Subtext

The AES Corporation AES

SectorUtilities
Transcripts60
Date range2008-03-17 – 2025-05-02
Calls charted60

Sentiment timeline

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

-18-9+0+9+182007 Q42011 Q42014 Q12016 Q12018 Q12020 Q12022 Q12024 Q22007 Q4 · Overall: +4.02008 Q1 · Overall: +7.32010 Q2 · Overall: +8.72010 Q3 · Overall: +5.12010 Q4 · Overall: +2.12011 Q1 · Overall: +4.12011 Q2 · Overall: +2.32011 Q3 · Overall: +1.02011 Q4 · Overall: +8.22012 Q1 · Overall: +5.42012 Q2 · Overall: +6.12012 Q3 · Overall: +2.92012 Q4 · Overall: +6.32013 Q2 · Overall: +4.82013 Q3 · Overall: +6.12013 Q4 · Overall: +5.72014 Q1 · Overall: -0.12014 Q2 · Overall: +3.22014 Q3 · Overall: +0.42014 Q4 · Overall: +2.52015 Q1 · Overall: +6.72015 Q2 · Overall: +9.72015 Q3 · Overall: +8.72015 Q4 · Overall: +4.12016 Q1 · Overall: +5.52016 Q2 · Overall: +7.82016 Q3 · Overall: +6.92016 Q4 · Overall: +8.02017 Q1 · Overall: +7.22017 Q2 · Overall: +4.02017 Q3 · Overall: +6.92017 Q4 · Overall: +4.32018 Q1 · Overall: +9.62018 Q2 · Overall: +9.52018 Q3 · Overall: +8.62018 Q4 · Overall: +10.62019 Q1 · Overall: +7.12019 Q2 · Overall: +11.02019 Q3 · Overall: +7.92019 Q4 · Overall: +13.52020 Q1 · Overall: +5.52020 Q2 · Overall: +10.92020 Q3 · Overall: +11.32020 Q4 · Overall: +7.72021 Q1 · Overall: +13.02021 Q2 · Overall: +15.32021 Q3 · Overall: +13.22021 Q4 · Overall: +8.52022 Q1 · Overall: -0.52022 Q2 · Overall: +6.52022 Q3 · Overall: +6.92022 Q4 · Overall: +5.82023 Q1 · Overall: +5.82023 Q2 · Overall: +9.52023 Q3 · Overall: +7.82023 Q4 · Overall: +8.52024 Q2 · Overall: +9.92024 Q3 · Overall: +3.42024 Q4 · Overall: +6.82025 Q1 · Overall: +7.4
Overall

CEO vs CFO

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

-29-14+0+14+292007 Q42011 Q42014 Q12016 Q12018 Q12020 Q12022 Q12024 Q22007 Q4 · CEO: +19.52008 Q1 · CEO: +11.92010 Q2 · CEO: +9.32010 Q3 · CEO: +10.52010 Q4 · CEO: +9.22011 Q1 · CEO: +12.12011 Q2 · CEO: +7.62011 Q3 · CEO: +8.82012 Q1 · CEO: +10.72012 Q2 · CEO: +13.22012 Q3 · CEO: +9.52012 Q4 · CEO: +14.22013 Q2 · CEO: +10.22013 Q3 · CEO: +12.52013 Q4 · CEO: +12.02014 Q1 · CEO: +6.92014 Q2 · CEO: +5.62014 Q3 · CEO: +3.12014 Q4 · CEO: +4.12015 Q1 · CEO: +10.22015 Q2 · CEO: +11.82015 Q3 · CEO: +10.02015 Q4 · CEO: +7.42016 Q1 · CEO: +9.92016 Q2 · CEO: +16.92016 Q3 · CEO: +8.42016 Q4 · CEO: +15.32017 Q1 · CEO: +12.82017 Q2 · CEO: +5.82017 Q3 · CEO: +12.12017 Q4 · CEO: +7.72018 Q1 · CEO: +13.92018 Q2 · CEO: +14.02018 Q3 · CEO: +13.82018 Q4 · CEO: +23.22019 Q1 · CEO: +7.42019 Q2 · CEO: +17.62019 Q3 · CEO: +19.32019 Q4 · CEO: +24.92020 Q1 · CEO: +6.82020 Q2 · CEO: +16.42020 Q3 · CEO: +16.82020 Q4 · CEO: +15.22021 Q1 · CEO: +13.72021 Q2 · CEO: +17.62021 Q3 · CEO: +15.92021 Q4 · CEO: +12.92022 Q1 · CEO: -2.42022 Q2 · CEO: +9.92022 Q3 · CEO: +10.12022 Q4 · CEO: +14.02023 Q1 · CEO: +8.02023 Q2 · CEO: +13.02023 Q3 · CEO: +10.92023 Q4 · CEO: +11.92024 Q2 · CEO: +14.52024 Q3 · CEO: +8.32024 Q4 · CEO: +15.22025 Q1 · CEO: +7.02007 Q4 · CFO: +22.32008 Q1 · CFO: +11.62010 Q2 · CFO: +11.62010 Q3 · CFO: +3.52010 Q4 · CFO: +9.52011 Q1 · CFO: +7.02011 Q2 · CFO: +5.62011 Q3 · CFO: -7.92011 Q4 · CFO: +8.92012 Q1 · CFO: +0.62012 Q2 · CFO: +5.22012 Q3 · CFO: +4.52012 Q4 · CFO: +4.52013 Q2 · CFO: +2.92013 Q3 · CFO: +4.22013 Q4 · CFO: +1.12014 Q1 · CFO: -0.42014 Q2 · CFO: +2.02014 Q3 · CFO: +3.72014 Q4 · CFO: +4.32015 Q1 · CFO: +6.12015 Q2 · CFO: +13.02015 Q3 · CFO: +7.02015 Q4 · CFO: +7.42016 Q1 · CFO: +7.72016 Q2 · CFO: +8.02016 Q3 · CFO: +13.32016 Q4 · CFO: +1.62017 Q1 · CFO: +9.32017 Q2 · CFO: +4.62017 Q3 · CFO: +4.92017 Q4 · CFO: +6.82018 Q1 · CFO: +11.42018 Q2 · CFO: +15.32018 Q3 · CFO: +5.12018 Q4 · CFO: +7.42019 Q1 · CFO: +9.22019 Q2 · CFO: +6.22019 Q3 · CFO: +5.52019 Q4 · CFO: +12.42020 Q1 · CFO: +9.72020 Q2 · CFO: +10.92020 Q3 · CFO: +9.42020 Q4 · CFO: +6.92021 Q1 · CFO: +21.62021 Q2 · CFO: +24.02021 Q4 · CFO: +15.52022 Q1 · CFO: +9.32022 Q2 · CFO: +7.02022 Q3 · CFO: +8.62022 Q4 · CFO: +4.52023 Q1 · CFO: +9.62023 Q2 · CFO: +12.52023 Q3 · CFO: +12.92024 Q2 · CFO: +11.52024 Q3 · CFO: +2.62024 Q4 · CFO: +2.42025 Q1 · CFO: +15.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-26-13+0+13+262007 Q42011 Q42014 Q12016 Q12018 Q12020 Q12022 Q12024 Q22007 Q4 · Prepared remarks: +6.72008 Q1 · Prepared remarks: +15.42010 Q2 · Prepared remarks: +9.02010 Q3 · Prepared remarks: +5.92010 Q4 · Prepared remarks: +11.52011 Q1 · Prepared remarks: +8.92011 Q2 · Prepared remarks: +2.62011 Q3 · Prepared remarks: +3.72011 Q4 · Prepared remarks: +11.42012 Q1 · Prepared remarks: +10.52012 Q2 · Prepared remarks: +11.92012 Q3 · Prepared remarks: +9.12012 Q4 · Prepared remarks: +9.32013 Q2 · Prepared remarks: +8.42013 Q3 · Prepared remarks: +6.92013 Q4 · Prepared remarks: +15.12014 Q1 · Prepared remarks: +4.92014 Q2 · Prepared remarks: +5.22014 Q3 · Prepared remarks: +3.12014 Q4 · Prepared remarks: +2.72015 Q1 · Prepared remarks: +10.82015 Q2 · Prepared remarks: +15.82015 Q3 · Prepared remarks: +5.42015 Q4 · Prepared remarks: +9.82016 Q1 · Prepared remarks: +16.02016 Q2 · Prepared remarks: +11.82016 Q3 · Prepared remarks: +11.32016 Q4 · Prepared remarks: +8.22017 Q1 · Prepared remarks: +15.42017 Q2 · Prepared remarks: +7.52017 Q3 · Prepared remarks: +9.62017 Q4 · Prepared remarks: +6.02018 Q1 · Prepared remarks: +17.72018 Q2 · Prepared remarks: +17.32018 Q3 · Prepared remarks: +15.52018 Q4 · Prepared remarks: +20.82019 Q1 · Prepared remarks: +14.82019 Q2 · Prepared remarks: +21.12019 Q3 · Prepared remarks: +18.02019 Q4 · Prepared remarks: +19.12020 Q1 · Prepared remarks: +9.92020 Q2 · Prepared remarks: +17.02020 Q3 · Prepared remarks: +17.02020 Q4 · Prepared remarks: +14.72021 Q1 · Prepared remarks: +23.02021 Q2 · Prepared remarks: +21.32021 Q3 · Prepared remarks: +16.52021 Q4 · Prepared remarks: +16.52022 Q1 · Prepared remarks: +8.32022 Q2 · Prepared remarks: +14.62022 Q3 · Prepared remarks: +10.22022 Q4 · Prepared remarks: +11.02023 Q1 · Prepared remarks: +12.92023 Q2 · Prepared remarks: +11.12023 Q3 · Prepared remarks: +13.52023 Q4 · Prepared remarks: +16.12024 Q2 · Prepared remarks: +15.62024 Q3 · Prepared remarks: +5.62024 Q4 · Prepared remarks: +8.52025 Q1 · Prepared remarks: +11.12007 Q4 · Q&A responses: +7.22008 Q1 · Q&A responses: +4.62010 Q3 · Q&A responses: +6.32010 Q4 · Q&A responses: -2.42011 Q1 · Q&A responses: +7.32011 Q2 · Q&A responses: +6.72011 Q3 · Q&A responses: +1.42011 Q4 · Q&A responses: +5.92012 Q1 · Q&A responses: +3.32012 Q2 · Q&A responses: +4.02012 Q3 · Q&A responses: +1.02012 Q4 · Q&A responses: +5.62013 Q2 · Q&A responses: +4.72013 Q3 · Q&A responses: +8.42013 Q4 · Q&A responses: +0.22014 Q1 · Q&A responses: -0.22014 Q2 · Q&A responses: +2.62014 Q3 · Q&A responses: +1.92014 Q4 · Q&A responses: +5.02015 Q1 · Q&A responses: +6.92015 Q2 · Q&A responses: +7.02015 Q3 · Q&A responses: +11.22015 Q4 · Q&A responses: +4.82016 Q1 · Q&A responses: +1.42016 Q2 · Q&A responses: +6.52016 Q3 · Q&A responses: +7.82016 Q4 · Q&A responses: +10.92017 Q1 · Q&A responses: +3.52017 Q2 · Q&A responses: +3.52017 Q3 · Q&A responses: +6.82017 Q4 · Q&A responses: +7.22018 Q1 · Q&A responses: +8.62018 Q2 · Q&A responses: +8.02018 Q3 · Q&A responses: +7.22018 Q4 · Q&A responses: +4.42019 Q1 · Q&A responses: -0.42019 Q2 · Q&A responses: +4.12019 Q3 · Q&A responses: +5.32019 Q4 · Q&A responses: +5.82020 Q1 · Q&A responses: +0.82020 Q2 · Q&A responses: +12.02020 Q3 · Q&A responses: +10.92020 Q4 · Q&A responses: +4.12021 Q1 · Q&A responses: +6.32021 Q2 · Q&A responses: +12.02021 Q3 · Q&A responses: +13.02021 Q4 · Q&A responses: +8.32022 Q1 · Q&A responses: -1.82022 Q2 · Q&A responses: +4.82022 Q3 · Q&A responses: +8.02022 Q4 · Q&A responses: +6.32023 Q1 · Q&A responses: +5.62023 Q2 · Q&A responses: +13.52023 Q3 · Q&A responses: +9.82023 Q4 · Q&A responses: +7.22024 Q2 · Q&A responses: +11.62024 Q3 · Q&A responses: +4.42024 Q4 · Q&A responses: +8.52025 Q1 · Q&A responses: +8.8
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

$0.98$1.54$2.112007 Q42011 Q42014 Q12016 Q12018 Q12020 Q12022 Q12024 Q22014 Q1: $1.372014 Q2: $1.392014 Q3: $1.432014 Q4: $1.352015 Q1: $1.292015 Q2: $1.302015 Q3: $1.322015 Q4: $1.152016 Q1: $1.062016 Q2: $1.052016 Q3: $1.092016 Q4: $1.122017 Q1: $1.102017 Q2: $1.142017 Q3: $1.172017 Q4: $1.182018 Q1: $1.212018 Q2: $1.252018 Q3: $1.282018 Q4: $1.312019 Q1: $1.362019 Q2: $1.392019 Q3: $1.422019 Q4: $1.442020 Q1: $1.472020 Q2: $1.472020 Q3: $1.502020 Q4: $1.552021 Q1: $1.592021 Q2: $1.612021 Q3: $1.642021 Q4: $1.652022 Q1: $1.652022 Q2: $1.682022 Q3: $1.732022 Q4: $1.752023 Q1: $1.772023 Q2: $1.822023 Q3: $1.842023 Q4: $1.902024 Q2: $2.002024 Q3: $2.03

Forward P/E

5.6611.6917.722007 Q42011 Q42014 Q12016 Q12018 Q12020 Q12022 Q12024 Q22014 Q1: 10.092014 Q2: 10.812014 Q3: 10.152014 Q4: 9.732015 Q1: 9.802015 Q2: 10.522015 Q3: 8.492015 Q4: 8.152016 Q1: 10.772016 Q2: 10.482016 Q3: 11.252016 Q4: 10.662017 Q1: 10.282017 Q2: 10.492017 Q3: 9.602017 Q4: 9.032018 Q1: 8.842018 Q2: 10.502018 Q3: 10.582018 Q4: 11.252019 Q1: 13.322019 Q2: 11.962019 Q3: 11.342019 Q4: 13.312020 Q1: 6.492020 Q2: 9.152020 Q3: 12.042020 Q4: 14.132021 Q1: 16.892021 Q2: 15.932021 Q3: 14.722021 Q4: 14.622022 Q1: 13.732022 Q2: 11.642022 Q3: 15.622022 Q4: 16.712023 Q1: 13.022023 Q2: 11.402023 Q3: 9.222023 Q4: 10.172024 Q2: 9.482024 Q3: 9.48

Divergence watch ⚑

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

  • 2014 Q3 tone ↓ -2.8 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2014 Q4 tone ↑ +2.1 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2015 Q1 tone ↑ +4.2 fwd EPS ↓ -0.06 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -3.3 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -3.5 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -3.1 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -8.0 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -3.6 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -2.0 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -6.5 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-02+7.4——View →
2024 Q42025-02-28+6.8——View →
2024 Q32024-11-01+3.4$2.039.5View →
2024 Q22024-08-02+9.9$2.009.5View →
2023 Q42024-02-27+8.5$1.9010.2View →
2023 Q32023-11-03+7.8$1.849.2View →
2023 Q22023-08-04+9.5$1.8211.4View →
2023 Q12023-05-05+5.8$1.7713.0View →