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>Parsons Corporation's latest financial results for the first quarter of 2025 showcased both strong performance and certain challenges.</li><li>The company achieved record highs in several key financial metrics, including total revenue of $1.6 billion, net income, earnings per share, and adjusted EBITDA.</li><li>This indicates strong underlying business performance amidst a challenging environment, particularly involving a confidential federal contract that continues to operate at a lower volume due to external political factors.</li></ul>

Parsons Corporation's latest financial results for the first quarter of 2025 showcased both strong performance and certain challenges.The company achieved record highs in several key financial metrics, including total revenue of $1.6 billion, net income, earnings per share, and adjusted EBITDA.This indicates strong underlying business performance amidst a challenging environment, particularly involving a confidential federal contract that continues to operate at a lower volume due to external political factors.

Parsons Corporation Surges With Record Backlog & $55 Billion Opportunity Pipeline; A Potential Game Changer?

<ul><li>Parsons Corporation recently reported its financial outcomes for both the fourth quarter and fiscal year 2024, presenting a mixed picture with numerous highlights, challenges, and strategic developments.</li><li>The organization delivered record revenues, an achievement underpinned by a robust year-over-year organic growth of 22% and a commendable 30% increase in adjusted EBITDA.</li><li>However, these impressive figures were tempered somewhat by an adjusted EBITDA margin that saw a modest expansion of 50 basis points to 9%, signaling both growth and areas for potential operational refinement.</li></ul>

Parsons Corporation recently reported its financial outcomes for both the fourth quarter and fiscal year 2024, presenting a mixed picture with numerous highlights, challenges, and strategic developments.The organization delivered record revenues, an achievement underpinned by a robust year-over-year organic growth of 22% and a commendable 30% increase in adjusted EBITDA.However, these impressive figures were tempered somewhat by an adjusted EBITDA margin that saw a modest expansion of 50 basis points to 9%, signaling both growth and areas for potential operational refinement.

Parsons Corporation: Expansion of Cyber & Electronic Warfare Capabilities to Boost Pivotal Growth & Revenue!

<ul><li>Parsons Corporation delivered an impressive performance in the third quarter of 2024, showcasing record results across multiple financial metrics.</li><li>Revenues reached $1.8 billion, marking a 28% year-over-year increase, primarily due to strong organic growth of 26% and strategic acquisitions.</li><li>Notably, the Federal Solutions segment saw significant growth, with revenues increasing by 42%, driven by larger contracts in cyber and intelligence markets.</li></ul>

Parsons Corporation delivered an impressive performance in the third quarter of 2024, showcasing record results across multiple financial metrics.Revenues reached $1.8 billion, marking a 28% year-over-year increase, primarily due to strong organic growth of 26% and strategic acquisitions.Notably, the Federal Solutions segment saw significant growth, with revenues increasing by 42%, driven by larger contracts in cyber and intelligence markets.

Parsons Corporation: Will The Acquisition of BCC Engineering Help Strengthen Its Infrastructure Footprint? - Major Drivers

<ul><li>Parsons Corporation's second quarter 2024 financial results display robust performance, highlighting their successful transition into a high-value solutions provider.</li><li>The company has integrated advanced technologies such as artificial intelligence, cloud computing, and advanced signal processing, which have contributed significantly to their growth.</li><li>Their financial performance reflected in record revenue, adjusted EBITDA, and operating cash flow underscores the company’s strong execution capabilities and strategic focus.</li></ul>

Parsons Corporation's second quarter 2024 financial results display robust performance, highlighting their successful transition into a high-value solutions provider.The company has integrated advanced technologies such as artificial intelligence, cloud computing, and advanced signal processing, which have contributed significantly to their growth.Their financial performance reflected in record revenue, adjusted EBITDA, and operating cash flow underscores the company’s strong execution capabilities and strategic focus.

Parsons Corporation: Initiation Of Coverage - A Tale Of Strategic Acquisitions & Portfolio Optimization! - Major Drivers

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>There are 3 changes for the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX</a>, 8 changes for the S&amp;P Midcap400 Index and 15 changes for the S&amp;P SmallCap600 Index at the September rebalance.</li>
<li>
<a href="https://www.smartkarma.com/entities/dell-technologies-inc" target="_blank" data-smartkarma-citation="entities:32189:1" rel="noopener">Dell Technologies (DELL US)</a> and <a href="https://www.smartkarma.com/entities/palantir-technologies-inc" target="_blank" data-smartkarma-citation="entities:27728:1" rel="noopener">Palantir Technologies (PLTR US)</a> were finally added to the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a> and there is huge size to trade in the stocks.</li>
<li>There will also be big buying in <a href="https://www.smartkarma.com/entities/apple-inc" target="_blank" data-smartkarma-citation="entities:666:1" rel="noopener">Apple (AAPL US)</a> following a float increase driven by <a href="https://www.smartkarma.com/entities/berkshire-hathaway-inc-cl-a" target="_blank" data-smartkarma-citation="entities:1044:1" rel="noopener">Berkshire Hathaway Inc Cl A (BRK/A US)</a> selling last quarter.</li>
</ul>


There are 3 changes for the S&amp;P 500 INDEX, 8 changes for the S&amp;P Midcap400 Index and 15 changes for the S&amp;P SmallCap600 Index at the September rebalance.

Dell Technologies (DELL US) and Palantir Technologies (PLTR US) were finally added to the S&amp;P 500 INDEX (SPX INDEX) and there is huge size to trade in the stocks.
There will also be big buying in Apple (AAPL US) following a float increase driven by Berkshire Hathaway Inc Cl A (BRK/A US) selling last quarter.


S&P500/400/600 Index Rebalance: Dell, Palantir Make It (Finally!); Apple Upweight

United States

Parsons Corporation provides technology driven solutions in the defense, intelligence, and critical infrastructure markets. The company also specializes in cybersecurity, military training, connected communities, physical infrastructure and mobility solutions. Parsons serves clients worldwide.

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Parsons Corp (PSN US)

Parsons Corporation Surges With Record Backlog & $55 Billion Opportunity Pipeline; A Potential Game Changer?

Parsons Corporation's latest financial results for the first quarter of 2025 showcased both strong performance and certain challenges. The company...

Baptista Research

Parsons Corporation: Expansion of Cyber & Electronic Warfare Capabilities to Boost Pivotal Growth & Revenue!

Parsons Corporation recently reported its financial outcomes for both the fourth quarter and fiscal year 2024, presenting a mixed picture with...

Baptista Research

Parsons Corporation: Will The Acquisition of BCC Engineering Help Strengthen Its Infrastructure Footprint? - Major Drivers

Parsons Corporation delivered an impressive performance in the third quarter of 2024, showcasing record results across multiple financial...

Baptista Research

Parsons Corporation: Initiation Of Coverage - A Tale Of Strategic Acquisitions & Portfolio Optimization! - Major Drivers

Parsons Corporation's second quarter 2024 financial results display robust performance, highlighting their successful transition into a high-value...

Baptista Research

S&P500/400/600 Index Rebalance: Dell, Palantir Make It (Finally!); Apple Upweight

There are 3 changes for the SnP500, 8 for the SnP400 and 15 for the SnP600 Index. Dell and Palantir have finally been added. There is huge size to...

Brian Freitas

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