Subtext

Blackstone Inc. BX

SectorFinancials
Transcripts65
Date range2007-08-13 – 2025-04-17
Calls charted55

Sentiment timeline

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

-14-7+0+7+142007 Q22012 Q42014 Q42016 Q32018 Q22020 Q12022 Q12023 Q42007 Q2 · Overall: +6.12008 Q1 · Overall: +0.12008 Q2 · Overall: -2.52011 Q4 · Overall: +4.72012 Q1 · Overall: +1.22012 Q2 · Overall: +3.22012 Q3 · Overall: +6.02012 Q4 · Overall: +6.52013 Q1 · Overall: +8.92013 Q2 · Overall: +7.92013 Q3 · Overall: +6.52014 Q1 · Overall: +6.82014 Q2 · Overall: +8.32014 Q3 · Overall: +3.82014 Q4 · Overall: +8.62015 Q1 · Overall: +12.12015 Q2 · Overall: +5.92015 Q3 · Overall: -0.32015 Q4 · Overall: +2.62016 Q1 · Overall: +9.82016 Q2 · Overall: +7.22016 Q3 · Overall: +8.92016 Q4 · Overall: +9.22017 Q1 · Overall: +8.12017 Q2 · Overall: +8.52017 Q3 · Overall: +9.82017 Q4 · Overall: +7.62018 Q1 · Overall: +6.02018 Q2 · Overall: +7.52018 Q3 · Overall: +4.32018 Q4 · Overall: +4.72019 Q1 · Overall: +6.92019 Q2 · Overall: +4.22019 Q3 · Overall: +12.32019 Q4 · Overall: +8.32020 Q1 · Overall: -2.52020 Q2 · Overall: +5.02020 Q4 · Overall: +9.42021 Q1 · Overall: +10.42021 Q2 · Overall: +8.42021 Q3 · Overall: +10.12021 Q4 · Overall: +11.82022 Q1 · Overall: +10.12022 Q2 · Overall: +2.72022 Q3 · Overall: +8.12022 Q4 · Overall: +11.32023 Q1 · Overall: +7.82023 Q2 · Overall: +10.72023 Q3 · Overall: +6.62023 Q4 · Overall: +8.92024 Q1 · Overall: +8.62024 Q2 · Overall: +10.82024 Q3 · Overall: +10.62024 Q4 · Overall: +10.82025 Q1 · Overall: +7.6
Overall

CEO vs CFO

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

-41-21+0+21+412007 Q22012 Q42014 Q42016 Q32018 Q22020 Q12022 Q12023 Q42011 Q4 · CEO: +7.72012 Q1 · CEO: +1.92012 Q2 · CEO: +2.52012 Q3 · CEO: +7.12012 Q4 · CEO: +10.42013 Q1 · CEO: +17.02013 Q2 · CEO: +9.42013 Q3 · CEO: +7.72014 Q1 · CEO: +9.62014 Q2 · CEO: +15.22014 Q3 · CEO: +4.62014 Q4 · CEO: +15.12015 Q1 · CEO: +14.52015 Q2 · CEO: +11.62015 Q3 · CEO: +3.02015 Q4 · CEO: +5.62016 Q1 · CEO: +12.42016 Q2 · CEO: +5.72016 Q3 · CEO: +14.82016 Q4 · CEO: +10.42017 Q1 · CEO: +10.22017 Q2 · CEO: +14.02017 Q3 · CEO: +17.62017 Q4 · CEO: +8.92018 Q1 · CEO: +12.72018 Q2 · CEO: +8.52018 Q3 · CEO: +10.22018 Q4 · CEO: +8.22019 Q1 · CEO: +13.22019 Q2 · CEO: +20.92019 Q3 · CEO: +22.72019 Q4 · CEO: +20.42020 Q1 · CEO: -1.02020 Q2 · CEO: +7.92020 Q4 · CEO: +6.82021 Q1 · CEO: +26.92021 Q2 · CEO: +12.52021 Q3 · CEO: +26.42021 Q4 · CEO: +17.62022 Q1 · CEO: +36.12022 Q2 · CEO: +1.82022 Q3 · CEO: +6.92022 Q4 · CEO: +11.32023 Q1 · CEO: -5.52023 Q2 · CEO: +23.72023 Q3 · CEO: +7.32023 Q4 · CEO: +10.52024 Q1 · CEO: +13.92024 Q2 · CEO: +7.12024 Q3 · CEO: +15.22024 Q4 · CEO: +22.62025 Q1 · CEO: +24.42007 Q2 · CFO: +10.22008 Q2 · CFO: -5.82011 Q4 · CFO: +4.52012 Q1 · CFO: +6.12012 Q2 · CFO: +3.32012 Q3 · CFO: +9.92012 Q4 · CFO: +11.52013 Q1 · CFO: +15.12013 Q2 · CFO: +8.42013 Q3 · CFO: +6.82014 Q1 · CFO: +1.02014 Q2 · CFO: +3.82014 Q3 · CFO: +2.42014 Q4 · CFO: +6.22015 Q1 · CFO: +17.22015 Q2 · CFO: +4.82015 Q3 · CFO: +2.42015 Q4 · CFO: +8.12016 Q1 · CFO: +12.92016 Q2 · CFO: +7.52016 Q3 · CFO: +10.02016 Q4 · CFO: +18.12017 Q1 · CFO: +7.22017 Q2 · CFO: +5.82017 Q3 · CFO: +11.62017 Q4 · CFO: +11.12018 Q1 · CFO: +10.12018 Q2 · CFO: +14.52018 Q3 · CFO: +9.72018 Q4 · CFO: +8.62019 Q1 · CFO: +12.82019 Q2 · CFO: +9.52019 Q3 · CFO: +10.12019 Q4 · CFO: +16.02020 Q1 · CFO: +2.72020 Q2 · CFO: +12.82020 Q4 · CFO: +20.72021 Q1 · CFO: +18.12021 Q2 · CFO: +11.22021 Q3 · CFO: +13.42021 Q4 · CFO: +11.02022 Q1 · CFO: +7.92022 Q2 · CFO: +4.52022 Q3 · CFO: +12.72022 Q4 · CFO: +13.02023 Q1 · CFO: +9.62023 Q2 · CFO: +4.82023 Q3 · CFO: +1.12023 Q4 · CFO: +8.22024 Q1 · CFO: +11.32024 Q2 · CFO: +14.12024 Q3 · CFO: +5.32024 Q4 · CFO: +14.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-38-19+0+19+382007 Q22012 Q42014 Q42016 Q32018 Q22020 Q12022 Q12023 Q42007 Q2 · Prepared remarks: +8.22008 Q1 · Prepared remarks: +0.12008 Q2 · Prepared remarks: -2.22011 Q4 · Prepared remarks: +30.62012 Q1 · Prepared remarks: +33.02012 Q2 · Prepared remarks: +2.82012 Q3 · Prepared remarks: +12.22012 Q4 · Prepared remarks: +15.02013 Q1 · Prepared remarks: +22.02013 Q2 · Prepared remarks: +10.82013 Q3 · Prepared remarks: +15.22014 Q1 · Prepared remarks: +13.82014 Q2 · Prepared remarks: +14.32014 Q3 · Prepared remarks: +8.42014 Q4 · Prepared remarks: +18.72015 Q1 · Prepared remarks: +20.02015 Q2 · Prepared remarks: +15.02015 Q3 · Prepared remarks: +3.92015 Q4 · Prepared remarks: +9.62016 Q1 · Prepared remarks: +11.62016 Q2 · Prepared remarks: +6.92016 Q3 · Prepared remarks: +13.02016 Q4 · Prepared remarks: +18.52017 Q1 · Prepared remarks: +11.22017 Q2 · Prepared remarks: +13.22017 Q3 · Prepared remarks: +17.42017 Q4 · Prepared remarks: +13.52018 Q1 · Prepared remarks: +13.22018 Q2 · Prepared remarks: +11.02018 Q3 · Prepared remarks: +10.92018 Q4 · Prepared remarks: +6.22019 Q1 · Prepared remarks: +15.92019 Q2 · Prepared remarks: +13.12019 Q3 · Prepared remarks: +15.72019 Q4 · Prepared remarks: +15.42020 Q1 · Prepared remarks: -1.42020 Q2 · Prepared remarks: +11.72020 Q4 · Prepared remarks: +13.62021 Q1 · Prepared remarks: +20.92021 Q2 · Prepared remarks: +20.52021 Q3 · Prepared remarks: +16.52021 Q4 · Prepared remarks: +14.62022 Q1 · Prepared remarks: +20.22022 Q2 · Prepared remarks: +5.82022 Q3 · Prepared remarks: +9.02022 Q4 · Prepared remarks: +10.32023 Q1 · Prepared remarks: +2.82023 Q2 · Prepared remarks: +10.92023 Q3 · Prepared remarks: +9.02023 Q4 · Prepared remarks: +9.52024 Q1 · Prepared remarks: +8.92024 Q2 · Prepared remarks: +11.52024 Q3 · Prepared remarks: +15.32024 Q4 · Prepared remarks: +19.72025 Q1 · Prepared remarks: +18.72007 Q2 · Q&A responses: +4.92008 Q2 · Q&A responses: -3.92011 Q4 · Q&A responses: +6.82012 Q1 · Q&A responses: +2.22012 Q2 · Q&A responses: +4.42012 Q3 · Q&A responses: +4.32012 Q4 · Q&A responses: +4.82013 Q1 · Q&A responses: +4.82013 Q2 · Q&A responses: +8.72013 Q3 · Q&A responses: +2.72014 Q1 · Q&A responses: +2.32014 Q2 · Q&A responses: +8.42014 Q3 · Q&A responses: +1.72014 Q4 · Q&A responses: +5.32015 Q1 · Q&A responses: +7.52015 Q2 · Q&A responses: +2.62015 Q3 · Q&A responses: +1.32015 Q4 · Q&A responses: +1.82016 Q1 · Q&A responses: +12.52016 Q2 · Q&A responses: +9.02016 Q3 · Q&A responses: +7.62016 Q4 · Q&A responses: +4.32017 Q1 · Q&A responses: +9.92017 Q2 · Q&A responses: +5.52017 Q3 · Q&A responses: +7.32017 Q4 · Q&A responses: +5.92018 Q1 · Q&A responses: +5.72018 Q2 · Q&A responses: +9.62018 Q3 · Q&A responses: +4.42018 Q4 · Q&A responses: +8.92019 Q1 · Q&A responses: +8.02019 Q2 · Q&A responses: +2.72019 Q3 · Q&A responses: +13.32019 Q4 · Q&A responses: +6.22020 Q1 · Q&A responses: -2.12020 Q2 · Q&A responses: +3.52020 Q4 · Q&A responses: +11.42021 Q1 · Q&A responses: +12.92021 Q2 · Q&A responses: +8.42021 Q3 · Q&A responses: +9.22021 Q4 · Q&A responses: +9.42022 Q1 · Q&A responses: +6.72022 Q2 · Q&A responses: +1.42022 Q3 · Q&A responses: +9.72022 Q4 · Q&A responses: +13.72023 Q1 · Q&A responses: +11.02023 Q3 · Q&A responses: +4.42023 Q4 · Q&A responses: +9.42024 Q2 · Q&A responses: +10.22024 Q3 · Q&A responses: +8.42024 Q4 · Q&A responses: +6.82025 Q1 · Q&A responses: +3.8
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

$2.21$4.26$6.312007 Q22012 Q42014 Q42016 Q32018 Q22020 Q12022 Q12023 Q42014 Q1: $3.192014 Q2: $3.352014 Q3: $3.722014 Q4: $3.682015 Q1: $3.742015 Q2: $3.942015 Q3: $3.672015 Q4: $3.362016 Q1: $2.612016 Q2: $2.772016 Q3: $2.752016 Q4: $2.802017 Q1: $2.952017 Q2: $3.042017 Q3: $3.042017 Q4: $3.062018 Q1: $3.162018 Q2: $3.062018 Q3: $3.192018 Q4: $3.222019 Q1: $2.722019 Q2: $2.692019 Q3: $2.882019 Q4: $3.062020 Q1: $3.082020 Q2: $2.502020 Q4: $2.972021 Q1: $3.352021 Q2: $3.792021 Q3: $4.242021 Q4: $5.002022 Q1: $5.602022 Q2: $6.032022 Q3: $5.612022 Q4: $5.222023 Q1: $5.212023 Q2: $5.202023 Q3: $5.502023 Q4: $5.362024 Q1: $5.252024 Q2: $5.392024 Q3: $5.572024 Q4: $5.85

Forward P/E

6.7220.1533.582007 Q22012 Q42014 Q42016 Q32018 Q22020 Q12022 Q12023 Q42014 Q1: 10.572014 Q2: 10.012014 Q3: 8.802014 Q4: 9.202015 Q1: 10.352015 Q2: 10.622015 Q3: 9.472015 Q4: 8.872016 Q1: 10.652016 Q2: 9.102016 Q3: 9.292016 Q4: 10.392017 Q1: 10.332017 Q2: 10.782017 Q3: 10.542017 Q4: 10.452018 Q1: 10.742018 Q2: 10.782018 Q3: 11.752018 Q4: 8.572019 Q1: 12.592019 Q2: 16.692019 Q3: 18.372019 Q4: 17.852020 Q1: 13.222020 Q2: 22.882020 Q4: 21.862021 Q1: 22.752021 Q2: 25.982021 Q3: 31.732021 Q4: 25.572022 Q1: 20.732022 Q2: 16.052022 Q3: 17.012022 Q4: 15.442023 Q1: 16.642023 Q2: 17.382023 Q3: 20.512023 Q4: 22.342024 Q1: 24.022024 Q2: 22.782024 Q3: 27.832024 Q4: 29.35

Divergence watch ⚑

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

  • 2014 Q3 tone ↓ -4.5 fwd EPS ↑ +0.36 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -6.3 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↑ +2.9 fwd EPS ↓ -0.31 Tone rose while the forward EPS estimate was cut.
  • 2016 Q1 tone ↑ +7.2 fwd EPS ↓ -0.75 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↓ -2.5 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -3.2 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↑ +2.2 fwd EPS ↓ -0.50 Tone rose while the forward EPS estimate was cut.
  • 2019 Q4 tone ↓ -4.1 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +7.5 fwd EPS ↓ -0.59 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↓ -2.0 fwd EPS ↑ +0.44 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -7.4 fwd EPS ↑ +0.43 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +5.3 fwd EPS ↓ -0.42 Tone rose while the forward EPS estimate was cut.
  • 2022 Q4 tone ↑ +3.3 fwd EPS ↓ -0.39 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -4.1 fwd EPS ↑ +0.30 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +2.2 fwd EPS ↓ -0.14 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-17+7.6——View →
2024 Q42025-01-30+10.8$5.8529.4View →
2024 Q32024-10-17+10.6$5.5727.8View →
2024 Q22024-07-18+10.8$5.3922.8View →
2024 Q12024-04-18+8.6$5.2524.0View →
2023 Q42024-01-25+8.9$5.3622.3View →
2023 Q32023-10-19+6.6$5.5020.5View →
2023 Q22023-07-20+10.7$5.2017.4View →