Subtext

Amazon.com, Inc. AMZN

SectorConsumer Discretionary
Transcripts78
Date range2006-02-03 – 2025-05-01
Calls charted78

Sentiment timeline

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

-20-10+0+10+202005 Q42008 Q22010 Q42013 Q22015 Q42018 Q22020 Q42023 Q22005 Q4 · Overall: +5.92006 Q1 · Overall: +1.82006 Q2 · Overall: +3.22006 Q3 · Overall: -0.82006 Q4 · Overall: +4.72007 Q1 · Overall: +10.82007 Q2 · Overall: +6.12007 Q3 · Overall: +7.12007 Q4 · Overall: +11.52008 Q1 · Overall: +5.92008 Q2 · Overall: +4.32008 Q3 · Overall: +0.22008 Q4 · Overall: -2.12009 Q1 · Overall: +3.92009 Q2 · Overall: +7.52009 Q3 · Overall: +3.52009 Q4 · Overall: +2.32010 Q1 · Overall: +4.12010 Q2 · Overall: +0.72010 Q3 · Overall: +3.12010 Q4 · Overall: +11.02011 Q1 · Overall: +2.12011 Q2 · Overall: +6.42011 Q3 · Overall: +6.52011 Q4 · Overall: +4.02012 Q1 · Overall: +4.82012 Q2 · Overall: +2.42012 Q3 · Overall: +3.02012 Q4 · Overall: +2.92013 Q1 · Overall: +3.32013 Q2 · Overall: +11.02013 Q3 · Overall: +9.72013 Q4 · Overall: +8.32014 Q1 · Overall: +3.52014 Q2 · Overall: +9.82014 Q3 · Overall: +8.92014 Q4 · Overall: +2.22015 Q1 · Overall: +4.32015 Q2 · Overall: +7.62015 Q3 · Overall: +2.62015 Q4 · Overall: +3.42016 Q1 · Overall: +1.02016 Q2 · Overall: +5.12016 Q3 · Overall: +1.52016 Q4 · Overall: +2.22017 Q1 · Overall: +4.02017 Q2 · Overall: -1.62017 Q3 · Overall: +3.62017 Q4 · Overall: +9.02018 Q1 · Overall: +4.82018 Q2 · Overall: +11.72018 Q3 · Overall: +4.92018 Q4 · Overall: +8.42019 Q1 · Overall: +3.92019 Q2 · Overall: +5.82019 Q3 · Overall: +4.62019 Q4 · Overall: +5.52020 Q1 · Overall: -2.12020 Q2 · Overall: +3.22020 Q3 · Overall: +8.12020 Q4 · Overall: +8.92021 Q1 · Overall: +15.22021 Q2 · Overall: +5.42021 Q3 · Overall: +4.32021 Q4 · Overall: +9.92022 Q1 · Overall: -1.82022 Q2 · Overall: +8.12022 Q3 · Overall: +7.62022 Q4 · Overall: +2.52023 Q1 · Overall: +8.82023 Q2 · Overall: +17.12023 Q3 · Overall: +14.92023 Q4 · Overall: +15.12024 Q1 · Overall: +7.92024 Q2 · Overall: +7.82024 Q3 · Overall: +15.72024 Q4 · Overall: +12.32025 Q1 · Overall: +7.9
Overall

CEO vs CFO

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

-38-19+0+19+382005 Q42008 Q22010 Q42013 Q22015 Q42018 Q22020 Q42023 Q22005 Q4 · CEO: +14.72006 Q1 · CEO: +8.22006 Q2 · CEO: +14.52006 Q4 · CEO: +17.52007 Q1 · CEO: +10.32007 Q2 · CEO: +13.62007 Q3 · CEO: +16.82007 Q4 · CEO: +14.52008 Q1 · CEO: +26.22008 Q2 · CEO: +11.32008 Q3 · CEO: +1.02008 Q4 · CEO: +7.72013 Q3 · CEO: +12.12013 Q4 · CEO: +7.02022 Q4 · CEO: +7.82023 Q1 · CEO: +11.22023 Q2 · CEO: +18.72023 Q3 · CEO: +17.52023 Q4 · CEO: +16.62024 Q1 · CEO: +21.12024 Q2 · CEO: +10.32024 Q3 · CEO: +20.02024 Q4 · CEO: +17.52025 Q1 · CEO: +12.52005 Q4 · CFO: -20.02006 Q1 · CFO: +4.82006 Q2 · CFO: +1.42006 Q3 · CFO: +3.72006 Q4 · CFO: +8.72007 Q1 · CFO: +18.22007 Q2 · CFO: +8.92007 Q3 · CFO: +8.22007 Q4 · CFO: +19.52008 Q1 · CFO: +12.22008 Q2 · CFO: +10.12008 Q3 · CFO: +5.02008 Q4 · CFO: +0.02009 Q1 · CFO: +7.92009 Q2 · CFO: +14.92009 Q3 · CFO: +7.72009 Q4 · CFO: +10.52010 Q1 · CFO: +9.82010 Q2 · CFO: +5.62010 Q3 · CFO: +8.92010 Q4 · CFO: +19.62011 Q1 · CFO: +10.42011 Q2 · CFO: +12.12011 Q3 · CFO: +14.32011 Q4 · CFO: +11.62012 Q1 · CFO: +12.12012 Q2 · CFO: +6.82012 Q3 · CFO: +8.72012 Q4 · CFO: +8.22013 Q1 · CFO: +12.92013 Q2 · CFO: +18.72013 Q4 · CFO: +24.32014 Q1 · CFO: +13.12014 Q2 · CFO: +15.72014 Q3 · CFO: +13.82014 Q4 · CFO: +10.02015 Q1 · CFO: +10.92015 Q2 · CFO: +0.02015 Q3 · CFO: +10.62015 Q4 · CFO: +12.72016 Q1 · CFO: +21.32016 Q2 · CFO: -17.52016 Q3 · CFO: +11.42016 Q4 · CFO: +11.32017 Q1 · CFO: +17.32017 Q2 · CFO: +10.22017 Q3 · CFO: +14.22017 Q4 · CFO: +14.62018 Q1 · CFO: +22.62018 Q2 · CFO: +19.82018 Q3 · CFO: +17.72018 Q4 · CFO: +17.22019 Q1 · CFO: +11.82019 Q2 · CFO: +10.22019 Q3 · CFO: +8.52019 Q4 · CFO: +9.82020 Q1 · CFO: +0.52020 Q2 · CFO: +9.32020 Q3 · CFO: +14.52020 Q4 · CFO: +13.92021 Q1 · CFO: +25.22021 Q2 · CFO: +12.92021 Q3 · CFO: +7.32021 Q4 · CFO: +14.22022 Q1 · CFO: +3.92022 Q2 · CFO: +15.02022 Q3 · CFO: +15.42022 Q4 · CFO: +2.42023 Q1 · CFO: +12.72023 Q2 · CFO: +33.02023 Q3 · CFO: +19.92023 Q4 · CFO: +26.72024 Q1 · CFO: +12.72024 Q2 · CFO: +20.42024 Q3 · CFO: +24.42025 Q1 · CFO: +16.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-30-15+0+15+302005 Q42008 Q22010 Q42013 Q22015 Q42018 Q22020 Q42023 Q22005 Q4 · Prepared remarks: +3.92006 Q1 · Prepared remarks: +2.82006 Q2 · Prepared remarks: +0.02006 Q3 · Prepared remarks: +5.82006 Q4 · Prepared remarks: +9.32007 Q1 · Prepared remarks: +10.72007 Q2 · Prepared remarks: +9.02007 Q3 · Prepared remarks: +12.72007 Q4 · Prepared remarks: +14.02008 Q1 · Prepared remarks: +8.52008 Q2 · Prepared remarks: +9.42008 Q3 · Prepared remarks: +0.22008 Q4 · Prepared remarks: -2.82009 Q1 · Prepared remarks: -5.02009 Q2 · Prepared remarks: -2.32009 Q3 · Prepared remarks: +0.02009 Q4 · Prepared remarks: +2.82010 Q1 · Prepared remarks: +5.12010 Q2 · Prepared remarks: -9.22010 Q3 · Prepared remarks: -8.42010 Q4 · Prepared remarks: -7.92011 Q1 · Prepared remarks: -0.92011 Q2 · Prepared remarks: +0.92011 Q3 · Prepared remarks: +2.72011 Q4 · Prepared remarks: -3.42012 Q1 · Prepared remarks: -11.42012 Q2 · Prepared remarks: -9.32012 Q3 · Prepared remarks: -15.72012 Q4 · Prepared remarks: -6.72013 Q1 · Prepared remarks: -7.22013 Q2 · Prepared remarks: -10.72013 Q3 · Prepared remarks: +14.42013 Q4 · Prepared remarks: +7.12014 Q1 · Prepared remarks: +2.42014 Q2 · Prepared remarks: +10.12014 Q3 · Prepared remarks: -13.92014 Q4 · Prepared remarks: -6.42015 Q1 · Prepared remarks: -11.62015 Q2 · Prepared remarks: -13.92015 Q3 · Prepared remarks: -10.12015 Q4 · Prepared remarks: -3.12016 Q1 · Prepared remarks: -5.12016 Q2 · Prepared remarks: -2.82016 Q3 · Prepared remarks: -18.62016 Q4 · Prepared remarks: -16.12017 Q1 · Prepared remarks: -12.02017 Q2 · Prepared remarks: -18.02017 Q3 · Prepared remarks: -18.62017 Q4 · Prepared remarks: -11.82018 Q1 · Prepared remarks: -18.62018 Q2 · Prepared remarks: -18.62018 Q3 · Prepared remarks: -18.82018 Q4 · Prepared remarks: -18.82019 Q1 · Prepared remarks: -18.22019 Q2 · Prepared remarks: -18.02019 Q3 · Prepared remarks: -17.02019 Q4 · Prepared remarks: -18.02020 Q1 · Prepared remarks: -11.92020 Q2 · Prepared remarks: +9.12020 Q3 · Prepared remarks: +12.92020 Q4 · Prepared remarks: +13.92021 Q1 · Prepared remarks: +14.92021 Q2 · Prepared remarks: +4.82021 Q3 · Prepared remarks: +2.02021 Q4 · Prepared remarks: +9.22022 Q1 · Prepared remarks: -0.52022 Q2 · Prepared remarks: +10.02022 Q3 · Prepared remarks: +12.32022 Q4 · Prepared remarks: +1.62023 Q1 · Prepared remarks: +7.72023 Q2 · Prepared remarks: +24.72023 Q3 · Prepared remarks: +22.02023 Q4 · Prepared remarks: +20.92024 Q1 · Prepared remarks: +12.32024 Q2 · Prepared remarks: +13.02024 Q3 · Prepared remarks: +21.22024 Q4 · Prepared remarks: +15.02025 Q1 · Prepared remarks: +12.02005 Q4 · Q&A responses: +10.02006 Q1 · Q&A responses: +5.22006 Q2 · Q&A responses: +9.32006 Q3 · Q&A responses: +0.02006 Q4 · Q&A responses: +9.52007 Q1 · Q&A responses: +17.92007 Q2 · Q&A responses: +9.22007 Q3 · Q&A responses: +9.72007 Q4 · Q&A responses: +17.02008 Q1 · Q&A responses: +12.92008 Q2 · Q&A responses: +8.22008 Q3 · Q&A responses: +4.12008 Q4 · Q&A responses: +1.02009 Q1 · Q&A responses: +10.72009 Q2 · Q&A responses: +20.42009 Q3 · Q&A responses: +11.42009 Q4 · Q&A responses: +12.62010 Q1 · Q&A responses: +0.02010 Q2 · Q&A responses: +9.82010 Q3 · Q&A responses: +12.02010 Q4 · Q&A responses: +26.12011 Q1 · Q&A responses: +10.42011 Q2 · Q&A responses: +11.42011 Q3 · Q&A responses: +13.92011 Q4 · Q&A responses: +10.82012 Q1 · Q&A responses: +15.02012 Q2 · Q&A responses: +7.82012 Q3 · Q&A responses: +12.62012 Q4 · Q&A responses: +11.32013 Q1 · Q&A responses: +14.02013 Q2 · Q&A responses: +23.02013 Q3 · Q&A responses: +9.92013 Q4 · Q&A responses: +12.72014 Q1 · Q&A responses: +6.92014 Q2 · Q&A responses: +12.82014 Q3 · Q&A responses: +16.02014 Q4 · Q&A responses: +14.52015 Q1 · Q&A responses: +17.02015 Q2 · Q&A responses: +18.72015 Q3 · Q&A responses: +13.62015 Q4 · Q&A responses: +17.02016 Q1 · Q&A responses: +10.82016 Q2 · Q&A responses: +13.12016 Q3 · Q&A responses: +11.12016 Q4 · Q&A responses: +13.62017 Q1 · Q&A responses: +14.32017 Q2 · Q&A responses: +9.82017 Q3 · Q&A responses: +13.02017 Q4 · Q&A responses: +17.92018 Q1 · Q&A responses: +15.92018 Q2 · Q&A responses: +22.12018 Q3 · Q&A responses: +13.22018 Q4 · Q&A responses: +17.32019 Q1 · Q&A responses: +11.32019 Q2 · Q&A responses: +13.12019 Q3 · Q&A responses: +10.72019 Q4 · Q&A responses: +11.92020 Q1 · Q&A responses: +3.62020 Q2 · Q&A responses: +7.02020 Q3 · Q&A responses: +11.82020 Q4 · Q&A responses: +12.72021 Q1 · Q&A responses: +21.42021 Q2 · Q&A responses: +12.82021 Q3 · Q&A responses: +13.02021 Q4 · Q&A responses: +16.72022 Q1 · Q&A responses: +2.92022 Q2 · Q&A responses: +14.62022 Q3 · Q&A responses: +11.92022 Q4 · Q&A responses: +5.02023 Q1 · Q&A responses: +10.82023 Q2 · Q&A responses: +12.12023 Q3 · Q&A responses: +10.62023 Q4 · Q&A responses: +15.32024 Q1 · Q&A responses: +12.32024 Q2 · Q&A responses: +9.02024 Q3 · Q&A responses: +16.72024 Q4 · Q&A responses: +15.22025 Q1 · Q&A responses: +10.1
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

$-0.40$2.80$6.002005 Q42008 Q22010 Q42013 Q22015 Q42018 Q22020 Q42023 Q22014 Q1: $0.132014 Q2: $0.102014 Q3: $0.072014 Q4: $0.042015 Q1: $0.042015 Q2: $0.072015 Q3: $0.202015 Q4: $0.282016 Q1: $0.282016 Q2: $0.382016 Q3: $0.462016 Q4: $0.442017 Q1: $0.422017 Q2: $0.452017 Q3: $0.352017 Q4: $0.402018 Q1: $0.512018 Q2: $0.812018 Q3: $1.182018 Q4: $1.322019 Q1: $1.502019 Q2: $1.652019 Q3: $1.552019 Q4: $1.352020 Q1: $1.572020 Q2: $1.422020 Q3: $2.052020 Q4: $2.272021 Q1: $2.612021 Q2: $3.212021 Q3: $3.182021 Q4: $2.582022 Q1: $2.752022 Q2: $1.742022 Q3: $1.762022 Q4: $1.682023 Q1: $1.702023 Q2: $2.082023 Q3: $2.922023 Q4: $3.572024 Q1: $4.432024 Q2: $5.152024 Q3: $5.56

Forward P/E

0.89237.47474.042005 Q42008 Q22010 Q42013 Q22015 Q42018 Q22020 Q42023 Q22014 Q1: 146.352014 Q2: 159.242014 Q3: 223.452014 Q4: 373.502015 Q1: 441.412015 Q2: 285.202015 Q3: 131.852015 Q4: 120.682016 Q1: 102.542016 Q2: 93.972016 Q3: 82.272016 Q4: 87.362017 Q1: 102.162017 Q2: 108.492017 Q3: 142.802017 Q4: 145.532018 Q1: 156.752018 Q2: 104.592018 Q3: 81.802018 Q4: 56.632019 Q1: 56.272019 Q2: 58.022019 Q3: 58.442019 Q4: 66.072020 Q1: 58.102020 Q2: 93.322020 Q3: 74.992020 Q4: 71.392021 Q1: 60.072021 Q2: 53.112021 Q3: 54.692021 Q4: 67.182022 Q1: 55.622022 Q2: 61.882022 Q3: 73.042022 Q4: 54.512023 Q1: 56.762023 Q2: 60.782023 Q3: 49.562023 Q4: 41.692024 Q1: 39.832024 Q2: 35.502024 Q3: 33.52

Divergence watch ⚑

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

  • 2014 Q2 tone ↑ +6.3 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2015 Q3 tone ↓ -5.0 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -3.6 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -5.6 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↑ +5.3 fwd EPS ↓ -0.10 Tone rose while the forward EPS estimate was cut.
  • 2018 Q1 tone ↓ -4.2 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -6.8 fwd EPS ↑ +0.36 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -4.5 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -7.5 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +5.3 fwd EPS ↓ -0.16 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↓ -9.8 fwd EPS ↑ +0.60 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↑ +5.6 fwd EPS ↓ -0.60 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↓ -11.7 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↑ +9.9 fwd EPS ↓ -1.01 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -2.2 fwd EPS ↑ +0.84 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -7.2 fwd EPS ↑ +0.86 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+7.9——View →
2024 Q42025-02-06+12.3——View →
2024 Q32024-10-31+15.7$5.5633.5View →
2024 Q22024-08-01+7.8$5.1535.5View →
2024 Q12024-04-30+7.9$4.4339.8View →
2023 Q42024-02-01+15.1$3.5741.7View →
2023 Q32023-10-26+14.9$2.9249.6View →
2023 Q22023-08-03+17.1$2.0860.8View →