Subtext

Cardinal Health, Inc. CAH

SectorHealth Care
Transcripts72
Date range2007-08-09 – 2025-05-01
Calls charted72

Sentiment timeline

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

-20-10+0+10+202007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q4 · Overall: +7.42008 Q1 · Overall: +7.82008 Q2 · Overall: +4.52008 Q3 · Overall: -0.52008 Q4 · Overall: +3.92009 Q1 · Overall: +4.72009 Q2 · Overall: +9.02009 Q3 · Overall: -0.32009 Q4 · Overall: +8.02010 Q1 · Overall: +8.02010 Q2 · Overall: +12.22010 Q3 · Overall: +4.02010 Q4 · Overall: +9.02011 Q1 · Overall: +15.42011 Q2 · Overall: +10.52011 Q3 · Overall: +5.22011 Q4 · Overall: +7.92012 Q1 · Overall: +7.82012 Q2 · Overall: +10.02012 Q3 · Overall: +2.22012 Q4 · Overall: +6.82013 Q1 · Overall: +8.32013 Q2 · Overall: +7.32013 Q3 · Overall: +6.22013 Q4 · Overall: +11.22014 Q1 · Overall: +8.62014 Q2 · Overall: +12.42014 Q3 · Overall: +9.12014 Q4 · Overall: +11.12015 Q1 · Overall: +11.12015 Q2 · Overall: +8.62015 Q3 · Overall: +7.32015 Q4 · Overall: +12.12016 Q1 · Overall: +11.52016 Q2 · Overall: +8.72016 Q3 · Overall: +7.22016 Q4 · Overall: +8.02017 Q1 · Overall: +7.32017 Q2 · Overall: +6.72017 Q3 · Overall: +6.62017 Q4 · Overall: +7.02018 Q1 · Overall: +7.92018 Q2 · Overall: +9.82018 Q3 · Overall: +6.22018 Q4 · Overall: +6.92019 Q1 · Overall: +7.82019 Q2 · Overall: +9.32019 Q3 · Overall: +7.32019 Q4 · Overall: +6.92020 Q1 · Overall: +3.92020 Q2 · Overall: +3.52020 Q3 · Overall: +1.62020 Q4 · Overall: +5.82021 Q1 · Overall: +9.12021 Q2 · Overall: +8.22021 Q3 · Overall: +6.22021 Q4 · Overall: +6.72022 Q1 · Overall: +5.32022 Q2 · Overall: +5.32022 Q3 · Overall: +9.82022 Q4 · Overall: +7.72023 Q1 · Overall: +9.22023 Q2 · Overall: +12.62023 Q3 · Overall: +17.42023 Q4 · Overall: +14.62024 Q1 · Overall: +13.92024 Q2 · Overall: +15.82024 Q3 · Overall: +15.22024 Q4 · Overall: +12.52025 Q1 · Overall: +11.42025 Q2 · Overall: +11.22025 Q3 · Overall: +10.4
Overall

CEO vs CFO

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

-34-17+0+17+342007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q4 · CEO: +14.92008 Q1 · CEO: +13.22008 Q2 · CEO: +14.72008 Q3 · CEO: -2.42008 Q4 · CEO: +6.52009 Q1 · CEO: +28.12009 Q2 · CEO: +14.92009 Q3 · CEO: +6.22009 Q4 · CEO: +15.92010 Q1 · CEO: +17.72010 Q2 · CEO: +19.12010 Q3 · CEO: +12.32010 Q4 · CEO: +18.02011 Q1 · CEO: +17.52011 Q2 · CEO: +16.72011 Q3 · CEO: +12.92011 Q4 · CEO: +13.52012 Q1 · CEO: +13.52012 Q2 · CEO: +24.52012 Q3 · CEO: +6.32012 Q4 · CEO: +16.62013 Q1 · CEO: +12.02013 Q2 · CEO: +14.02013 Q3 · CEO: +11.22013 Q4 · CEO: +22.32014 Q1 · CEO: +12.02014 Q2 · CEO: +15.22014 Q3 · CEO: +13.62014 Q4 · CEO: +15.52015 Q1 · CEO: +17.82015 Q2 · CEO: +16.72015 Q3 · CEO: +11.92015 Q4 · CEO: +20.82016 Q1 · CEO: +17.42016 Q2 · CEO: +14.72016 Q3 · CEO: +12.12016 Q4 · CEO: +17.92017 Q1 · CEO: +10.32017 Q2 · CEO: +10.82017 Q4 · CEO: +13.12018 Q1 · CEO: +8.82018 Q2 · CEO: +15.62018 Q4 · CEO: +11.02019 Q1 · CEO: +13.22019 Q2 · CEO: +18.02019 Q3 · CEO: +14.62019 Q4 · CEO: +11.42020 Q1 · CEO: +15.62020 Q2 · CEO: +5.32020 Q3 · CEO: +5.92021 Q1 · CEO: +10.52021 Q2 · CEO: +14.42021 Q3 · CEO: +15.42021 Q4 · CEO: +11.12022 Q1 · CEO: +13.02022 Q2 · CEO: +13.52022 Q3 · CEO: +17.62023 Q1 · CEO: +14.12023 Q2 · CEO: +15.52023 Q3 · CEO: +20.62023 Q4 · CEO: +19.72024 Q1 · CEO: +18.12024 Q2 · CEO: +22.72024 Q3 · CEO: +23.92024 Q4 · CEO: +16.72025 Q1 · CEO: +19.02025 Q2 · CEO: +19.22025 Q3 · CEO: +16.72007 Q4 · CFO: +6.92008 Q1 · CFO: +10.22008 Q3 · CFO: -1.32008 Q4 · CFO: -2.72009 Q1 · CFO: +4.72009 Q2 · CFO: +5.92009 Q3 · CFO: -5.02009 Q4 · CFO: +7.22010 Q1 · CFO: +2.32010 Q2 · CFO: +8.72010 Q3 · CFO: +1.22010 Q4 · CFO: +6.32011 Q2 · CFO: +9.72011 Q3 · CFO: +3.02011 Q4 · CFO: +8.82012 Q1 · CFO: +8.12012 Q2 · CFO: +6.22012 Q3 · CFO: +2.02012 Q4 · CFO: +5.12013 Q1 · CFO: +9.32013 Q2 · CFO: +8.62013 Q3 · CFO: +6.82013 Q4 · CFO: +6.72014 Q1 · CFO: +11.92014 Q2 · CFO: +12.92014 Q3 · CFO: +10.12014 Q4 · CFO: +13.52015 Q1 · CFO: +10.02015 Q2 · CFO: +5.52015 Q3 · CFO: +7.02015 Q4 · CFO: +9.82016 Q1 · CFO: +14.22016 Q2 · CFO: +11.92016 Q3 · CFO: +3.92016 Q4 · CFO: +7.02017 Q1 · CFO: +8.62017 Q2 · CFO: +6.22017 Q3 · CFO: +9.62018 Q3 · CFO: +11.12018 Q4 · CFO: +8.42019 Q2 · CFO: +13.42019 Q3 · CFO: +9.32019 Q4 · CFO: +15.72020 Q1 · CFO: +1.92020 Q2 · CFO: +11.72020 Q3 · CFO: +4.42020 Q4 · CFO: +6.52021 Q1 · CFO: +12.32021 Q2 · CFO: +9.72021 Q3 · CFO: +7.12021 Q4 · CFO: +8.32022 Q1 · CFO: +2.82022 Q2 · CFO: +1.32022 Q3 · CFO: +1.22022 Q4 · CFO: +8.22023 Q1 · CFO: +7.32023 Q2 · CFO: +19.62023 Q3 · CFO: +29.42023 Q4 · CFO: +15.72024 Q1 · CFO: +20.22024 Q2 · CFO: +18.02024 Q3 · CFO: +17.02024 Q4 · CFO: +18.52025 Q1 · CFO: +14.02025 Q2 · CFO: +12.92025 Q3 · CFO: +17.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-33-16+0+16+332007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q4 · Prepared remarks: +9.92008 Q1 · Prepared remarks: +12.82008 Q2 · Prepared remarks: +7.52008 Q3 · Prepared remarks: +5.62008 Q4 · Prepared remarks: +8.12009 Q1 · Prepared remarks: +12.42009 Q2 · Prepared remarks: +16.32009 Q3 · Prepared remarks: +4.32009 Q4 · Prepared remarks: +14.22010 Q1 · Prepared remarks: +10.32010 Q2 · Prepared remarks: +15.62010 Q3 · Prepared remarks: +8.82010 Q4 · Prepared remarks: +13.42011 Q1 · Prepared remarks: +15.42011 Q2 · Prepared remarks: +14.12011 Q3 · Prepared remarks: +12.12011 Q4 · Prepared remarks: +12.72012 Q1 · Prepared remarks: +14.52012 Q2 · Prepared remarks: +17.12012 Q3 · Prepared remarks: +10.72012 Q4 · Prepared remarks: +16.82013 Q1 · Prepared remarks: +9.32013 Q2 · Prepared remarks: +10.42013 Q3 · Prepared remarks: +8.02013 Q4 · Prepared remarks: +13.52014 Q1 · Prepared remarks: +17.52014 Q2 · Prepared remarks: +13.32014 Q3 · Prepared remarks: +14.72014 Q4 · Prepared remarks: +15.52015 Q1 · Prepared remarks: +15.02015 Q2 · Prepared remarks: +14.82015 Q3 · Prepared remarks: +8.12015 Q4 · Prepared remarks: +16.22016 Q1 · Prepared remarks: +16.82016 Q2 · Prepared remarks: +12.62016 Q3 · Prepared remarks: +3.02016 Q4 · Prepared remarks: +11.12017 Q1 · Prepared remarks: +13.12017 Q2 · Prepared remarks: +10.32017 Q3 · Prepared remarks: +7.62017 Q4 · Prepared remarks: +7.72018 Q1 · Prepared remarks: +5.62018 Q2 · Prepared remarks: +15.52018 Q3 · Prepared remarks: +13.72018 Q4 · Prepared remarks: +16.62019 Q1 · Prepared remarks: +8.12019 Q2 · Prepared remarks: +19.52019 Q3 · Prepared remarks: +21.82019 Q4 · Prepared remarks: +14.62020 Q1 · Prepared remarks: +20.92020 Q2 · Prepared remarks: +5.72020 Q3 · Prepared remarks: +8.62020 Q4 · Prepared remarks: +6.52021 Q1 · Prepared remarks: +17.22021 Q2 · Prepared remarks: +17.42021 Q3 · Prepared remarks: +18.12021 Q4 · Prepared remarks: +15.12022 Q1 · Prepared remarks: +13.42022 Q2 · Prepared remarks: +9.92022 Q3 · Prepared remarks: +14.72022 Q4 · Prepared remarks: +9.42023 Q1 · Prepared remarks: +19.52023 Q2 · Prepared remarks: +24.32023 Q3 · Prepared remarks: +28.42023 Q4 · Prepared remarks: +25.22024 Q1 · Prepared remarks: +25.12024 Q2 · Prepared remarks: +26.72024 Q3 · Prepared remarks: +27.62024 Q4 · Prepared remarks: +24.32025 Q1 · Prepared remarks: +20.92025 Q2 · Prepared remarks: +25.12025 Q3 · Prepared remarks: +23.62007 Q4 · Q&A responses: +5.32008 Q1 · Q&A responses: +5.52008 Q2 · Q&A responses: +6.92008 Q3 · Q&A responses: -5.02008 Q4 · Q&A responses: +2.32009 Q1 · Q&A responses: -0.32009 Q2 · Q&A responses: +1.22009 Q3 · Q&A responses: -2.32009 Q4 · Q&A responses: +1.82010 Q1 · Q&A responses: +6.22010 Q2 · Q&A responses: +13.12010 Q3 · Q&A responses: +3.32010 Q4 · Q&A responses: +10.42011 Q2 · Q&A responses: +11.82011 Q3 · Q&A responses: +2.52011 Q4 · Q&A responses: +8.82012 Q1 · Q&A responses: +5.32012 Q2 · Q&A responses: +8.02012 Q3 · Q&A responses: -3.12012 Q4 · Q&A responses: +2.32013 Q1 · Q&A responses: +10.42013 Q2 · Q&A responses: +9.72013 Q3 · Q&A responses: +8.52013 Q4 · Q&A responses: +13.82014 Q1 · Q&A responses: +5.42014 Q2 · Q&A responses: +13.22014 Q3 · Q&A responses: +7.42014 Q4 · Q&A responses: +13.22015 Q1 · Q&A responses: +11.42015 Q2 · Q&A responses: +7.12015 Q3 · Q&A responses: -8.72015 Q4 · Q&A responses: +11.12016 Q1 · Q&A responses: +11.52016 Q2 · Q&A responses: +11.32016 Q3 · Q&A responses: +11.22016 Q4 · Q&A responses: +8.52017 Q1 · Q&A responses: +5.92017 Q2 · Q&A responses: +7.32017 Q3 · Q&A responses: +9.62017 Q4 · Q&A responses: +8.52018 Q1 · Q&A responses: +12.02018 Q2 · Q&A responses: +7.32018 Q3 · Q&A responses: +3.52018 Q4 · Q&A responses: +4.82019 Q1 · Q&A responses: +0.02019 Q2 · Q&A responses: +9.62019 Q3 · Q&A responses: +3.62019 Q4 · Q&A responses: +6.72020 Q1 · Q&A responses: -0.52020 Q2 · Q&A responses: +5.22020 Q3 · Q&A responses: +0.82020 Q4 · Q&A responses: +2.82021 Q1 · Q&A responses: +3.62021 Q2 · Q&A responses: +7.32021 Q3 · Q&A responses: +3.62021 Q4 · Q&A responses: +2.12022 Q1 · Q&A responses: +2.72022 Q2 · Q&A responses: +5.42022 Q3 · Q&A responses: +7.32022 Q4 · Q&A responses: +8.12023 Q1 · Q&A responses: +4.52023 Q2 · Q&A responses: +9.22023 Q3 · Q&A responses: +16.52023 Q4 · Q&A responses: +9.02024 Q1 · Q&A responses: +13.02024 Q2 · Q&A responses: +10.12024 Q3 · Q&A responses: +9.02024 Q4 · Q&A responses: +7.02025 Q1 · Q&A responses: +8.62025 Q2 · Q&A responses: +5.72025 Q3 · Q&A responses: +4.1
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

$3.85$6.22$8.602007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: $4.182014 Q2: $4.262014 Q3: $4.382014 Q4: $4.532015 Q1: $4.762015 Q2: $4.942015 Q3: $5.182015 Q4: $5.652016 Q1: $5.792016 Q2: $5.722016 Q3: $5.792016 Q4: $5.752017 Q1: $5.782017 Q2: $5.262017 Q3: $5.112017 Q4: $5.232018 Q1: $5.932018 Q2: $5.252018 Q3: $5.142018 Q4: $5.172019 Q1: $5.322019 Q2: $5.172019 Q3: $5.072019 Q4: $5.162020 Q1: $5.512020 Q2: $5.532020 Q3: $5.592020 Q4: $6.012021 Q1: $6.172021 Q2: $6.162021 Q3: $5.892021 Q4: $5.962022 Q1: $5.752022 Q2: $5.432022 Q3: $5.522022 Q4: $5.802023 Q1: $6.042023 Q2: $6.592023 Q3: $6.952023 Q4: $7.342024 Q1: $7.832024 Q2: $7.532024 Q3: $7.832024 Q4: $8.27

Forward P/E

7.4013.6119.832007 Q42010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: 17.272014 Q2: 16.142014 Q3: 17.132014 Q4: 17.802015 Q1: 18.972015 Q2: 18.222015 Q3: 16.462015 Q4: 15.612016 Q1: 14.012016 Q2: 13.412016 Q3: 13.012016 Q4: 12.602017 Q1: 14.502017 Q2: 14.372017 Q3: 13.572017 Q4: 11.582018 Q1: 12.142018 Q2: 10.322018 Q3: 10.502018 Q4: 8.922019 Q1: 9.532019 Q2: 8.712019 Q3: 9.452019 Q4: 9.902020 Q1: 8.292020 Q2: 9.702020 Q3: 8.442020 Q4: 9.022021 Q1: 9.392021 Q2: 9.332021 Q3: 9.002021 Q4: 8.262022 Q1: 9.352022 Q2: 9.402022 Q3: 12.092022 Q4: 13.542023 Q1: 11.552023 Q2: 13.202023 Q3: 12.662023 Q4: 14.712024 Q1: 14.182024 Q2: 13.822024 Q3: 14.222024 Q4: 14.02

Divergence watch ⚑

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

  • 2014 Q3 tone ↓ -3.4 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -2.5 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -3.0 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↓ -2.1 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -2.8 fwd EPS ↑ +0.40 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↓ -2.7 fwd EPS ↑ +0.44 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-05-01+10.4——View →
2025 Q22025-01-30+11.2——View →
2025 Q12024-11-01+11.4——View →
2024 Q42024-08-14+12.5$8.2714.0View →
2024 Q32024-05-02+15.2$7.8314.2View →
2024 Q22024-02-01+15.8$7.5313.8View →
2024 Q12023-11-03+13.9$7.8314.2View →
2023 Q42023-08-15+14.6$7.3414.7View →