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>Plexus Corp. delivered a robust fiscal third quarter 2024 with revenues of $961 million, aligning with guidance.</li><li>Key sector performance varied, with particular strength in Aerospace and Defense, though tempered by industrial sector declines due to design changes and customer delays in new product introductions.</li><li>Despite these fluctuations, non-GAAP operating margins rose impressively to 5.8%, surpassing expectations due to increased efficiency and solid cost management.</li></ul>

Plexus Corp. delivered a robust fiscal third quarter 2024 with revenues of $961 million, aligning with guidance.Key sector performance varied, with particular strength in Aerospace and Defense, though tempered by industrial sector declines due to design changes and customer delays in new product introductions.Despite these fluctuations, non-GAAP operating margins rose impressively to 5.8%, surpassing expectations due to increased efficiency and solid cost management.

Plexus Corp.: The 4 Biggest Challenges In Its Path! - Major Drivers

<ul><li>Plexus Corp recently reported fiscal second quarter 2024 results which showcased the company's capacity to maintain a robust growth trajectory and strong operational performance amidst a mixed business environment.</li><li>Plexus announced fiscal second quarter revenue of $967 million, which sat at the top end of the company's guidance, with a non-GAAP EPS of $0.94.</li><li>The non-GAAP operating margin was reported at 4.2%.</li></ul>

Plexus Corp recently reported fiscal second quarter 2024 results which showcased the company's capacity to maintain a robust growth trajectory and strong operational performance amidst a mixed business environment.Plexus announced fiscal second quarter revenue of $967 million, which sat at the top end of the company's guidance, with a non-GAAP EPS of $0.94.The non-GAAP operating margin was reported at 4.2%.

Plexus Corp: Expanding Market Presence in Industrial Sector - Major Drivers

<ul><li>This is our first report electronic manufacturing services provider, Plexus Corporation.</li><li>The company's Q4 2023 earnings, a significant takeaway includes the company's impressive performance throughout the fiscal year.</li><li>Plexus' VP of Communications and Investor Relations, Shawn Harrison, emphasized the company's focus on operational and customer service excellence, which ultimately led to strong financial results.</li></ul>

This is our first report electronic manufacturing services provider, Plexus Corporation.The company's Q4 2023 earnings, a significant takeaway includes the company's impressive performance throughout the fiscal year.Plexus' VP of Communications and Investor Relations, Shawn Harrison, emphasized the company's focus on operational and customer service excellence, which ultimately led to strong financial results.

Plexus Corp: Initiation of Coverage - Discover Their Secret Strategy for Growth In 2024! - Major Drivers

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 news was dominated by political midterm election results and a brewing crypto market implosion but also featured a late week rally after a surprising CPI inflation print which beat estimates on Thursday.</li><li>While pundits can posit various reasons for Thursday and Friday’s market rallies, there appears to be at least a few brewing catalysts that could carry positive momentum into 2023 which include 1) continued downside surprises in either CPI or PCE inflation data which would allow the Fed to back off its aggressive tightening campaign 2) steps leading to Chinese economy reopening reducing existing supply chain bottlenecks 3) steps leading to a ceasefire or peace agreement in Ukraine and 4) significant improvement in EU energy security situation resulting in lower EU inflation.</li><li>In the near term, it appears as of this writing that political gridlock in Washington D.C. will be upon us for the next 2 years removing the worst case scenarios of any significant market-negative legislation (i.e. tax hikes, etc.) being passed.</li></ul>

This past week the news was dominated by political midterm election results and a brewing crypto market implosion but also featured a late week rally after a surprising CPI inflation print which beat estimates on Thursday.While pundits can posit various reasons for Thursday and Friday’s market rallies, there appears to be at least a few brewing catalysts that could carry positive momentum into 2023 which include 1) continued downside surprises in either CPI or PCE inflation data which would allow the Fed to back off its aggressive tightening campaign 2) steps leading to Chinese economy reopening reducing existing supply chain bottlenecks 3) steps leading to a ceasefire or peace agreement in Ukraine and 4) significant improvement in EU energy security situation resulting in lower EU inflation.In the near term, it appears as of this writing that political gridlock in Washington D.C. will be upon us for the next 2 years removing the worst case scenarios of any significant market-negative legislation (i.e. tax hikes, etc.) being passed.

Fundamental Short Selling Research

Eric Fernandez, CFA

TwoRiversAnalytics

Sprouts Farmers Market / Equity Bottom-Up

<p>Sales declines, margin compression, cuts in SG&amp;A and cuts in guidance and estimates feature in our Declining Businesses model. </p><p>Declining business shorts tend to be lower beta, have longer time horizons, and tend to produce steadier (although slower) short returns.</p>

Sales declines, margin compression, cuts in SG&amp;A and cuts in guidance and estimates feature in our Declining Businesses model. Declining business shorts tend to be lower beta, have longer time horizons, and tend to produce steadier (although slower) short returns.

Declining Business Short Candidates: Sprouts, Plexus, Ormat, Itron

United States

Plexus Corp. is a participant in the electronics manufacturing services (EMS) industry, providing product design, supply chain, materials management, manufacturing, test, fulfillment, and aftermarket solutions to branded product companies in the wireline and networking, wireless infrastructure, medical, industrial and commercial, defense, security, and aerospace market sectors.

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Plexus Corp (PLXS US)

Plexus Corp.: The 4 Biggest Challenges In Its Path! - Major Drivers

Plexus Corp. delivered a robust fiscal third quarter 2024 with revenues of $961 million, aligning with guidance. Key sector performance varied,...

Baptista Research

Plexus Corp: Expanding Market Presence in Industrial Sector - Major Drivers

Plexus Corp recently reported fiscal second quarter 2024 results which showcased the company's capacity to maintain a robust growth trajectory and...

Baptista Research

Plexus Corp: Initiation of Coverage - Discover Their Secret Strategy for Growth In 2024! - Major Drivers

This is our first report electronic manufacturing services provider, Plexus Corporation. The company's Q4 2023 earnings, a significant takeaway...

Baptista Research

Weekly Stock Bullfinder - Week of 11/14

This past week the news was dominated by political midterm election results and a brewing crypto market implosion but also featured a late week...

Weekly Stock Bull Finder

Declining Business Short Candidates: Sprouts, Plexus, Ormat, Itron

Declining Business Short Candidates... Our model list of secular decliners, "melting ice cubes", flawed business model candidates featuring...

Eric Fernandez, CFA

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