Subtext

Carrier Global Corporation CARR

SectorIndustrials
Transcripts21
Date range2020-05-08 – 2025-05-01
Calls charted21

Sentiment timeline

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

-15-8+0+8+152020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: -1.52020 Q2 · Overall: +6.22020 Q3 · Overall: +11.02020 Q4 · Overall: +11.02021 Q1 · Overall: +12.52021 Q2 · Overall: +9.22021 Q3 · Overall: +8.22021 Q4 · Overall: +10.82022 Q1 · Overall: +8.52022 Q2 · Overall: +8.32022 Q3 · Overall: +11.42022 Q4 · Overall: +11.32023 Q1 · Overall: +12.72023 Q2 · Overall: +13.02023 Q3 · Overall: +10.02023 Q4 · Overall: +10.22024 Q1 · Overall: +6.52024 Q2 · Overall: +12.42024 Q3 · Overall: +7.82024 Q4 · Overall: +10.32025 Q1 · Overall: +13.1
Overall

CEO vs CFO

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

-27-13+0+13+272020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · CEO: +3.42020 Q2 · CEO: +14.62020 Q3 · CEO: +16.32020 Q4 · CEO: +16.72021 Q1 · CEO: +14.02021 Q2 · CEO: +15.12021 Q3 · CEO: +15.52021 Q4 · CEO: +16.42022 Q1 · CEO: +10.82022 Q2 · CEO: +10.02022 Q3 · CEO: +19.22022 Q4 · CEO: +17.42023 Q1 · CEO: +19.32023 Q2 · CEO: +14.32023 Q3 · CEO: +16.72023 Q4 · CEO: +15.72024 Q1 · CEO: +19.22024 Q2 · CEO: +23.12024 Q3 · CEO: +17.52024 Q4 · CEO: +16.12025 Q1 · CEO: +17.82020 Q1 · CFO: -7.82020 Q2 · CFO: +0.52020 Q3 · CFO: +5.42020 Q4 · CFO: +11.32021 Q1 · CFO: +16.02021 Q2 · CFO: +12.22021 Q3 · CFO: +6.42021 Q4 · CFO: +9.32022 Q1 · CFO: +17.42022 Q2 · CFO: +15.52022 Q3 · CFO: +9.52022 Q4 · CFO: +5.62023 Q1 · CFO: +7.62023 Q2 · CFO: +15.32023 Q3 · CFO: +6.62023 Q4 · CFO: +6.12024 Q1 · CFO: +12.12024 Q2 · CFO: +3.02024 Q3 · CFO: -0.72024 Q4 · CFO: +7.22025 Q1 · CFO: +8.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-74-37+0+37+742020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: -1.82020 Q2 · Prepared remarks: +12.52020 Q3 · Prepared remarks: +14.12020 Q4 · Prepared remarks: +16.72021 Q1 · Prepared remarks: +18.82021 Q2 · Prepared remarks: +16.92021 Q3 · Prepared remarks: +14.32021 Q4 · Prepared remarks: +16.12022 Q1 · Prepared remarks: +17.42022 Q2 · Prepared remarks: +18.72022 Q3 · Prepared remarks: +21.52022 Q4 · Prepared remarks: +16.62023 Q1 · Prepared remarks: +27.12023 Q2 · Prepared remarks: +17.42023 Q3 · Prepared remarks: +16.62023 Q4 · Prepared remarks: +18.42024 Q1 · Prepared remarks: +64.52024 Q2 · Prepared remarks: +15.72024 Q3 · Prepared remarks: +8.82024 Q4 · Prepared remarks: +14.42025 Q1 · Prepared remarks: +19.12020 Q1 · Q&A responses: -0.32020 Q2 · Q&A responses: +5.42020 Q3 · Q&A responses: +10.42020 Q4 · Q&A responses: +10.32021 Q1 · Q&A responses: +11.02021 Q2 · Q&A responses: +10.82021 Q3 · Q&A responses: +9.12021 Q4 · Q&A responses: +9.52022 Q1 · Q&A responses: +8.62022 Q2 · Q&A responses: +5.32022 Q3 · Q&A responses: +10.12022 Q4 · Q&A responses: +10.22023 Q1 · Q&A responses: +10.52023 Q2 · Q&A responses: +12.62023 Q3 · Q&A responses: +11.52023 Q4 · Q&A responses: +7.72024 Q1 · Q&A responses: +13.52024 Q2 · Q&A responses: +15.82024 Q3 · Q&A responses: +10.62024 Q4 · Q&A responses: +12.82025 Q1 · Q&A responses: +12.9
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

$1.36$2.25$3.152020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q2: $1.482020 Q3: $1.672020 Q4: $1.902021 Q1: $2.002021 Q2: $2.192021 Q3: $2.392021 Q4: $2.362022 Q1: $2.352022 Q2: $2.432022 Q3: $2.492022 Q4: $2.542023 Q1: $2.642023 Q2: $2.692023 Q3: $2.802023 Q4: $2.872024 Q1: $2.882024 Q2: $2.962024 Q3: $3.03

Forward P/E

13.4420.0926.752020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q2: 14.362020 Q3: 18.092020 Q4: 20.002021 Q1: 19.722021 Q2: 21.372021 Q3: 23.312021 Q4: 22.692022 Q1: 19.952022 Q2: 15.132022 Q3: 16.152022 Q4: 17.242023 Q1: 16.422023 Q2: 17.192023 Q3: 19.712023 Q4: 19.442024 Q1: 20.062024 Q2: 22.242024 Q3: 25.83

Divergence watch ⚑

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

  • 2021 Q2 tone ↓ -3.3 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↑ +2.7 fwd EPS ↓ -0.03 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -3.0 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -4.6 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+13.1——View →
2024 Q42025-02-11+10.3——View →
2024 Q32024-10-24+7.8$3.0325.8View →
2024 Q22024-07-25+12.4$2.9622.2View →
2024 Q12024-04-25+6.5$2.8820.1View →
2023 Q42024-02-06+10.2$2.8719.4View →
2023 Q32023-10-26+10.0$2.8019.7View →
2023 Q22023-07-27+13.0$2.6917.2View →