Subtext

Bristol-Myers Squibb Company BMY

SectorHealth Care
Transcripts72
Date range2007-07-23 – 2025-04-24
Calls charted72

Sentiment timeline

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

-16-8+0+8+162007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Overall: +2.22007 Q3 · Overall: +0.22007 Q4 · Overall: +2.82008 Q1 · Overall: +6.22008 Q2 · Overall: +2.72008 Q3 · Overall: +0.02008 Q4 · Overall: +6.22009 Q1 · Overall: +3.22009 Q2 · Overall: +8.82009 Q3 · Overall: +7.52009 Q4 · Overall: +6.02010 Q1 · Overall: +5.12010 Q2 · Overall: +0.52010 Q3 · Overall: +1.12010 Q4 · Overall: +1.52011 Q1 · Overall: +1.82011 Q2 · Overall: +0.22011 Q3 · Overall: +3.62011 Q4 · Overall: +5.22012 Q1 · Overall: +14.02012 Q2 · Overall: +8.12012 Q3 · Overall: +4.42012 Q4 · Overall: +9.62013 Q1 · Overall: +8.62013 Q2 · Overall: +3.22013 Q3 · Overall: +5.52013 Q4 · Overall: +7.82014 Q1 · Overall: +8.42014 Q2 · Overall: +10.12014 Q3 · Overall: +0.62014 Q4 · Overall: +14.22015 Q1 · Overall: +10.92015 Q2 · Overall: +9.82015 Q3 · Overall: +11.62015 Q4 · Overall: +7.32016 Q1 · Overall: +6.72016 Q2 · Overall: +9.02016 Q3 · Overall: +3.42016 Q4 · Overall: -2.12017 Q1 · Overall: +7.12017 Q2 · Overall: +4.82017 Q3 · Overall: +6.02017 Q4 · Overall: +8.62018 Q1 · Overall: +7.92018 Q2 · Overall: +8.72018 Q3 · Overall: +4.32018 Q4 · Overall: +12.82019 Q1 · Overall: +1.32019 Q2 · Overall: +8.12019 Q3 · Overall: +3.52019 Q4 · Overall: +9.72020 Q1 · Overall: +6.42020 Q2 · Overall: +9.92020 Q3 · Overall: +6.12020 Q4 · Overall: +13.02021 Q1 · Overall: +12.02021 Q2 · Overall: +13.02021 Q3 · Overall: +6.42021 Q4 · Overall: +9.82022 Q1 · Overall: +8.12022 Q2 · Overall: +8.72022 Q3 · Overall: +6.82022 Q4 · Overall: +7.22023 Q1 · Overall: +9.32023 Q2 · Overall: +6.22023 Q3 · Overall: +10.72023 Q4 · Overall: +7.72024 Q1 · Overall: -0.52024 Q2 · Overall: +4.02024 Q3 · Overall: +6.92024 Q4 · Overall: +8.32025 Q1 · Overall: +6.7
Overall

CEO vs CFO

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

-47-23+0+23+472007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · CEO: +7.82007 Q3 · CEO: +9.12007 Q4 · CEO: +5.92008 Q1 · CEO: +14.12008 Q2 · CEO: +4.72008 Q3 · CEO: +6.42008 Q4 · CEO: +19.32009 Q1 · CEO: +7.62009 Q2 · CEO: +5.22009 Q3 · CEO: +12.62009 Q4 · CEO: +15.12010 Q1 · CEO: +3.02010 Q2 · CEO: +0.02010 Q3 · CEO: +13.92010 Q4 · CEO: +3.32011 Q1 · CEO: -1.32011 Q2 · CEO: +3.22011 Q3 · CEO: -1.12011 Q4 · CEO: +17.32012 Q1 · CEO: +25.72012 Q2 · CEO: +20.52012 Q3 · CEO: +10.12012 Q4 · CEO: +14.72013 Q2 · CEO: +8.32013 Q3 · CEO: +12.62013 Q4 · CEO: +11.12014 Q1 · CEO: +16.82014 Q2 · CEO: +15.32014 Q3 · CEO: +27.52014 Q4 · CEO: +26.72015 Q1 · CEO: +33.42015 Q3 · CEO: +33.02015 Q4 · CEO: +19.12016 Q1 · CEO: +19.42016 Q2 · CEO: +17.22016 Q3 · CEO: +17.32016 Q4 · CEO: +12.52017 Q1 · CEO: +15.52017 Q2 · CEO: +20.82017 Q4 · CEO: +16.22018 Q1 · CEO: +35.02018 Q2 · CEO: +25.02018 Q4 · CEO: +29.82019 Q1 · CEO: +21.02019 Q3 · CEO: +22.42020 Q1 · CEO: +4.42020 Q2 · CEO: +16.92020 Q4 · CEO: +21.82021 Q1 · CEO: +19.02021 Q2 · CEO: +35.12021 Q3 · CEO: +12.42021 Q4 · CEO: +40.82022 Q1 · CEO: +25.62022 Q2 · CEO: +22.12022 Q3 · CEO: +17.32022 Q4 · CEO: +27.02023 Q1 · CEO: +35.72023 Q2 · CEO: +14.12023 Q3 · CEO: +27.72023 Q4 · CEO: +17.02024 Q1 · CEO: +6.02024 Q2 · CEO: +8.42024 Q3 · CEO: +24.82024 Q4 · CEO: +11.02025 Q1 · CEO: +16.12007 Q2 · CFO: +6.02007 Q3 · CFO: +0.02007 Q4 · CFO: +6.02008 Q2 · CFO: +0.02008 Q3 · CFO: -29.42008 Q4 · CFO: +12.92009 Q1 · CFO: -2.62009 Q2 · CFO: +13.82009 Q3 · CFO: +13.12010 Q1 · CFO: +14.62010 Q2 · CFO: +6.52010 Q3 · CFO: -5.92010 Q4 · CFO: +7.02011 Q1 · CFO: +4.22011 Q2 · CFO: -1.52011 Q3 · CFO: +6.22011 Q4 · CFO: +7.42012 Q1 · CFO: +17.42012 Q2 · CFO: +14.62012 Q3 · CFO: +10.02012 Q4 · CFO: +9.52013 Q1 · CFO: +15.32013 Q2 · CFO: +3.82013 Q3 · CFO: +14.12013 Q4 · CFO: +20.22014 Q1 · CFO: +8.82014 Q2 · CFO: +15.52014 Q3 · CFO: +9.82014 Q4 · CFO: +11.52015 Q4 · CFO: +11.62016 Q3 · CFO: +19.32016 Q4 · CFO: -8.62017 Q1 · CFO: +21.32017 Q2 · CFO: +22.52017 Q3 · CFO: +19.52017 Q4 · CFO: +9.12018 Q1 · CFO: +36.02018 Q2 · CFO: +19.12019 Q1 · CFO: +0.02019 Q3 · CFO: +6.32019 Q4 · CFO: +30.02020 Q1 · CFO: +14.22020 Q2 · CFO: +3.42021 Q1 · CFO: +28.82021 Q2 · CFO: +32.12021 Q3 · CFO: +22.12021 Q4 · CFO: +13.42022 Q1 · CFO: +14.92022 Q2 · CFO: +15.52022 Q3 · CFO: +16.02022 Q4 · CFO: +12.32023 Q1 · CFO: +13.42023 Q2 · CFO: +21.52023 Q3 · CFO: +11.32023 Q4 · CFO: +21.12024 Q1 · CFO: +7.62024 Q2 · CFO: +13.82024 Q3 · CFO: +18.92024 Q4 · CFO: +16.82025 Q1 · CFO: +19.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-52-26+0+26+522007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Prepared remarks: +9.12007 Q3 · Prepared remarks: +8.22007 Q4 · Prepared remarks: +10.62008 Q1 · Prepared remarks: +10.72008 Q2 · Prepared remarks: +6.52008 Q3 · Prepared remarks: +7.82008 Q4 · Prepared remarks: +20.42009 Q1 · Prepared remarks: +8.72009 Q2 · Prepared remarks: +18.12009 Q3 · Prepared remarks: +9.12009 Q4 · Prepared remarks: +15.02010 Q1 · Prepared remarks: +14.02010 Q2 · Prepared remarks: +7.92010 Q3 · Prepared remarks: +2.82010 Q4 · Prepared remarks: +9.32011 Q1 · Prepared remarks: +6.72011 Q2 · Prepared remarks: +4.32011 Q3 · Prepared remarks: +13.22011 Q4 · Prepared remarks: +5.12012 Q1 · Prepared remarks: +17.22012 Q2 · Prepared remarks: +8.82012 Q3 · Prepared remarks: +10.12012 Q4 · Prepared remarks: +12.22013 Q1 · Prepared remarks: +11.12013 Q2 · Prepared remarks: +6.22013 Q3 · Prepared remarks: +12.22013 Q4 · Prepared remarks: +8.22014 Q1 · Prepared remarks: +14.72014 Q2 · Prepared remarks: +9.42014 Q3 · Prepared remarks: +17.32014 Q4 · Prepared remarks: +22.42015 Q1 · Prepared remarks: +19.12015 Q2 · Prepared remarks: +22.32015 Q3 · Prepared remarks: +29.22015 Q4 · Prepared remarks: +17.92016 Q1 · Prepared remarks: +23.62016 Q2 · Prepared remarks: +22.92016 Q3 · Prepared remarks: +19.52016 Q4 · Prepared remarks: +3.12017 Q1 · Prepared remarks: +7.22017 Q2 · Prepared remarks: +22.72017 Q3 · Prepared remarks: +22.32017 Q4 · Prepared remarks: +18.32018 Q1 · Prepared remarks: +37.12018 Q2 · Prepared remarks: +18.12018 Q3 · Prepared remarks: +24.02018 Q4 · Prepared remarks: +25.22019 Q1 · Prepared remarks: +15.72019 Q2 · Prepared remarks: +24.52019 Q3 · Prepared remarks: +33.32019 Q4 · Prepared remarks: +24.62020 Q1 · Prepared remarks: +19.22020 Q2 · Prepared remarks: +30.22020 Q3 · Prepared remarks: +45.02020 Q4 · Prepared remarks: +24.62021 Q1 · Prepared remarks: +28.92021 Q2 · Prepared remarks: +34.42021 Q3 · Prepared remarks: +26.52021 Q4 · Prepared remarks: +10.22022 Q1 · Prepared remarks: +19.42022 Q2 · Prepared remarks: +18.32022 Q3 · Prepared remarks: +19.52022 Q4 · Prepared remarks: +19.52023 Q1 · Prepared remarks: +26.62023 Q2 · Prepared remarks: +22.42023 Q3 · Prepared remarks: +18.62023 Q4 · Prepared remarks: +18.52024 Q1 · Prepared remarks: +14.32024 Q2 · Prepared remarks: +16.02024 Q3 · Prepared remarks: +24.82024 Q4 · Prepared remarks: +18.52025 Q1 · Prepared remarks: +17.82007 Q2 · Q&A responses: +1.42007 Q3 · Q&A responses: -5.12007 Q4 · Q&A responses: +0.82008 Q1 · Q&A responses: +11.92008 Q2 · Q&A responses: +0.82008 Q3 · Q&A responses: -5.72008 Q4 · Q&A responses: +3.32009 Q1 · Q&A responses: -4.52009 Q2 · Q&A responses: +4.32009 Q3 · Q&A responses: -7.42009 Q4 · Q&A responses: +3.42010 Q1 · Q&A responses: -0.72010 Q2 · Q&A responses: -0.62010 Q3 · Q&A responses: +5.12010 Q4 · Q&A responses: +3.82011 Q1 · Q&A responses: +0.62011 Q2 · Q&A responses: +0.42011 Q3 · Q&A responses: +1.62012 Q1 · Q&A responses: +13.72012 Q2 · Q&A responses: +17.42012 Q3 · Q&A responses: +7.12012 Q4 · Q&A responses: +8.92013 Q1 · Q&A responses: +15.32013 Q2 · Q&A responses: +0.02013 Q3 · Q&A responses: +7.82013 Q4 · Q&A responses: +8.62014 Q1 · Q&A responses: +11.32014 Q2 · Q&A responses: +23.92014 Q3 · Q&A responses: +1.82014 Q4 · Q&A responses: +17.42015 Q1 · Q&A responses: +16.12015 Q2 · Q&A responses: +11.82015 Q3 · Q&A responses: +13.52015 Q4 · Q&A responses: +11.62016 Q1 · Q&A responses: +8.52016 Q2 · Q&A responses: +10.52016 Q3 · Q&A responses: +3.42016 Q4 · Q&A responses: +3.12017 Q2 · Q&A responses: +0.72017 Q3 · Q&A responses: +6.12017 Q4 · Q&A responses: +7.72018 Q1 · Q&A responses: +7.52018 Q2 · Q&A responses: +4.52018 Q3 · Q&A responses: +2.62018 Q4 · Q&A responses: +11.12019 Q1 · Q&A responses: +6.32019 Q2 · Q&A responses: +7.12019 Q3 · Q&A responses: +2.22019 Q4 · Q&A responses: +12.62020 Q1 · Q&A responses: +11.32020 Q2 · Q&A responses: +10.02020 Q3 · Q&A responses: +8.52020 Q4 · Q&A responses: +12.62021 Q1 · Q&A responses: +13.12021 Q2 · Q&A responses: +7.62021 Q3 · Q&A responses: +3.72021 Q4 · Q&A responses: +13.32022 Q1 · Q&A responses: +3.42022 Q2 · Q&A responses: +5.32022 Q3 · Q&A responses: +4.62022 Q4 · Q&A responses: +3.82023 Q1 · Q&A responses: +3.42023 Q2 · Q&A responses: +5.92023 Q3 · Q&A responses: +6.72023 Q4 · Q&A responses: +5.92024 Q1 · Q&A responses: +5.22024 Q2 · Q&A responses: +3.82024 Q3 · Q&A responses: +3.62024 Q4 · Q&A responses: +8.62025 Q1 · Q&A responses: +9.5
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

$1.23$4.92$8.612007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: $1.752014 Q2: $1.742014 Q3: $1.742014 Q4: $1.792015 Q1: $1.862015 Q2: $2.032015 Q3: $2.142015 Q4: $2.292016 Q1: $2.542016 Q2: $2.902016 Q3: $2.912016 Q4: $2.982017 Q1: $2.892017 Q2: $3.042017 Q3: $3.122017 Q4: $3.252018 Q1: $3.402018 Q2: $3.562018 Q3: $3.792018 Q4: $4.072019 Q1: $4.242019 Q2: $4.302019 Q3: $5.782019 Q4: $6.282020 Q1: $6.542020 Q2: $6.802020 Q3: $7.162020 Q4: $7.462021 Q1: $7.612021 Q2: $7.722021 Q3: $7.922021 Q4: $7.862022 Q1: $7.932022 Q2: $7.812022 Q3: $7.892022 Q4: $7.942023 Q1: $8.102023 Q2: $8.102023 Q3: $7.762023 Q4: $7.302024 Q1: $6.902024 Q2: $3.752024 Q3: $5.44

Forward P/E

4.7221.9639.192007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: 31.242014 Q2: 27.702014 Q3: 29.282014 Q4: 33.072015 Q1: 36.812015 Q2: 32.662015 Q3: 28.792015 Q4: 30.882016 Q1: 24.612016 Q2: 25.072016 Q3: 19.002016 Q4: 19.632017 Q1: 19.972017 Q2: 17.932017 Q3: 20.012017 Q4: 19.532018 Q1: 19.602018 Q2: 15.022018 Q3: 16.042018 Q4: 12.382019 Q1: 12.012019 Q2: 11.292019 Q3: 8.632019 Q4: 10.062020 Q1: 7.692020 Q2: 8.372020 Q3: 8.312020 Q4: 8.362021 Q1: 8.172021 Q2: 8.662021 Q3: 7.832021 Q4: 7.712022 Q1: 8.792022 Q2: 9.352022 Q3: 8.932022 Q4: 9.722023 Q1: 8.332023 Q2: 7.932023 Q3: 7.692023 Q4: 7.102024 Q1: 7.632024 Q2: 10.882024 Q3: 9.14

Divergence watch ⚑

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

  • 2015 Q1 tone ↓ -3.3 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -4.3 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -5.4 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↑ +9.2 fwd EPS ↓ -0.09 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -2.3 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -4.4 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -11.4 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -4.6 fwd EPS ↑ +1.48 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -3.3 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q3 tone ↓ -3.8 fwd EPS ↑ +0.36 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -6.6 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↑ +4.5 fwd EPS ↓ -0.34 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↑ +4.5 fwd EPS ↓ -3.15 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+6.7——View →
2024 Q42025-02-06+8.3——View →
2024 Q32024-10-31+6.9$5.449.1View →
2024 Q22024-07-26+4.0$3.7510.9View →
2024 Q12024-04-25-0.5$6.907.6View →
2023 Q42024-02-02+7.7$7.307.1View →
2023 Q32023-10-26+10.7$7.767.7View →
2023 Q22023-07-27+6.2$8.107.9View →