Subtext

AbbVie Inc. ABBV

SectorHealth Care
Transcripts49
Date range2013-04-26 – 2025-04-25
Calls charted49

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-18-9+0+9+182013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32013 Q1 · Overall: +2.92013 Q2 · Overall: +3.12013 Q3 · Overall: +7.02013 Q4 · Overall: +10.42014 Q1 · Overall: +2.12014 Q2 · Overall: +15.72014 Q3 · Overall: +6.52014 Q4 · Overall: +11.22015 Q1 · Overall: +8.22015 Q2 · Overall: +10.92015 Q3 · Overall: +5.52015 Q4 · Overall: +4.22016 Q1 · Overall: +10.32016 Q2 · Overall: +13.12016 Q3 · Overall: +7.42016 Q4 · Overall: +3.72017 Q1 · Overall: +6.82017 Q2 · Overall: +6.12017 Q3 · Overall: +10.52017 Q4 · Overall: +12.72018 Q1 · Overall: +7.02018 Q2 · Overall: +10.02018 Q3 · Overall: +10.62018 Q4 · Overall: +4.32019 Q1 · Overall: +5.42019 Q2 · Overall: +6.42019 Q3 · Overall: +9.82019 Q4 · Overall: +7.22020 Q1 · Overall: +0.42020 Q2 · Overall: +16.02020 Q3 · Overall: +9.52020 Q4 · Overall: +6.82021 Q1 · Overall: +4.52021 Q2 · Overall: +8.42021 Q3 · Overall: +7.92021 Q4 · Overall: +8.32022 Q1 · Overall: +4.62022 Q2 · Overall: +5.72022 Q3 · Overall: +3.62022 Q4 · Overall: +5.22023 Q1 · Overall: -4.92023 Q2 · Overall: +8.82023 Q3 · Overall: +6.82023 Q4 · Overall: +6.22024 Q1 · Overall: +5.92024 Q2 · Overall: +7.12024 Q3 · Overall: +8.42024 Q4 · Overall: +5.32025 Q1 · Overall: +7.5
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-46-23+0+23+462013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32013 Q1 · CEO: +10.02013 Q2 · CEO: +11.72013 Q3 · CEO: +15.32013 Q4 · CEO: +14.82014 Q1 · CEO: +6.32014 Q2 · CEO: +14.52014 Q3 · CEO: +10.02014 Q4 · CEO: +15.02015 Q1 · CEO: +14.02015 Q2 · CEO: +25.42015 Q3 · CEO: +9.72015 Q4 · CEO: +9.72016 Q1 · CEO: +15.02016 Q2 · CEO: +20.92016 Q3 · CEO: +12.72016 Q4 · CEO: +5.72017 Q1 · CEO: +12.92017 Q2 · CEO: +10.42017 Q3 · CEO: +16.32017 Q4 · CEO: +19.42018 Q1 · CEO: +15.12018 Q2 · CEO: +24.12018 Q3 · CEO: +14.12018 Q4 · CEO: +10.62019 Q1 · CEO: +9.52019 Q2 · CEO: +14.52019 Q3 · CEO: +15.82019 Q4 · CEO: +14.42020 Q1 · CEO: +2.32020 Q2 · CEO: +24.62020 Q3 · CEO: +15.72020 Q4 · CEO: +16.32021 Q1 · CEO: +11.52021 Q2 · CEO: +14.22021 Q3 · CEO: +11.32021 Q4 · CEO: +15.72022 Q1 · CEO: +16.92022 Q2 · CEO: +10.32022 Q3 · CEO: +9.42022 Q4 · CEO: +12.82023 Q1 · CEO: +22.02023 Q2 · CEO: +11.52023 Q3 · CEO: +20.42023 Q4 · CEO: +19.92024 Q1 · CEO: +39.92024 Q2 · CEO: +17.52024 Q3 · CEO: +20.52024 Q4 · CEO: +15.72025 Q1 · CEO: +12.22013 Q1 · CFO: +2.62013 Q2 · CFO: +7.32013 Q3 · CFO: +8.62013 Q4 · CFO: +13.22014 Q1 · CFO: +10.22014 Q2 · CFO: +16.32014 Q3 · CFO: +9.92014 Q4 · CFO: +12.92015 Q1 · CFO: +14.32015 Q2 · CFO: +14.82015 Q3 · CFO: +12.42016 Q3 · CFO: +12.12016 Q4 · CFO: +8.12017 Q1 · CFO: +7.52017 Q2 · CFO: +12.62017 Q3 · CFO: +25.52017 Q4 · CFO: +11.22018 Q1 · CFO: +15.42018 Q2 · CFO: +10.52019 Q1 · CFO: +17.22019 Q2 · CFO: +13.32019 Q3 · CFO: +10.92019 Q4 · CFO: +6.42020 Q1 · CFO: +11.32020 Q2 · CFO: +1.52020 Q3 · CFO: +9.62021 Q1 · CFO: +14.12021 Q2 · CFO: +16.52021 Q3 · CFO: +9.02021 Q4 · CFO: +6.52022 Q1 · CFO: +1.92022 Q4 · CFO: -9.92023 Q1 · CFO: -8.22023 Q3 · CFO: -2.82023 Q4 · CFO: -0.82024 Q1 · CFO: -5.02024 Q2 · CFO: +3.62024 Q3 · CFO: -1.22024 Q4 · CFO: -1.32025 Q1 · CFO: +0.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-27-14+0+14+272013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32013 Q1 · Prepared remarks: +4.62013 Q2 · Prepared remarks: +9.12013 Q3 · Prepared remarks: +20.02013 Q4 · Prepared remarks: +12.42014 Q1 · Prepared remarks: +10.72014 Q2 · Prepared remarks: +15.32014 Q3 · Prepared remarks: +12.62014 Q4 · Prepared remarks: +18.62015 Q1 · Prepared remarks: +18.72015 Q2 · Prepared remarks: +20.92015 Q3 · Prepared remarks: +13.72015 Q4 · Prepared remarks: +13.12016 Q1 · Prepared remarks: +17.22016 Q2 · Prepared remarks: +20.02016 Q3 · Prepared remarks: +15.72016 Q4 · Prepared remarks: +12.92017 Q1 · Prepared remarks: +10.22017 Q2 · Prepared remarks: +15.32017 Q3 · Prepared remarks: +19.32017 Q4 · Prepared remarks: +20.22018 Q1 · Prepared remarks: +21.42018 Q2 · Prepared remarks: +20.92018 Q3 · Prepared remarks: +21.42018 Q4 · Prepared remarks: +10.22019 Q1 · Prepared remarks: +18.52019 Q2 · Prepared remarks: +17.12019 Q3 · Prepared remarks: +23.92019 Q4 · Prepared remarks: +12.72020 Q1 · Prepared remarks: +0.82020 Q2 · Prepared remarks: +18.12020 Q3 · Prepared remarks: +22.12020 Q4 · Prepared remarks: +15.62021 Q1 · Prepared remarks: +13.92021 Q2 · Prepared remarks: +19.02021 Q3 · Prepared remarks: +16.62021 Q4 · Prepared remarks: +16.22022 Q1 · Prepared remarks: +20.02022 Q2 · Prepared remarks: +14.52022 Q3 · Prepared remarks: +13.82022 Q4 · Prepared remarks: +17.52023 Q1 · Prepared remarks: +10.62023 Q2 · Prepared remarks: +9.22023 Q3 · Prepared remarks: +16.12023 Q4 · Prepared remarks: +14.52024 Q1 · Prepared remarks: +17.72024 Q2 · Prepared remarks: +14.72024 Q3 · Prepared remarks: +17.42024 Q4 · Prepared remarks: +13.92025 Q1 · Prepared remarks: +9.92013 Q1 · Q&A responses: +6.62013 Q2 · Q&A responses: +3.42013 Q3 · Q&A responses: +5.72013 Q4 · Q&A responses: +11.22014 Q1 · Q&A responses: +0.72014 Q3 · Q&A responses: +8.32014 Q4 · Q&A responses: +9.22015 Q1 · Q&A responses: +7.62015 Q2 · Q&A responses: +4.92015 Q3 · Q&A responses: -2.42015 Q4 · Q&A responses: +1.22016 Q1 · Q&A responses: +9.22016 Q2 · Q&A responses: +11.82016 Q3 · Q&A responses: +5.32016 Q4 · Q&A responses: +2.42017 Q1 · Q&A responses: +7.62017 Q2 · Q&A responses: +6.62017 Q3 · Q&A responses: +4.72017 Q4 · Q&A responses: +9.52018 Q1 · Q&A responses: +2.42018 Q2 · Q&A responses: +5.72018 Q3 · Q&A responses: +6.02018 Q4 · Q&A responses: +6.32019 Q1 · Q&A responses: +2.02019 Q2 · Q&A responses: +4.72019 Q3 · Q&A responses: +2.92019 Q4 · Q&A responses: +7.82020 Q1 · Q&A responses: +4.22020 Q2 · Q&A responses: +18.12020 Q3 · Q&A responses: +6.32020 Q4 · Q&A responses: +5.32021 Q1 · Q&A responses: +2.42021 Q2 · Q&A responses: +6.42021 Q3 · Q&A responses: +5.62021 Q4 · Q&A responses: +9.52022 Q1 · Q&A responses: -1.22022 Q2 · Q&A responses: +4.02022 Q3 · Q&A responses: +0.02022 Q4 · Q&A responses: +1.12023 Q1 · Q&A responses: -5.72023 Q3 · Q&A responses: +6.22023 Q4 · Q&A responses: +4.92024 Q1 · Q&A responses: -0.42024 Q2 · Q&A responses: +3.12024 Q3 · Q&A responses: +7.42024 Q4 · Q&A responses: +3.72025 Q1 · Q&A responses: +6.9
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.38$8.63$14.882013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32014 Q1: $3.242014 Q2: $3.482014 Q3: $3.692014 Q4: $4.262015 Q1: $4.522015 Q2: $4.622015 Q3: $4.832015 Q4: $5.002016 Q1: $5.252016 Q2: $5.192016 Q3: $5.452016 Q4: $5.502017 Q1: $5.742017 Q2: $6.002017 Q3: $6.242017 Q4: $6.632018 Q1: $7.812018 Q2: $8.362018 Q3: $8.652018 Q4: $8.732019 Q1: $8.872019 Q2: $9.112019 Q3: $9.372019 Q4: $9.552020 Q1: $9.912020 Q2: $11.012020 Q3: $11.702020 Q4: $12.192021 Q1: $12.782021 Q2: $13.242021 Q3: $13.652021 Q4: $14.022022 Q1: $13.682022 Q2: $12.942022 Q3: $12.362022 Q4: $11.642023 Q1: $11.082023 Q2: $11.022023 Q3: $11.062023 Q4: $11.162024 Q1: $11.462024 Q2: $11.652024 Q3: $11.792024 Q4: $12.20

Forward P/E

6.4211.7817.142013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32014 Q1: 16.402014 Q2: 15.662014 Q3: 16.162014 Q4: 15.632015 Q1: 13.262015 Q2: 14.682015 Q3: 12.332015 Q4: 11.532016 Q1: 10.732016 Q2: 11.642016 Q3: 11.632016 Q4: 11.212017 Q1: 11.602017 Q2: 11.742017 Q3: 14.182017 Q4: 14.682018 Q1: 15.222018 Q2: 11.672018 Q3: 10.522018 Q4: 9.572019 Q1: 8.902019 Q2: 8.522019 Q3: 7.602019 Q4: 9.352020 Q1: 7.162020 Q2: 8.702020 Q3: 7.682020 Q4: 8.582021 Q1: 8.222021 Q2: 8.722021 Q3: 7.902021 Q4: 9.292022 Q1: 11.412022 Q2: 10.682022 Q3: 11.292022 Q4: 14.162023 Q1: 13.902023 Q2: 12.362023 Q3: 13.672023 Q4: 13.832024 Q1: 15.702024 Q2: 14.702024 Q3: 16.362024 Q4: 14.18

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -9.2 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q1 tone ↓ -3.1 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -5.4 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↑ +2.9 fwd EPS ↓ -0.06 Tone rose while the forward EPS estimate was cut.
  • 2016 Q3 tone ↓ -5.8 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -5.7 fwd EPS ↑ +1.18 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -2.6 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -6.7 fwd EPS ↑ +0.36 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q3 tone ↓ -6.6 fwd EPS ↑ +0.69 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -2.6 fwd EPS ↑ +0.49 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -2.3 fwd EPS ↑ +0.59 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↓ -3.0 fwd EPS ↑ +0.40 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-25+7.5——View →
2024 Q42025-01-31+5.3$12.2014.2View →
2024 Q32024-10-30+8.4$11.7916.4View →
2024 Q22024-07-25+7.1$11.6514.7View →
2024 Q12024-04-26+5.9$11.4615.7View →
2023 Q42024-02-02+6.2$11.1613.8View →
2023 Q32023-10-27+6.8$11.0613.7View →
2023 Q22023-07-27+8.8$11.0212.4View →