Subtext

Aon plc AON

SectorFinancials
Transcripts58
Date range2010-07-30 – 2025-04-25
Calls charted58

Sentiment timeline

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

-25-13+0+13+252010 Q22012 Q42014 Q42016 Q42018 Q42020 Q42022 Q42024 Q42010 Q2 · Overall: +18.42011 Q1 · Overall: +9.22011 Q2 · Overall: +15.12011 Q3 · Overall: +7.82011 Q4 · Overall: +13.22012 Q1 · Overall: +12.02012 Q2 · Overall: +10.72012 Q3 · Overall: +8.92012 Q4 · Overall: +12.42013 Q1 · Overall: +11.82013 Q2 · Overall: +13.92013 Q3 · Overall: +13.42013 Q4 · Overall: +15.42014 Q1 · Overall: +12.32014 Q2 · Overall: +11.92014 Q3 · Overall: +16.72014 Q4 · Overall: +13.72015 Q1 · Overall: +13.12015 Q2 · Overall: +13.22015 Q3 · Overall: +15.92015 Q4 · Overall: +13.62016 Q1 · Overall: +11.42016 Q2 · Overall: +16.02016 Q3 · Overall: +20.72016 Q4 · Overall: +15.62017 Q1 · Overall: +13.62017 Q2 · Overall: +14.82017 Q3 · Overall: +13.62017 Q4 · Overall: +14.02018 Q1 · Overall: +15.42018 Q2 · Overall: +10.12018 Q3 · Overall: +15.12018 Q4 · Overall: +15.22019 Q1 · Overall: +12.82019 Q2 · Overall: +12.12019 Q3 · Overall: +11.02019 Q4 · Overall: +17.92020 Q1 · Overall: +7.82020 Q2 · Overall: +9.62020 Q3 · Overall: +17.22020 Q4 · Overall: +14.62021 Q1 · Overall: +16.52021 Q2 · Overall: +13.82021 Q3 · Overall: +14.02021 Q4 · Overall: +19.72022 Q1 · Overall: +15.42022 Q2 · Overall: +21.92022 Q3 · Overall: +13.02022 Q4 · Overall: +18.02023 Q1 · Overall: +13.42023 Q2 · Overall: +16.52023 Q3 · Overall: +14.92023 Q4 · Overall: +11.32024 Q1 · Overall: +1.32024 Q2 · Overall: +13.92024 Q3 · Overall: +13.82024 Q4 · Overall: +16.02025 Q1 · Overall: +12.2
Overall

CEO vs CFO

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

-36-18+0+18+362010 Q22012 Q42014 Q42016 Q42018 Q42020 Q42022 Q42024 Q42010 Q2 · CEO: +24.62011 Q1 · CEO: +18.42011 Q2 · CEO: +25.32011 Q3 · CEO: +23.02011 Q4 · CEO: +22.42012 Q1 · CEO: +22.52012 Q2 · CEO: +20.42012 Q3 · CEO: +19.02012 Q4 · CEO: +23.22013 Q1 · CEO: +23.42013 Q2 · CEO: +26.72013 Q3 · CEO: +25.22013 Q4 · CEO: +28.02014 Q1 · CEO: +21.72014 Q2 · CEO: +25.32014 Q3 · CEO: +25.92014 Q4 · CEO: +22.72015 Q1 · CEO: +27.22015 Q2 · CEO: +20.22015 Q3 · CEO: +20.72015 Q4 · CEO: +21.52016 Q1 · CEO: +19.92016 Q3 · CEO: +27.22016 Q4 · CEO: +26.92017 Q1 · CEO: +23.82017 Q2 · CEO: +21.52017 Q3 · CEO: +16.22017 Q4 · CEO: +18.92018 Q1 · CEO: +26.42018 Q2 · CEO: +16.72018 Q3 · CEO: +17.72018 Q4 · CEO: +18.62019 Q1 · CEO: +16.02019 Q2 · CEO: +15.22019 Q3 · CEO: +16.72019 Q4 · CEO: +22.82020 Q1 · CEO: +13.82020 Q2 · CEO: +8.42020 Q3 · CEO: +24.12020 Q4 · CEO: +20.72021 Q1 · CEO: +21.12021 Q2 · CEO: +23.42021 Q3 · CEO: +27.02021 Q4 · CEO: +31.52022 Q1 · CEO: +30.22022 Q2 · CEO: +29.92022 Q3 · CEO: +23.12022 Q4 · CEO: +29.22023 Q1 · CEO: +21.52023 Q2 · CEO: +27.12023 Q3 · CEO: +26.02023 Q4 · CEO: +19.32024 Q2 · CEO: +21.72024 Q3 · CEO: +27.22024 Q4 · CEO: +22.42025 Q1 · CEO: +15.42010 Q2 · CFO: +10.12011 Q1 · CFO: +1.82011 Q2 · CFO: +6.92011 Q3 · CFO: -2.32011 Q4 · CFO: +8.82012 Q1 · CFO: +3.22012 Q2 · CFO: +6.02012 Q3 · CFO: +4.82012 Q4 · CFO: +8.02013 Q1 · CFO: +4.22013 Q2 · CFO: +9.12013 Q3 · CFO: +4.02013 Q4 · CFO: +6.92014 Q1 · CFO: +7.52014 Q2 · CFO: +2.42014 Q3 · CFO: +15.42014 Q4 · CFO: +10.72016 Q3 · CFO: +22.92016 Q4 · CFO: +14.32017 Q1 · CFO: +8.62017 Q2 · CFO: +13.02017 Q3 · CFO: +17.12017 Q4 · CFO: +15.32018 Q1 · CFO: +12.42018 Q2 · CFO: +10.02018 Q3 · CFO: +15.72018 Q4 · CFO: +17.52019 Q1 · CFO: +11.82019 Q2 · CFO: +13.32019 Q3 · CFO: +14.72019 Q4 · CFO: +23.72020 Q1 · CFO: +12.22020 Q2 · CFO: +16.92020 Q3 · CFO: +18.32020 Q4 · CFO: +26.42021 Q1 · CFO: +23.52021 Q2 · CFO: +10.62021 Q3 · CFO: +13.82021 Q4 · CFO: +17.22022 Q1 · CFO: +11.12022 Q2 · CFO: +28.52022 Q3 · CFO: +23.42022 Q4 · CFO: +25.72023 Q1 · CFO: +16.72023 Q2 · CFO: +19.92023 Q3 · CFO: +14.52023 Q4 · CFO: +8.12024 Q1 · CFO: +1.52024 Q2 · CFO: +10.02024 Q3 · CFO: +14.52024 Q4 · CFO: +16.22025 Q1 · CFO: +18.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-43-21+0+21+432010 Q22012 Q42014 Q42016 Q42018 Q42020 Q42022 Q42024 Q42010 Q2 · Prepared remarks: +22.22011 Q1 · Prepared remarks: +18.12011 Q2 · Prepared remarks: +19.22011 Q3 · Prepared remarks: +12.12011 Q4 · Prepared remarks: +19.52012 Q1 · Prepared remarks: +14.02012 Q2 · Prepared remarks: +19.22012 Q3 · Prepared remarks: +15.92012 Q4 · Prepared remarks: +17.82013 Q1 · Prepared remarks: +16.12013 Q2 · Prepared remarks: +22.72013 Q3 · Prepared remarks: +13.82013 Q4 · Prepared remarks: +19.92014 Q1 · Prepared remarks: +19.32014 Q2 · Prepared remarks: +17.22014 Q3 · Prepared remarks: +21.82014 Q4 · Prepared remarks: +22.52015 Q1 · Prepared remarks: +14.62015 Q2 · Prepared remarks: +14.02015 Q3 · Prepared remarks: +15.82015 Q4 · Prepared remarks: +17.02016 Q1 · Prepared remarks: +17.22016 Q2 · Prepared remarks: +22.32016 Q3 · Prepared remarks: +26.32016 Q4 · Prepared remarks: +23.82017 Q1 · Prepared remarks: +21.62017 Q2 · Prepared remarks: +18.02017 Q3 · Prepared remarks: +17.22017 Q4 · Prepared remarks: +19.22018 Q1 · Prepared remarks: +20.82018 Q2 · Prepared remarks: +26.12018 Q3 · Prepared remarks: +23.32018 Q4 · Prepared remarks: +24.82019 Q1 · Prepared remarks: +17.42019 Q2 · Prepared remarks: +12.12019 Q3 · Prepared remarks: +25.02019 Q4 · Prepared remarks: +28.72020 Q1 · Prepared remarks: +8.82020 Q2 · Prepared remarks: +9.42020 Q3 · Prepared remarks: +29.62020 Q4 · Prepared remarks: +22.82021 Q1 · Prepared remarks: +23.72021 Q2 · Prepared remarks: +13.72021 Q3 · Prepared remarks: +27.92021 Q4 · Prepared remarks: +26.82022 Q1 · Prepared remarks: +21.52022 Q2 · Prepared remarks: +36.22022 Q3 · Prepared remarks: +24.32022 Q4 · Prepared remarks: +29.72023 Q1 · Prepared remarks: +20.42023 Q2 · Prepared remarks: +22.82023 Q3 · Prepared remarks: +23.12023 Q4 · Prepared remarks: +21.02024 Q1 · Prepared remarks: +37.02024 Q2 · Prepared remarks: +25.62024 Q3 · Prepared remarks: +21.62024 Q4 · Prepared remarks: +24.02025 Q1 · Prepared remarks: +21.22010 Q2 · Q&A responses: +18.42011 Q1 · Q&A responses: +5.22011 Q2 · Q&A responses: +15.32011 Q3 · Q&A responses: +7.62011 Q4 · Q&A responses: +11.92012 Q1 · Q&A responses: +14.42012 Q2 · Q&A responses: +7.72012 Q3 · Q&A responses: +8.52012 Q4 · Q&A responses: +12.82013 Q1 · Q&A responses: +11.52013 Q2 · Q&A responses: +14.22013 Q3 · Q&A responses: +16.42013 Q4 · Q&A responses: +15.12014 Q1 · Q&A responses: +13.22014 Q2 · Q&A responses: +15.32014 Q3 · Q&A responses: +16.62014 Q4 · Q&A responses: +10.12015 Q1 · Q&A responses: +18.32015 Q2 · Q&A responses: +18.82015 Q3 · Q&A responses: +19.52015 Q4 · Q&A responses: +14.52016 Q1 · Q&A responses: +11.92016 Q2 · Q&A responses: +17.72016 Q3 · Q&A responses: +24.82016 Q4 · Q&A responses: +17.92017 Q1 · Q&A responses: +12.72017 Q2 · Q&A responses: +16.82017 Q3 · Q&A responses: +14.82017 Q4 · Q&A responses: +15.82018 Q1 · Q&A responses: +18.32018 Q2 · Q&A responses: +6.82018 Q3 · Q&A responses: +15.12018 Q4 · Q&A responses: +16.82019 Q1 · Q&A responses: +15.92019 Q2 · Q&A responses: +16.72019 Q3 · Q&A responses: +11.52019 Q4 · Q&A responses: +18.92020 Q1 · Q&A responses: +13.32020 Q2 · Q&A responses: +11.42020 Q3 · Q&A responses: +13.92020 Q4 · Q&A responses: +12.42021 Q1 · Q&A responses: +18.22021 Q2 · Q&A responses: +20.02021 Q3 · Q&A responses: +11.32021 Q4 · Q&A responses: +19.02022 Q1 · Q&A responses: +22.22022 Q2 · Q&A responses: +22.92022 Q3 · Q&A responses: +11.52022 Q4 · Q&A responses: +20.22023 Q1 · Q&A responses: +16.12023 Q2 · Q&A responses: +21.62023 Q3 · Q&A responses: +16.72023 Q4 · Q&A responses: +10.72024 Q1 · Q&A responses: +9.42024 Q2 · Q&A responses: +15.12024 Q3 · Q&A responses: +14.42024 Q4 · Q&A responses: +13.42025 Q1 · Q&A responses: +12.2
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

$4.44$11.41$18.372010 Q22012 Q42014 Q42016 Q42018 Q42020 Q42022 Q42024 Q42014 Q1: $5.402014 Q2: $5.682014 Q3: $5.862014 Q4: $6.112015 Q1: $6.302015 Q2: $6.462015 Q3: $6.512015 Q4: $6.542016 Q1: $6.712016 Q2: $6.922016 Q3: $7.002016 Q4: $7.102017 Q1: $6.762017 Q2: $7.242017 Q3: $7.662017 Q4: $8.052018 Q1: $8.282018 Q2: $8.622018 Q3: $8.882018 Q4: $9.192019 Q1: $9.462019 Q2: $9.732019 Q3: $10.022019 Q4: $10.322020 Q1: $10.732020 Q2: $10.212020 Q3: $10.412020 Q4: $10.722021 Q1: $11.272021 Q2: $11.872021 Q3: $12.602021 Q4: $13.122022 Q1: $13.572022 Q2: $13.972022 Q3: $14.222022 Q4: $14.532023 Q1: $14.972023 Q2: $15.282023 Q3: $15.602023 Q4: $16.302024 Q1: $16.592024 Q2: $16.342024 Q3: $16.862024 Q4: $17.41

Forward P/E

13.4018.7124.032010 Q22012 Q42014 Q42016 Q42018 Q42020 Q42022 Q42024 Q42014 Q1: 15.602014 Q2: 16.002014 Q3: 14.842014 Q4: 15.652015 Q1: 15.802015 Q2: 16.042015 Q3: 14.132015 Q4: 14.822016 Q1: 14.872016 Q2: 15.392016 Q3: 15.582016 Q4: 15.742017 Q1: 17.612017 Q2: 18.652017 Q3: 18.682017 Q4: 16.962018 Q1: 17.422018 Q2: 16.392018 Q3: 17.482018 Q4: 16.142019 Q1: 17.672019 Q2: 19.732019 Q3: 19.372019 Q4: 19.962020 Q1: 14.532020 Q2: 18.792020 Q3: 19.452020 Q4: 19.522021 Q1: 20.042021 Q2: 20.562021 Q3: 23.302021 Q4: 22.552022 Q1: 22.812022 Q2: 18.122022 Q3: 19.962022 Q4: 21.072023 Q1: 19.092023 Q2: 21.142023 Q3: 21.492023 Q4: 20.572024 Q1: 19.312024 Q2: 18.222024 Q3: 20.722024 Q4: 20.25

Divergence watch ⚑

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

  • 2014 Q4 tone ↓ -2.9 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↓ -2.2 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -5.1 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -5.4 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -2.4 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -10.1 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -2.7 fwd EPS ↑ +0.31 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -2.6 fwd EPS ↑ +0.60 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -4.4 fwd EPS ↑ +0.45 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -8.9 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -4.5 fwd EPS ↑ +0.45 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -3.6 fwd EPS ↑ +0.70 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -10.0 fwd EPS ↑ +0.29 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↑ +12.6 fwd EPS ↓ -0.25 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-25+12.2——View →
2024 Q42025-01-31+16.0$17.4120.2View →
2024 Q32024-10-25+13.8$16.8620.7View →
2024 Q22024-07-26+13.9$16.3418.2View →
2024 Q12024-04-26+1.3$16.5919.3View →
2023 Q42024-02-02+11.3$16.3020.6View →
2023 Q32023-10-27+14.9$15.6021.5View →
2023 Q22023-07-28+16.5$15.2821.1View →