Subtext

Archer-Daniels-Midland Company ADM

SectorConsumer Staples
Transcripts67
Date range2007-07-30 – 2025-05-06
Calls charted67

Sentiment timeline

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

-21-11+0+11+212007 Q42010 Q22013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22007 Q4 · Overall: +6.22008 Q1 · Overall: +3.72008 Q2 · Overall: +5.72008 Q3 · Overall: +3.62008 Q4 · Overall: +1.12009 Q2 · Overall: -0.22009 Q3 · Overall: -4.42009 Q4 · Overall: +2.02010 Q1 · Overall: -1.32010 Q2 · Overall: +3.42010 Q3 · Overall: -2.52010 Q4 · Overall: +2.52011 Q2 · Overall: +4.42011 Q3 · Overall: +6.22011 Q4 · Overall: +7.72012 Q2 · Overall: -3.42012 Q3 · Overall: +1.42012 Q4 · Overall: -2.82013 Q1 · Overall: +1.92013 Q2 · Overall: +5.42013 Q3 · Overall: +10.12013 Q4 · Overall: +4.42014 Q1 · Overall: +3.62014 Q2 · Overall: +11.72014 Q3 · Overall: +9.92014 Q4 · Overall: +9.12015 Q1 · Overall: +9.42015 Q2 · Overall: +8.72015 Q3 · Overall: +6.12015 Q4 · Overall: +3.82016 Q1 · Overall: +7.12016 Q2 · Overall: +6.72016 Q3 · Overall: +13.22016 Q4 · Overall: +14.92017 Q1 · Overall: +9.32017 Q2 · Overall: +18.52017 Q3 · Overall: +5.92017 Q4 · Overall: +11.82018 Q1 · Overall: +16.92018 Q2 · Overall: +14.82018 Q3 · Overall: +13.72018 Q4 · Overall: +11.02019 Q1 · Overall: +6.32019 Q2 · Overall: +4.52019 Q3 · Overall: +4.92019 Q4 · Overall: +11.12020 Q1 · Overall: +5.22020 Q2 · Overall: +14.42020 Q3 · Overall: +2.02020 Q4 · Overall: +15.92021 Q1 · Overall: +12.92021 Q2 · Overall: +13.02021 Q3 · Overall: +12.32021 Q4 · Overall: +12.82022 Q1 · Overall: +6.22022 Q2 · Overall: +16.42022 Q3 · Overall: +9.02022 Q4 · Overall: +12.42023 Q1 · Overall: +11.82023 Q2 · Overall: +13.02023 Q3 · Overall: +12.12023 Q4 · Overall: +9.12024 Q1 · Overall: +9.42024 Q2 · Overall: +14.02024 Q3 · Overall: +6.22024 Q4 · Overall: +6.82025 Q1 · Overall: +4.9
Overall

CEO vs CFO

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

-35-18+0+18+352007 Q42010 Q22013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22007 Q4 · CEO: +15.72008 Q1 · CEO: +8.72008 Q2 · CEO: +22.02008 Q3 · CEO: -0.82008 Q4 · CEO: +11.12009 Q2 · CEO: +4.12009 Q3 · CEO: -1.32009 Q4 · CEO: +18.42010 Q1 · CEO: +10.12010 Q2 · CEO: +7.92010 Q3 · CEO: +1.02010 Q4 · CEO: +9.52011 Q2 · CEO: +3.72011 Q3 · CEO: +10.12011 Q4 · CEO: +13.92012 Q3 · CEO: +6.12012 Q4 · CEO: -1.92013 Q3 · CEO: +21.12013 Q4 · CEO: +13.52014 Q1 · CEO: +19.02014 Q2 · CEO: +8.42014 Q3 · CEO: +20.22014 Q4 · CEO: +15.82015 Q1 · CEO: +16.72016 Q2 · CEO: +13.32018 Q4 · CEO: +16.42019 Q1 · CEO: +11.02019 Q2 · CEO: +12.92019 Q3 · CEO: +9.92020 Q1 · CEO: +7.72020 Q2 · CEO: +18.52020 Q4 · CEO: +26.62021 Q2 · CEO: +19.62021 Q3 · CEO: +17.92021 Q4 · CEO: +16.32022 Q1 · CEO: +6.02022 Q2 · CEO: +16.82022 Q3 · CEO: +14.52022 Q4 · CEO: +13.92023 Q1 · CEO: +13.12023 Q2 · CEO: +13.72023 Q3 · CEO: +15.72023 Q4 · CEO: +11.52024 Q1 · CEO: +13.42024 Q2 · CEO: +20.22024 Q3 · CEO: +8.02024 Q4 · CEO: +18.32025 Q1 · CEO: +12.42007 Q4 · CFO: +9.92008 Q1 · CFO: +1.12008 Q3 · CFO: +8.72008 Q4 · CFO: +3.12009 Q2 · CFO: -1.62009 Q3 · CFO: -5.72009 Q4 · CFO: +0.52010 Q1 · CFO: -0.82010 Q2 · CFO: +4.82010 Q3 · CFO: +1.42010 Q4 · CFO: +3.12011 Q2 · CFO: +9.32011 Q3 · CFO: +7.22011 Q4 · CFO: +10.72012 Q3 · CFO: +5.62012 Q4 · CFO: +1.52013 Q3 · CFO: +6.12013 Q4 · CFO: +4.42014 Q1 · CFO: -1.92014 Q2 · CFO: +1.52014 Q3 · CFO: +7.62014 Q4 · CFO: +1.42015 Q1 · CFO: +1.72018 Q4 · CFO: +12.82019 Q1 · CFO: +5.42019 Q2 · CFO: -1.52019 Q3 · CFO: +4.12020 Q1 · CFO: +7.02020 Q2 · CFO: +15.62020 Q4 · CFO: +9.82021 Q2 · CFO: +13.12021 Q3 · CFO: +13.42021 Q4 · CFO: +14.32022 Q1 · CFO: +18.42022 Q2 · CFO: +30.52022 Q3 · CFO: +13.42022 Q4 · CFO: +22.12023 Q1 · CFO: +23.02023 Q2 · CFO: +20.22023 Q3 · CFO: +15.72023 Q4 · CFO: +4.42024 Q1 · CFO: +16.42024 Q2 · CFO: +14.72024 Q3 · CFO: +7.52024 Q4 · CFO: +2.02025 Q1 · CFO: +0.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-39-20+0+20+392007 Q42010 Q22013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22007 Q4 · Prepared remarks: +12.62008 Q1 · Prepared remarks: +2.52008 Q2 · Prepared remarks: +19.52008 Q3 · Prepared remarks: +12.62008 Q4 · Prepared remarks: +6.72009 Q2 · Prepared remarks: -3.22009 Q3 · Prepared remarks: -8.62009 Q4 · Prepared remarks: +2.22010 Q1 · Prepared remarks: +4.22010 Q2 · Prepared remarks: +5.02010 Q3 · Prepared remarks: +3.12010 Q4 · Prepared remarks: +7.92011 Q2 · Prepared remarks: +12.52011 Q3 · Prepared remarks: +9.62011 Q4 · Prepared remarks: +18.22012 Q2 · Prepared remarks: -14.12012 Q3 · Prepared remarks: +9.22012 Q4 · Prepared remarks: +2.52013 Q1 · Prepared remarks: +15.62013 Q2 · Prepared remarks: +12.92013 Q3 · Prepared remarks: +16.42013 Q4 · Prepared remarks: +14.42014 Q1 · Prepared remarks: +12.22014 Q2 · Prepared remarks: +20.72014 Q3 · Prepared remarks: +14.52014 Q4 · Prepared remarks: +14.42015 Q1 · Prepared remarks: +15.32015 Q2 · Prepared remarks: +13.32015 Q3 · Prepared remarks: +7.12015 Q4 · Prepared remarks: +9.22016 Q1 · Prepared remarks: +8.62016 Q2 · Prepared remarks: +10.72016 Q3 · Prepared remarks: +12.22016 Q4 · Prepared remarks: +21.62017 Q1 · Prepared remarks: +22.42017 Q2 · Prepared remarks: +24.12017 Q3 · Prepared remarks: +7.62017 Q4 · Prepared remarks: +22.32018 Q1 · Prepared remarks: +22.22018 Q2 · Prepared remarks: +25.42018 Q3 · Prepared remarks: +26.22018 Q4 · Prepared remarks: +18.02019 Q1 · Prepared remarks: +11.52019 Q2 · Prepared remarks: +11.42019 Q3 · Prepared remarks: +7.02019 Q4 · Prepared remarks: +12.62020 Q1 · Prepared remarks: +4.92020 Q2 · Prepared remarks: +17.72020 Q3 · Prepared remarks: +4.72020 Q4 · Prepared remarks: +26.42021 Q1 · Prepared remarks: +34.22021 Q2 · Prepared remarks: +21.72021 Q3 · Prepared remarks: +20.32021 Q4 · Prepared remarks: +26.22022 Q1 · Prepared remarks: +12.02022 Q2 · Prepared remarks: +31.42022 Q3 · Prepared remarks: +22.72022 Q4 · Prepared remarks: +20.22023 Q1 · Prepared remarks: +20.12023 Q2 · Prepared remarks: +23.72023 Q3 · Prepared remarks: +20.62023 Q4 · Prepared remarks: +9.52024 Q1 · Prepared remarks: +17.62024 Q2 · Prepared remarks: +20.62024 Q3 · Prepared remarks: +11.12024 Q4 · Prepared remarks: +7.62025 Q1 · Prepared remarks: +6.42007 Q4 · Q&A responses: +10.52008 Q1 · Q&A responses: +5.42008 Q2 · Q&A responses: +7.72008 Q3 · Q&A responses: +2.42008 Q4 · Q&A responses: +4.02009 Q2 · Q&A responses: +2.82009 Q3 · Q&A responses: +1.52009 Q4 · Q&A responses: +9.02010 Q1 · Q&A responses: +2.12010 Q2 · Q&A responses: +6.12010 Q3 · Q&A responses: +0.52010 Q4 · Q&A responses: +3.82011 Q2 · Q&A responses: +1.82011 Q3 · Q&A responses: +8.12011 Q4 · Q&A responses: +5.82012 Q2 · Q&A responses: +0.92012 Q3 · Q&A responses: +2.22012 Q4 · Q&A responses: -0.52013 Q1 · Q&A responses: +7.42013 Q2 · Q&A responses: +11.62013 Q3 · Q&A responses: +14.62013 Q4 · Q&A responses: +4.92014 Q1 · Q&A responses: +5.22014 Q2 · Q&A responses: +14.52014 Q3 · Q&A responses: +13.42014 Q4 · Q&A responses: +10.02015 Q1 · Q&A responses: +11.92015 Q2 · Q&A responses: +9.92015 Q3 · Q&A responses: +6.62015 Q4 · Q&A responses: +4.62016 Q1 · Q&A responses: +10.12016 Q2 · Q&A responses: +6.02016 Q3 · Q&A responses: +19.52016 Q4 · Q&A responses: +15.72017 Q1 · Q&A responses: +7.92017 Q2 · Q&A responses: +20.42017 Q3 · Q&A responses: +7.52017 Q4 · Q&A responses: +8.62018 Q1 · Q&A responses: +18.42018 Q2 · Q&A responses: +16.62018 Q3 · Q&A responses: +9.12018 Q4 · Q&A responses: +10.62019 Q1 · Q&A responses: +7.22019 Q2 · Q&A responses: +3.72019 Q3 · Q&A responses: -18.22019 Q4 · Q&A responses: -4.52020 Q1 · Q&A responses: +15.32020 Q2 · Q&A responses: +16.22020 Q3 · Q&A responses: +10.42020 Q4 · Q&A responses: +12.32021 Q1 · Q&A responses: +14.92021 Q2 · Q&A responses: +15.82021 Q3 · Q&A responses: +14.82021 Q4 · Q&A responses: +9.02022 Q1 · Q&A responses: +7.72022 Q2 · Q&A responses: +16.82022 Q3 · Q&A responses: +7.22022 Q4 · Q&A responses: +10.62023 Q1 · Q&A responses: +11.52023 Q2 · Q&A responses: +9.02023 Q3 · Q&A responses: +9.42023 Q4 · Q&A responses: +14.02024 Q1 · Q&A responses: +11.42024 Q2 · Q&A responses: +12.02024 Q3 · Q&A responses: +4.22024 Q4 · Q&A responses: +10.72025 Q1 · Q&A responses: +8.9
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

$2.29$4.74$7.182007 Q42010 Q22013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22014 Q1: $3.272014 Q2: $3.212014 Q3: $3.412014 Q4: $3.592015 Q1: $3.432015 Q2: $3.472015 Q3: $3.382015 Q4: $3.082016 Q1: $2.632016 Q2: $2.692016 Q3: $2.772016 Q4: $2.952017 Q1: $2.922017 Q2: $2.842017 Q3: $2.822017 Q4: $2.722018 Q1: $2.932018 Q2: $3.152018 Q3: $3.572018 Q4: $3.652019 Q1: $3.572019 Q2: $3.502019 Q3: $3.322019 Q4: $3.252020 Q1: $3.352020 Q2: $3.072020 Q3: $3.312020 Q4: $3.622021 Q1: $3.892021 Q2: $4.472021 Q3: $4.632021 Q4: $4.762022 Q1: $5.252022 Q2: $6.062022 Q3: $6.322022 Q4: $6.622023 Q1: $6.852023 Q2: $6.742023 Q3: $6.792023 Q4: $6.582024 Q1: $5.752024 Q2: $5.502024 Q3: $5.39

Forward P/E

9.4012.7616.132007 Q42010 Q22013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22014 Q1: 13.052014 Q2: 13.842014 Q3: 15.012014 Q4: 13.832015 Q1: 13.742015 Q2: 14.682015 Q3: 13.082015 Q4: 11.492016 Q1: 14.262016 Q2: 15.672016 Q3: 15.142016 Q4: 15.452017 Q1: 15.442017 Q2: 14.812017 Q3: 15.362017 Q4: 14.722018 Q1: 14.942018 Q2: 14.372018 Q3: 14.002018 Q4: 11.622019 Q1: 12.122019 Q2: 11.632019 Q3: 12.552019 Q4: 13.942020 Q1: 9.862020 Q2: 13.182020 Q3: 14.402020 Q4: 13.592021 Q1: 14.842021 Q2: 14.302021 Q3: 13.502021 Q4: 13.672022 Q1: 15.512022 Q2: 13.582022 Q3: 13.632022 Q4: 14.022023 Q1: 11.222023 Q2: 10.862023 Q3: 11.722023 Q4: 11.442024 Q1: 10.132024 Q2: 10.902024 Q3: 11.24

Divergence watch ⚑

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

  • 2014 Q2 tone ↑ +8.1 fwd EPS ↓ -0.06 Tone rose while the forward EPS estimate was cut.
  • 2016 Q1 tone ↑ +3.3 fwd EPS ↓ -0.45 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↑ +9.2 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2017 Q4 tone ↑ +5.9 fwd EPS ↓ -0.10 Tone rose while the forward EPS estimate was cut.
  • 2018 Q2 tone ↓ -2.1 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -2.8 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↑ +6.2 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2020 Q1 tone ↓ -5.9 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +9.2 fwd EPS ↓ -0.28 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -12.3 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -3.1 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -6.6 fwd EPS ↑ +0.49 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -7.4 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↑ +4.6 fwd EPS ↓ -0.26 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-06+4.9——View →
2024 Q42025-02-04+6.8——View →
2024 Q32024-12-03+6.2$5.3911.2View →
2024 Q22024-07-30+14.0$5.5010.9View →
2024 Q12024-04-30+9.4$5.7510.1View →
2023 Q42024-03-12+9.1$6.5811.4View →
2023 Q32023-10-24+12.1$6.7911.7View →
2023 Q22023-07-25+13.0$6.7410.9View →