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>Union Pacific Corporation, one of the leading railroad operators in the United States, presents its Q1 2024 results with notable success in operating revenue and increased net income.</li><li>Despite numerous economic challenges including reduced volumes and lower fuel surcharge revenues, Union Pacific continues to pull its weight with core pricing gains and robust financial growth.</li><li>In Q1 2024, Union Pacific reported a net income of USD 1.6 billion or $2.69 per share, demonstrating a growth from Q1 2023's net income that was parallel in value but at $2.67 per share.</li></ul>

Union Pacific Corporation, one of the leading railroad operators in the United States, presents its Q1 2024 results with notable success in operating revenue and increased net income.Despite numerous economic challenges including reduced volumes and lower fuel surcharge revenues, Union Pacific continues to pull its weight with core pricing gains and robust financial growth.In Q1 2024, Union Pacific reported a net income of USD 1.6 billion or $2.69 per share, demonstrating a growth from Q1 2023's net income that was parallel in value but at $2.67 per share.

Union Pacific Corporation: Will Its Improving Network Capability & Infrastructure Investment Pay Off? - Major Drivers

<ul><li>The financial results of Union Pacific Corporation for Q4 2023, as well as for the full year, offer insights into the company's operating performance.</li><li>Union Pacific reported a Q4 net income of $1.7 billion or $2.71 per share, up from $1.6 billion or $2.67 per share in Q4 2022.</li><li>While company revenue and costs remained flat year-over-year, Union Pacific saw an improvement in its operating ratio, which points to improved efficiency.</li></ul>

The financial results of Union Pacific Corporation for Q4 2023, as well as for the full year, offer insights into the company's operating performance.Union Pacific reported a Q4 net income of $1.7 billion or $2.71 per share, up from $1.6 billion or $2.67 per share in Q4 2022.While company revenue and costs remained flat year-over-year, Union Pacific saw an improvement in its operating ratio, which points to improved efficiency.

Union Pacific Corporation: Renewal Strategy for Locomotives - Major Drivers

<ul><li>Union Pacific Corporation delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall Street.</li><li>In the second quarter, the company faced challenges, with a 2% decline in volume driven by weak market conditions in the premium and bulk business groups.</li><li>Freight revenue decreased by 5% due to lower fuel surcharges and a 2% volume decrease.</li></ul>

Union Pacific Corporation delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall Street.In the second quarter, the company faced challenges, with a 2% decline in volume driven by weak market conditions in the premium and bulk business groups.Freight revenue decreased by 5% due to lower fuel surcharges and a 2% volume decrease.

Equity Capital Markets

<ul><li>This is our first report on a premium railroad operator, Union Pacific Corporation.</li><li>Its fourth-quarter operating ratio of 61% fell 360 basis points compared to 2021, owing to ongoing service problems and the impact of winter weather.</li><li>We initiate coverage on the stock of Union Pacific Corporation with a 'Hold' rating.</li></ul>

This is our first report on a premium railroad operator, Union Pacific Corporation.Its fourth-quarter operating ratio of 61% fell 360 basis points compared to 2021, owing to ongoing service problems and the impact of winter weather.We initiate coverage on the stock of Union Pacific Corporation with a 'Hold' rating.

Union Pacific Corporation: Initiation of Coverage – Business Strategy & Key Drivers

United States

Union Pacific Corporation is a rail transportation company.  The Company's railroad hauls a variety of goods, including agricultural, automotive, and chemical products. Union Pacific offersslong-haul routes from all major West Coast and Gulf Coast ports to eastern gateways as well as connects with Canada's rail systems and serves the major gateways to Mexico.

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Union Pacific (UNP US)

Union Pacific Corporation: Will Its Improving Network Capability & Infrastructure Investment Pay Off? - Major Drivers

Union Pacific Corporation, one of the leading railroad operators in the United States, presents its Q1 2024 results with notable success in...

Baptista Research

Union Pacific Corporation: Renewal Strategy for Locomotives - Major Drivers

The financial results of Union Pacific Corporation for Q4 2023, as well as for the full year, offer insights into the company's operating...

Baptista Research

Union Pacific Corporation: Trains

Union Pacific Corporation delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall...

Baptista Research

Union Pacific Corporation: Initiation of Coverage – Business Strategy & Key Drivers

This is our first report on a premium railroad operator, Union Pacific Corporation. Its fourth-quarter operating ratio of 61% fell 360 basis...

Baptista Research

Union Pacific Corporation: Initiation of Coverage – Business Strategy & Key Drivers

This is our first report on a premium railroad operator, Union Pacific Corporation. Its fourth-quarter operating ratio of 61% fell 360 basis...

Baptista Research

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