entities:20703:1" rel="noopener">EMCOR (EME US)</a> are the main candidates for addition at review to replace <a href="https://www.smartkarma.com/entities/enphase-energy-inc" target="_blank" data-smartkarma-citation="entities:8872:1" rel="noopener">Enphase Energy (ENPH US)</a> and <a href="https://www.smartkarma.com/entities/caesars-entertainment-corp" target="_blank" data-smartkarma-citation="entities:15532:1" rel="noopener">Caesars Entertainment (CZR US)</a>. </li>
<li>
<a href="https://www.smartkarma.com/entities/cheniere-energy-inc" target="_blank" data-smartkarma-citation="entities:16683:1" rel="noopener">Cheniere Energy (LNG US)</a> and <a href="https://www.smartkarma.com/entities/applovin-corp" target="_blank" data-smartkarma-citation="entities:32989:1" rel="noopener">AppLovin (APP US)</a> are the main candidates for the replacement of the acquisition of <a href="https://www.smartkarma.com/entities/ansys-inc" target="_blank" data-smartkarma-citation="entities:15473:1" rel="noopener">Ansys (ANSS US)</a> which is anticipated end of June.</li>
<li>There is a possibility of zero S&amp;P500 changes at the review due to candidates scoring low in market cap and sector balance.</li>
</ul>



Interactive Brokers (IBKR US),Duolingo (DUOL US) and EMCOR (EME US) are the main candidates for addition at review to replace Enphase Energy (ENPH US) and Caesars Entertainment (CZR US). 

Cheniere Energy (LNG US) and AppLovin (APP US) are the main candidates for the replacement of the acquisition of Ansys (ANSS US) which is anticipated end of June.
There is a possibility of zero S&amp;P500 changes at the review due to candidates scoring low in market cap and sector balance.


S&P500 June 2025 Review Forecast: Weak but Interactive, Time for Duolingo?

<ul>
<li>EMCOR Group's third-quarter 2024 results reflect significant revenue growth, robust operating income, and a strong backlog of projects, underscoring its strategic expansion into resilient market sectors.</li>
<li>The company reported record revenues of $3.7 billion, showing a 15.3% increase year-over-year, and operating income surged by 54.7% to $363.5 million.</li>
<li>Diluted earnings per share also rose considerably from $3.57 in the third quarter of 2023 to $5.80 this quarter.</li>
</ul>


EMCOR Group's third-quarter 2024 results reflect significant revenue growth, robust operating income, and a strong backlog of projects, underscoring its strategic expansion into resilient market sectors.
The company reported record revenues of $3.7 billion, showing a 15.3% increase year-over-year, and operating income surged by 54.7% to $363.5 million.
Diluted earnings per share also rose considerably from $3.57 in the third quarter of 2023 to $5.80 this quarter.


EMCOR Group Inc.: An Analysis Of Its Data Center Expansion & AI Integration

<ul>
<li>EMCOR Group Inc. reported impressive results for the second quarter of 2024, demonstrating strong financial and operational performance across its various segments.</li>
<li>The company, renowned for its expertise in mechanical and electrical construction, as well as building and industrial services, showcased a significant uptick in productivity and financial metrics during the quarter, achieving record highs in several areas.</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>


EMCOR Group Inc. reported impressive results for the second quarter of 2024, demonstrating strong financial and operational performance across its various segments.
The company, renowned for its expertise in mechanical and electrical construction, as well as building and industrial services, showcased a significant uptick in productivity and financial metrics during the quarter, achieving record highs in several areas.
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.


EMCOR Group: Its Hyperscale Data Center Expansion Is A Crucial Growth Catalyst! - Major Drivers

United States

EMCOR Group, Inc. provides mechanical and electrical construction and facilities services around the world.  The Company specializes in the design, installation, integration, and start-up of distribution systems for electrical power, lighting systems, low-voltage systems such as fire and security alarms, voice and data communication systems, ventilation systems, and plumbing and piping systems.

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Emcor Group Inc (EME US)

EMCOR Group : Flexes Financial Muscle...

EMCOR Group, Inc. recently reported robust first-quarter results for 2025, showcasing strong revenue growth and solid performance across many of...

Baptista Research

EMCOR Group Inc.: Data Center & High-Tech Manufacturing Growth Is Here To Stay!

Its operating income for the quarter stood at $389 million, while revenues increased by 9.6% year-over-year to $3.77 billion.

Baptista Research

S&P500 June 2025 Review Forecast: Weak but Interactive, Time for Duolingo?

No index changes materialized, and the candidates are weak indeed. Nonetheless, I still expected eligible midcap constituents to replace CZR and/or...

Dimitris Ioannidis

EMCOR Group Inc.: An Analysis Of Its Data Center Expansion & AI Integration

The company reported record revenues of $3.7 billion, showing a 15.3% increase year-over-year, and operating income surged by 54.7% to $363.5 million.

Baptista Research

EMCOR Group: Its Hyperscale Data Center Expansion Is A Crucial Growth Catalyst! - Major Drivers

EMCOR Group Inc. reported impressive results for the second quarter of 2024, demonstrating strong financial and operational performance across its...

Baptista Research

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