Subtext

Becton, Dickinson and Company BDX

SectorHealth Care
Transcripts72
Date range2007-07-26 – 2025-05-01
Calls charted72

Sentiment timeline

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

-25-12+0+12+252007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Overall: +1.82007 Q4 · Overall: +9.92008 Q1 · Overall: +4.22008 Q2 · Overall: +0.52008 Q3 · Overall: +0.72008 Q4 · Overall: +8.52009 Q1 · Overall: +3.72009 Q2 · Overall: -0.52009 Q3 · Overall: +6.02009 Q4 · Overall: +9.02010 Q1 · Overall: +8.32010 Q2 · Overall: +3.72010 Q3 · Overall: +3.32010 Q4 · Overall: +8.22011 Q1 · Overall: +3.72011 Q2 · Overall: +8.92011 Q3 · Overall: +2.72011 Q4 · Overall: +1.92012 Q1 · Overall: -0.42012 Q2 · Overall: +2.92012 Q3 · Overall: +5.72012 Q4 · Overall: +3.12013 Q1 · Overall: +8.42013 Q2 · Overall: +6.22013 Q3 · Overall: +4.72013 Q4 · Overall: +3.42014 Q1 · Overall: +9.52014 Q2 · Overall: +5.92014 Q3 · Overall: +8.02014 Q4 · Overall: +7.92015 Q1 · Overall: +12.12015 Q2 · Overall: +6.32015 Q3 · Overall: +15.32015 Q4 · Overall: +13.02016 Q1 · Overall: +12.42016 Q2 · Overall: +15.62016 Q3 · Overall: +12.92016 Q4 · Overall: +12.02017 Q1 · Overall: +13.82017 Q2 · Overall: +16.12017 Q3 · Overall: +13.82017 Q4 · Overall: +11.52018 Q1 · Overall: +8.92018 Q2 · Overall: +16.72018 Q3 · Overall: +18.82018 Q4 · Overall: +15.12019 Q1 · Overall: +8.32019 Q2 · Overall: +8.42019 Q3 · Overall: +9.42019 Q4 · Overall: +6.52020 Q1 · Overall: +2.72020 Q2 · Overall: +3.02020 Q3 · Overall: +7.62020 Q4 · Overall: +8.42021 Q1 · Overall: +11.72021 Q2 · Overall: +16.02021 Q3 · Overall: +12.02021 Q4 · Overall: +17.02022 Q1 · Overall: +17.62022 Q2 · Overall: +12.22022 Q3 · Overall: +17.92022 Q4 · Overall: +16.62023 Q1 · Overall: +14.32023 Q2 · Overall: +21.52023 Q3 · Overall: +13.62023 Q4 · Overall: +16.92024 Q1 · Overall: +18.22024 Q2 · Overall: +16.92024 Q3 · Overall: +20.82024 Q4 · Overall: +20.32025 Q1 · Overall: +20.52025 Q2 · Overall: +12.0
Overall

CEO vs CFO

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

-52-26+0+26+522007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q4 · CEO: +13.22009 Q4 · CEO: +12.22010 Q3 · CEO: +10.32010 Q4 · CEO: +14.62011 Q2 · CEO: +11.62011 Q3 · CEO: +44.92011 Q4 · CEO: +7.02012 Q1 · CEO: +9.02012 Q2 · CEO: +10.92012 Q3 · CEO: +16.32012 Q4 · CEO: +12.12013 Q1 · CEO: +14.52013 Q2 · CEO: +12.72013 Q3 · CEO: +13.42013 Q4 · CEO: +10.12014 Q1 · CEO: +13.12014 Q3 · CEO: +16.62014 Q4 · CEO: +16.42015 Q1 · CEO: +19.22015 Q2 · CEO: +17.22016 Q2 · CEO: +27.22016 Q3 · CEO: +23.32016 Q4 · CEO: +11.72017 Q1 · CEO: +26.62017 Q2 · CEO: +36.62017 Q3 · CEO: +28.82017 Q4 · CEO: +20.32018 Q1 · CEO: +19.62018 Q2 · CEO: +24.52018 Q3 · CEO: +28.02018 Q4 · CEO: +23.72019 Q1 · CEO: +16.72019 Q2 · CEO: +21.02019 Q3 · CEO: +39.02019 Q4 · CEO: +8.42020 Q1 · CEO: +8.22020 Q2 · CEO: +6.92020 Q3 · CEO: +13.42020 Q4 · CEO: +16.42021 Q1 · CEO: +18.32021 Q2 · CEO: +23.32021 Q3 · CEO: +19.72021 Q4 · CEO: +26.52022 Q1 · CEO: +21.32022 Q2 · CEO: +19.72022 Q3 · CEO: +23.22022 Q4 · CEO: +21.82023 Q1 · CEO: +26.52023 Q2 · CEO: +33.32023 Q3 · CEO: +20.72023 Q4 · CEO: +21.12024 Q1 · CEO: +24.02024 Q3 · CEO: +24.72024 Q4 · CEO: +26.02025 Q1 · CEO: +27.22025 Q2 · CEO: +17.62007 Q3 · CFO: +2.52009 Q1 · CFO: +6.42009 Q2 · CFO: +10.02009 Q3 · CFO: +9.92009 Q4 · CFO: +14.82010 Q1 · CFO: +8.22010 Q2 · CFO: +9.62010 Q3 · CFO: +3.82010 Q4 · CFO: +3.92011 Q1 · CFO: +6.02011 Q2 · CFO: +14.42011 Q3 · CFO: +5.12011 Q4 · CFO: -0.42012 Q1 · CFO: -3.02012 Q2 · CFO: +1.22012 Q3 · CFO: +4.32012 Q4 · CFO: +8.42013 Q1 · CFO: +12.82013 Q2 · CFO: +4.82013 Q3 · CFO: +35.92013 Q4 · CFO: +9.42014 Q1 · CFO: +18.52014 Q2 · CFO: +14.42014 Q3 · CFO: +14.62014 Q4 · CFO: +8.52015 Q1 · CFO: +13.02015 Q2 · CFO: +4.62016 Q2 · CFO: +12.92016 Q3 · CFO: +13.32016 Q4 · CFO: +19.82017 Q1 · CFO: +15.42017 Q2 · CFO: +13.12017 Q3 · CFO: +15.52017 Q4 · CFO: +13.52018 Q1 · CFO: +10.42018 Q2 · CFO: +15.42018 Q3 · CFO: +18.72018 Q4 · CFO: +14.82019 Q1 · CFO: +9.32019 Q2 · CFO: +13.42019 Q3 · CFO: +28.42020 Q1 · CFO: +7.12020 Q2 · CFO: -1.62020 Q3 · CFO: +4.32020 Q4 · CFO: +3.02021 Q1 · CFO: +14.52021 Q2 · CFO: +13.22021 Q3 · CFO: +10.92021 Q4 · CFO: +16.32022 Q1 · CFO: +20.72022 Q2 · CFO: +13.52022 Q3 · CFO: +17.02022 Q4 · CFO: +18.52023 Q1 · CFO: +14.22023 Q2 · CFO: +17.52023 Q3 · CFO: +15.32023 Q4 · CFO: +16.82024 Q1 · CFO: +25.72024 Q3 · CFO: +30.32024 Q4 · CFO: +26.42025 Q1 · CFO: +16.92025 Q2 · CFO: +13.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-44-22+0+22+442007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Prepared remarks: +6.22007 Q4 · Prepared remarks: +17.22008 Q1 · Prepared remarks: +9.92008 Q2 · Prepared remarks: +5.52008 Q3 · Prepared remarks: +4.22008 Q4 · Prepared remarks: +19.12009 Q1 · Prepared remarks: +6.42009 Q2 · Prepared remarks: +8.02009 Q3 · Prepared remarks: +10.22009 Q4 · Prepared remarks: +23.12010 Q1 · Prepared remarks: +19.52010 Q2 · Prepared remarks: +15.42010 Q3 · Prepared remarks: +10.32010 Q4 · Prepared remarks: +17.32011 Q1 · Prepared remarks: +9.32011 Q2 · Prepared remarks: +11.02011 Q3 · Prepared remarks: +14.52011 Q4 · Prepared remarks: +9.62012 Q1 · Prepared remarks: +4.92012 Q2 · Prepared remarks: +9.12012 Q3 · Prepared remarks: +8.52012 Q4 · Prepared remarks: +9.42013 Q1 · Prepared remarks: +13.82013 Q2 · Prepared remarks: +10.42013 Q3 · Prepared remarks: +15.22013 Q4 · Prepared remarks: +11.42014 Q1 · Prepared remarks: +20.02014 Q2 · Prepared remarks: +18.52014 Q3 · Prepared remarks: +17.92014 Q4 · Prepared remarks: +15.72015 Q1 · Prepared remarks: +21.12015 Q2 · Prepared remarks: +11.22015 Q3 · Prepared remarks: +15.32015 Q4 · Prepared remarks: +22.22016 Q1 · Prepared remarks: +21.22016 Q2 · Prepared remarks: +22.02016 Q3 · Prepared remarks: +26.12016 Q4 · Prepared remarks: +15.32017 Q1 · Prepared remarks: +22.02017 Q2 · Prepared remarks: +24.02017 Q3 · Prepared remarks: +17.62017 Q4 · Prepared remarks: +15.12018 Q1 · Prepared remarks: +11.72018 Q2 · Prepared remarks: +19.32018 Q3 · Prepared remarks: +27.92018 Q4 · Prepared remarks: +22.22019 Q1 · Prepared remarks: +15.52019 Q2 · Prepared remarks: +16.62019 Q3 · Prepared remarks: +27.62019 Q4 · Prepared remarks: +19.82020 Q1 · Prepared remarks: +10.92020 Q2 · Prepared remarks: +3.72020 Q3 · Prepared remarks: +10.72020 Q4 · Prepared remarks: +14.82021 Q1 · Prepared remarks: +20.42021 Q2 · Prepared remarks: +23.52021 Q3 · Prepared remarks: +23.32021 Q4 · Prepared remarks: +22.62022 Q1 · Prepared remarks: +24.92022 Q2 · Prepared remarks: +18.12022 Q3 · Prepared remarks: +25.52022 Q4 · Prepared remarks: +22.42023 Q1 · Prepared remarks: +24.22023 Q2 · Prepared remarks: +26.62023 Q3 · Prepared remarks: +20.42023 Q4 · Prepared remarks: +21.92024 Q1 · Prepared remarks: +28.52024 Q2 · Prepared remarks: +31.72024 Q3 · Prepared remarks: +37.92024 Q4 · Prepared remarks: +35.32025 Q1 · Prepared remarks: +21.52025 Q2 · Prepared remarks: +21.52007 Q3 · Q&A responses: +1.72007 Q4 · Q&A responses: +8.42008 Q1 · Q&A responses: +3.62008 Q2 · Q&A responses: +2.02008 Q3 · Q&A responses: +3.62008 Q4 · Q&A responses: +5.32009 Q1 · Q&A responses: +5.42009 Q2 · Q&A responses: +0.02009 Q3 · Q&A responses: +7.92009 Q4 · Q&A responses: +4.62010 Q1 · Q&A responses: +7.52010 Q2 · Q&A responses: +3.72010 Q3 · Q&A responses: +5.22010 Q4 · Q&A responses: +5.72011 Q1 · Q&A responses: +7.02011 Q2 · Q&A responses: +13.22011 Q3 · Q&A responses: +1.02011 Q4 · Q&A responses: +2.62012 Q1 · Q&A responses: +1.92012 Q2 · Q&A responses: +3.92012 Q3 · Q&A responses: +7.82012 Q4 · Q&A responses: +3.42013 Q1 · Q&A responses: +10.72013 Q2 · Q&A responses: +7.02013 Q3 · Q&A responses: +5.22013 Q4 · Q&A responses: +2.82014 Q1 · Q&A responses: +5.02014 Q2 · Q&A responses: +4.52014 Q3 · Q&A responses: +9.82014 Q4 · Q&A responses: +6.02015 Q1 · Q&A responses: +14.02015 Q2 · Q&A responses: +7.82015 Q3 · Q&A responses: +21.12015 Q4 · Q&A responses: +10.32016 Q1 · Q&A responses: +13.22016 Q2 · Q&A responses: +16.22016 Q3 · Q&A responses: +10.42016 Q4 · Q&A responses: +13.12017 Q1 · Q&A responses: +13.12017 Q2 · Q&A responses: +18.52017 Q3 · Q&A responses: +17.52017 Q4 · Q&A responses: +15.02018 Q1 · Q&A responses: +14.32018 Q2 · Q&A responses: +21.52018 Q3 · Q&A responses: +16.22018 Q4 · Q&A responses: +15.02019 Q1 · Q&A responses: +9.02019 Q2 · Q&A responses: +11.52019 Q3 · Q&A responses: +9.12019 Q4 · Q&A responses: +4.92020 Q1 · Q&A responses: +3.72020 Q2 · Q&A responses: +3.72020 Q3 · Q&A responses: +8.52020 Q4 · Q&A responses: +7.82021 Q1 · Q&A responses: +10.32021 Q2 · Q&A responses: +13.32021 Q3 · Q&A responses: +5.82021 Q4 · Q&A responses: +13.12022 Q1 · Q&A responses: +14.92022 Q2 · Q&A responses: +10.92022 Q3 · Q&A responses: +11.52022 Q4 · Q&A responses: +16.12023 Q1 · Q&A responses: +8.82023 Q2 · Q&A responses: +22.32023 Q3 · Q&A responses: +10.12023 Q4 · Q&A responses: +16.62024 Q1 · Q&A responses: +19.02024 Q2 · Q&A responses: +18.52024 Q3 · Q&A responses: +18.82024 Q4 · Q&A responses: +16.22025 Q2 · Q&A responses: +11.9
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

$5.87$10.63$15.392007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $6.532014 Q2: $6.692014 Q3: $6.822014 Q4: $6.922015 Q1: $7.872015 Q2: $8.122015 Q3: $8.412015 Q4: $8.632016 Q1: $8.892016 Q2: $9.242016 Q3: $9.462016 Q4: $9.772017 Q1: $9.912017 Q2: $10.132017 Q3: $10.412017 Q4: $10.822018 Q1: $11.772018 Q2: $12.232018 Q3: $12.682018 Q4: $12.522019 Q1: $12.872019 Q2: $12.712019 Q3: $12.962019 Q4: $12.932020 Q1: $12.632020 Q2: $11.952020 Q3: $12.792020 Q4: $12.742021 Q1: $13.122021 Q2: $13.042021 Q3: $12.392021 Q4: $12.732022 Q1: $13.432022 Q2: $12.042022 Q3: $12.212022 Q4: $12.282023 Q1: $12.912023 Q2: $13.272023 Q3: $13.542023 Q4: $13.252024 Q1: $13.642024 Q2: $13.962024 Q3: $14.262024 Q4: $14.73

Forward P/E

14.7318.2121.692007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 17.732014 Q2: 17.712014 Q3: 16.792014 Q4: 19.772015 Q1: 18.372015 Q2: 17.222015 Q3: 16.512015 Q4: 18.062016 Q1: 16.842016 Q2: 18.042016 Q3: 18.272016 Q4: 17.172017 Q1: 18.612017 Q2: 19.002017 Q3: 18.892017 Q4: 20.232018 Q1: 18.992018 Q2: 18.992018 Q3: 20.512018 Q4: 17.762019 Q1: 19.712019 Q2: 18.742019 Q3: 19.872019 Q4: 20.672020 Q1: 18.582020 Q2: 19.852020 Q3: 17.752020 Q4: 19.252021 Q1: 18.252021 Q2: 18.422021 Q3: 21.122021 Q4: 19.592022 Q1: 19.422022 Q2: 19.662022 Q3: 21.212022 Q4: 20.682023 Q1: 18.162023 Q2: 19.092023 Q3: 19.572023 Q4: 18.152024 Q1: 17.512024 Q2: 16.742024 Q3: 16.242024 Q4: 15.21

Divergence watch ⚑

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

  • 2014 Q2 tone ↓ -3.6 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -5.8 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -2.4 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -2.7 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -2.3 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -2.3 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -2.6 fwd EPS ↑ +0.95 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -6.8 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -2.3 fwd EPS ↑ +0.63 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -7.9 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +3.3 fwd EPS ↓ -0.29 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-05-01+12.0——View →
2025 Q12025-02-06+20.5——View →
2024 Q42024-11-07+20.3$14.7315.2View →
2024 Q32024-08-01+20.8$14.2616.2View →
2024 Q22024-05-02+16.9$13.9616.7View →
2024 Q12024-02-01+18.2$13.6417.5View →
2023 Q42023-11-09+16.9$13.2518.1View →
2023 Q32023-08-03+13.6$13.5419.6View →