Subtext

Crown Castle Inc. CCI

SectorReal Estate
Transcripts71
Date range2007-08-01 – 2025-04-30
Calls charted71

Sentiment timeline

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

-15-7+0+7+152007 Q22009 Q32012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · Overall: +4.72007 Q3 · Overall: +2.82007 Q4 · Overall: +2.32008 Q1 · Overall: +3.82008 Q2 · Overall: +1.72008 Q3 · Overall: +1.02008 Q4 · Overall: +3.32009 Q1 · Overall: +1.92009 Q2 · Overall: +7.52009 Q3 · Overall: +5.22009 Q4 · Overall: +8.92010 Q2 · Overall: +9.92010 Q3 · Overall: +7.02010 Q4 · Overall: +7.82011 Q1 · Overall: +3.22011 Q2 · Overall: +1.92011 Q3 · Overall: +4.52011 Q4 · Overall: +6.02012 Q1 · Overall: +5.52012 Q2 · Overall: +6.92012 Q3 · Overall: +4.62012 Q4 · Overall: +4.72013 Q1 · Overall: +4.52013 Q2 · Overall: +3.92013 Q3 · Overall: +3.62013 Q4 · Overall: +7.62014 Q1 · Overall: +6.62014 Q2 · Overall: +4.62014 Q3 · Overall: +4.42014 Q4 · Overall: +4.32015 Q1 · Overall: +8.32015 Q2 · Overall: +9.02015 Q3 · Overall: +5.62015 Q4 · Overall: +12.92016 Q1 · Overall: +4.92016 Q2 · Overall: +5.72016 Q3 · Overall: +3.52016 Q4 · Overall: +9.62017 Q1 · Overall: +5.22017 Q2 · Overall: +7.02017 Q3 · Overall: +3.62017 Q4 · Overall: +6.82018 Q1 · Overall: +5.22018 Q2 · Overall: +9.22018 Q3 · Overall: +3.82018 Q4 · Overall: +4.32019 Q1 · Overall: +3.42019 Q2 · Overall: +5.62019 Q3 · Overall: +5.52019 Q4 · Overall: +1.72020 Q1 · Overall: +5.22020 Q2 · Overall: +4.22020 Q3 · Overall: +7.32020 Q4 · Overall: -1.82021 Q1 · Overall: +10.82021 Q2 · Overall: +3.32021 Q3 · Overall: +5.42021 Q4 · Overall: +5.52022 Q1 · Overall: +8.62022 Q2 · Overall: +6.22022 Q3 · Overall: +0.92022 Q4 · Overall: +8.72023 Q1 · Overall: +4.52023 Q2 · Overall: +1.32023 Q3 · Overall: +8.32023 Q4 · Overall: +8.02024 Q1 · Overall: +9.72024 Q2 · Overall: +10.12024 Q3 · Overall: +10.32024 Q4 · Overall: +10.92025 Q1 · Overall: +10.7
Overall

CEO vs CFO

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

-32-16+0+16+322007 Q22009 Q32012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · CEO: +7.82007 Q3 · CEO: +5.42007 Q4 · CEO: +5.22008 Q1 · CEO: +6.22008 Q2 · CEO: +2.22008 Q3 · CEO: +4.72008 Q4 · CEO: +8.92009 Q1 · CEO: +4.72009 Q2 · CEO: +13.82009 Q3 · CEO: +8.52009 Q4 · CEO: +10.72010 Q2 · CEO: +12.22010 Q3 · CEO: +9.22010 Q4 · CEO: +13.92011 Q1 · CEO: +8.72011 Q2 · CEO: +11.52011 Q3 · CEO: +12.72011 Q4 · CEO: +8.52012 Q1 · CEO: +11.42012 Q2 · CEO: +15.12012 Q3 · CEO: +11.92012 Q4 · CEO: +9.42013 Q1 · CEO: +9.12013 Q2 · CEO: +9.02013 Q3 · CEO: +9.12013 Q4 · CEO: +15.72014 Q1 · CEO: +10.92014 Q2 · CEO: +10.82014 Q3 · CEO: +6.72014 Q4 · CEO: +9.12015 Q1 · CEO: +12.62015 Q2 · CEO: +10.82015 Q3 · CEO: +12.02015 Q4 · CEO: +12.92016 Q1 · CEO: +7.12016 Q2 · CEO: +6.72016 Q3 · CEO: +4.12016 Q4 · CEO: +13.02017 Q1 · CEO: +9.82017 Q2 · CEO: +9.82017 Q3 · CEO: +8.22017 Q4 · CEO: +8.82018 Q1 · CEO: +7.12018 Q2 · CEO: +13.22018 Q3 · CEO: +7.12018 Q4 · CEO: +8.52019 Q1 · CEO: +5.62019 Q2 · CEO: +7.32019 Q3 · CEO: +9.12019 Q4 · CEO: +8.32020 Q1 · CEO: +8.42020 Q2 · CEO: +6.82020 Q3 · CEO: +11.12020 Q4 · CEO: +0.42021 Q1 · CEO: +11.92021 Q2 · CEO: +4.12021 Q3 · CEO: +7.82021 Q4 · CEO: +9.92022 Q1 · CEO: +11.32022 Q2 · CEO: +8.92022 Q3 · CEO: +4.52022 Q4 · CEO: +13.12023 Q1 · CEO: +11.62023 Q2 · CEO: +4.52023 Q3 · CEO: +13.02023 Q4 · CEO: +28.12024 Q1 · CEO: +17.72024 Q2 · CEO: +22.92024 Q3 · CEO: +22.02024 Q4 · CEO: +16.42025 Q1 · CEO: +17.32007 Q2 · CFO: +4.82007 Q3 · CFO: +3.52007 Q4 · CFO: +2.22008 Q1 · CFO: +6.42008 Q2 · CFO: +6.32008 Q3 · CFO: +2.12008 Q4 · CFO: +2.52009 Q1 · CFO: +3.52009 Q2 · CFO: +9.22009 Q3 · CFO: +8.62009 Q4 · CFO: +14.52010 Q2 · CFO: +9.52010 Q3 · CFO: +8.82010 Q4 · CFO: +8.02011 Q1 · CFO: +2.92011 Q2 · CFO: -0.32011 Q3 · CFO: +6.22011 Q4 · CFO: +9.72012 Q1 · CFO: +6.12012 Q2 · CFO: +7.82012 Q3 · CFO: +5.02012 Q4 · CFO: +7.82013 Q1 · CFO: +7.02013 Q2 · CFO: +5.32013 Q3 · CFO: +3.72013 Q4 · CFO: +5.72014 Q1 · CFO: +4.32014 Q2 · CFO: +2.02014 Q3 · CFO: +5.92014 Q4 · CFO: +4.82015 Q1 · CFO: +6.52015 Q2 · CFO: +10.62015 Q3 · CFO: +1.12015 Q4 · CFO: +18.22016 Q1 · CFO: +7.62016 Q3 · CFO: +10.32016 Q4 · CFO: +10.42017 Q1 · CFO: +8.82017 Q2 · CFO: +5.22017 Q3 · CFO: +2.92017 Q4 · CFO: +8.72018 Q1 · CFO: +6.22018 Q2 · CFO: +14.32018 Q3 · CFO: +7.02018 Q4 · CFO: +7.52019 Q1 · CFO: +7.02019 Q2 · CFO: +11.12019 Q3 · CFO: +3.12019 Q4 · CFO: -7.12020 Q1 · CFO: +8.52020 Q2 · CFO: +1.92020 Q3 · CFO: +3.22020 Q4 · CFO: +0.02021 Q1 · CFO: +9.82021 Q2 · CFO: +9.52021 Q3 · CFO: +5.92021 Q4 · CFO: +6.02022 Q1 · CFO: +9.72022 Q2 · CFO: +4.82022 Q3 · CFO: +2.32022 Q4 · CFO: +4.02023 Q1 · CFO: +3.32023 Q2 · CFO: -3.42023 Q3 · CFO: +0.62023 Q4 · CFO: +1.72024 Q1 · CFO: +4.72024 Q2 · CFO: +5.72024 Q3 · CFO: +1.02024 Q4 · CFO: +1.72025 Q1 · CFO: +5.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-33-17+0+17+332007 Q22009 Q32012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · Prepared remarks: +11.32007 Q3 · Prepared remarks: +9.12007 Q4 · Prepared remarks: +6.62008 Q1 · Prepared remarks: +13.02008 Q2 · Prepared remarks: +11.42008 Q3 · Prepared remarks: +4.82008 Q4 · Prepared remarks: +7.02009 Q1 · Prepared remarks: +6.72009 Q2 · Prepared remarks: +15.92009 Q3 · Prepared remarks: +16.22009 Q4 · Prepared remarks: +17.22010 Q2 · Prepared remarks: +16.92010 Q3 · Prepared remarks: +10.62010 Q4 · Prepared remarks: +20.02011 Q1 · Prepared remarks: +12.82011 Q2 · Prepared remarks: +13.62011 Q3 · Prepared remarks: +15.52011 Q4 · Prepared remarks: +12.92012 Q1 · Prepared remarks: +15.42012 Q2 · Prepared remarks: +22.42012 Q3 · Prepared remarks: +13.92012 Q4 · Prepared remarks: +14.42013 Q1 · Prepared remarks: +13.42013 Q2 · Prepared remarks: +8.82013 Q3 · Prepared remarks: +12.02013 Q4 · Prepared remarks: +15.22014 Q1 · Prepared remarks: +12.12014 Q2 · Prepared remarks: +4.72014 Q3 · Prepared remarks: +8.32014 Q4 · Prepared remarks: +13.32015 Q1 · Prepared remarks: +16.82015 Q2 · Prepared remarks: +11.02015 Q3 · Prepared remarks: +16.02015 Q4 · Prepared remarks: +23.12016 Q1 · Prepared remarks: +4.82016 Q2 · Prepared remarks: +24.02016 Q3 · Prepared remarks: +16.42016 Q4 · Prepared remarks: +9.72017 Q1 · Prepared remarks: +15.62017 Q2 · Prepared remarks: +7.22017 Q3 · Prepared remarks: +8.82017 Q4 · Prepared remarks: +9.82018 Q1 · Prepared remarks: +5.82018 Q2 · Prepared remarks: +18.72018 Q3 · Prepared remarks: +15.82018 Q4 · Prepared remarks: +13.72019 Q1 · Prepared remarks: +21.92019 Q2 · Prepared remarks: +11.02019 Q3 · Prepared remarks: +12.52019 Q4 · Prepared remarks: +5.32020 Q1 · Prepared remarks: +8.42020 Q2 · Prepared remarks: +7.52020 Q3 · Prepared remarks: +9.62020 Q4 · Prepared remarks: +29.02021 Q1 · Prepared remarks: +16.32021 Q2 · Prepared remarks: +12.42021 Q3 · Prepared remarks: +5.82021 Q4 · Prepared remarks: +16.52022 Q1 · Prepared remarks: +20.32022 Q2 · Prepared remarks: +13.72022 Q3 · Prepared remarks: +9.42022 Q4 · Prepared remarks: +17.22023 Q1 · Prepared remarks: +8.52023 Q2 · Prepared remarks: +8.12023 Q3 · Prepared remarks: +10.52023 Q4 · Prepared remarks: +16.02024 Q1 · Prepared remarks: +21.92024 Q2 · Prepared remarks: +13.72024 Q3 · Prepared remarks: +18.22024 Q4 · Prepared remarks: +13.32025 Q1 · Prepared remarks: +22.22007 Q2 · Q&A responses: +4.82007 Q3 · Q&A responses: +0.62007 Q4 · Q&A responses: +1.42008 Q1 · Q&A responses: +1.62008 Q2 · Q&A responses: +0.02008 Q3 · Q&A responses: +0.32008 Q4 · Q&A responses: +4.72009 Q1 · Q&A responses: +0.72009 Q2 · Q&A responses: +6.02009 Q3 · Q&A responses: +2.92009 Q4 · Q&A responses: +8.42010 Q2 · Q&A responses: +7.92010 Q3 · Q&A responses: +7.32010 Q4 · Q&A responses: +5.42011 Q1 · Q&A responses: +3.32011 Q2 · Q&A responses: +0.02011 Q3 · Q&A responses: +1.62011 Q4 · Q&A responses: +4.02012 Q1 · Q&A responses: +2.52012 Q2 · Q&A responses: +6.62012 Q3 · Q&A responses: +2.12012 Q4 · Q&A responses: +4.72013 Q1 · Q&A responses: +3.22013 Q2 · Q&A responses: +3.72013 Q3 · Q&A responses: +0.92013 Q4 · Q&A responses: +5.22014 Q1 · Q&A responses: +4.02014 Q2 · Q&A responses: +8.52014 Q3 · Q&A responses: +2.82014 Q4 · Q&A responses: +5.02015 Q1 · Q&A responses: +6.32015 Q2 · Q&A responses: +8.72015 Q3 · Q&A responses: +2.52015 Q4 · Q&A responses: +8.02016 Q1 · Q&A responses: +13.22016 Q2 · Q&A responses: +0.92016 Q3 · Q&A responses: +1.02017 Q1 · Q&A responses: +7.92017 Q3 · Q&A responses: +5.12017 Q4 · Q&A responses: +5.52018 Q1 · Q&A responses: -6.92018 Q2 · Q&A responses: +12.12018 Q3 · Q&A responses: +4.22018 Q4 · Q&A responses: +5.72019 Q1 · Q&A responses: +1.52019 Q2 · Q&A responses: +6.92019 Q3 · Q&A responses: +6.32019 Q4 · Q&A responses: +3.32020 Q1 · Q&A responses: +8.32020 Q2 · Q&A responses: +3.42020 Q3 · Q&A responses: +8.72020 Q4 · Q&A responses: -3.52021 Q1 · Q&A responses: +10.92021 Q2 · Q&A responses: -0.72021 Q3 · Q&A responses: +5.92021 Q4 · Q&A responses: +3.42022 Q1 · Q&A responses: +6.32022 Q2 · Q&A responses: +4.02022 Q3 · Q&A responses: -2.62022 Q4 · Q&A responses: +9.42023 Q1 · Q&A responses: +8.52023 Q2 · Q&A responses: +0.92023 Q3 · Q&A responses: +9.72023 Q4 · Q&A responses: +7.92024 Q1 · Q&A responses: +6.42024 Q2 · Q&A responses: +14.92024 Q3 · Q&A responses: +9.62024 Q4 · Q&A responses: +11.02025 Q1 · Q&A responses: +11.4
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

$0.98$2.62$4.272007 Q22009 Q32012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $1.282014 Q2: $1.252014 Q3: $1.362014 Q4: $1.342015 Q1: $1.462015 Q2: $1.402015 Q3: $1.942015 Q4: $1.302016 Q1: $1.292016 Q2: $1.242016 Q3: $1.312016 Q4: $1.272017 Q1: $1.252017 Q2: $1.352017 Q3: $1.332017 Q4: $1.212018 Q1: $1.262018 Q2: $1.452018 Q3: $1.602018 Q4: $1.632019 Q1: $1.742019 Q2: $1.802019 Q3: $2.062019 Q4: $2.422020 Q1: $2.352020 Q2: $2.462020 Q3: $2.542020 Q4: $2.352021 Q1: $2.472021 Q2: $2.822021 Q3: $3.062021 Q4: $3.312022 Q1: $3.952022 Q2: $4.042022 Q3: $3.932022 Q4: $3.782023 Q1: $3.742023 Q2: $3.632023 Q3: $3.312023 Q4: $2.892024 Q1: $2.832024 Q2: $2.722024 Q3: $2.79

Forward P/E

24.4860.7697.042007 Q22009 Q32012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 57.332014 Q2: 58.642014 Q3: 58.512014 Q4: 56.052015 Q1: 59.412015 Q2: 59.212015 Q3: 40.332015 Q4: 66.132016 Q1: 66.032016 Q2: 75.772016 Q3: 69.502016 Q4: 67.882017 Q1: 72.222017 Q2: 75.492017 Q3: 78.762017 Q4: 92.042018 Q1: 89.132018 Q2: 69.942018 Q3: 69.892018 Q4: 67.642019 Q1: 72.052019 Q2: 75.902019 Q3: 68.232019 Q4: 56.692020 Q1: 58.922020 Q2: 68.742020 Q3: 65.552020 Q4: 65.582021 Q1: 66.722021 Q2: 68.782021 Q3: 61.602021 Q4: 59.522022 Q1: 43.872022 Q2: 39.672022 Q3: 42.392022 Q4: 36.372023 Q1: 35.502023 Q2: 31.522023 Q3: 29.482023 Q4: 40.402024 Q1: 38.942024 Q2: 35.052024 Q3: 42.25

Divergence watch ⚑

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

  • 2015 Q3 tone ↓ -3.4 fwd EPS ↑ +0.55 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↑ +7.3 fwd EPS ↓ -0.64 Tone rose while the forward EPS estimate was cut.
  • 2016 Q3 tone ↓ -2.2 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↑ +6.2 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2017 Q4 tone ↑ +3.2 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.
  • 2018 Q3 tone ↓ -5.4 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -3.7 fwd EPS ↑ +0.36 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↑ +3.5 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↓ -7.6 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -2.4 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +7.8 fwd EPS ↓ -0.15 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↑ +6.9 fwd EPS ↓ -0.32 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-30+10.7——View →
2024 Q42025-03-13+10.9——View →
2024 Q32024-10-16+10.3$2.7942.2View →
2024 Q22024-07-17+10.1$2.7235.0View →
2024 Q12024-04-17+9.7$2.8338.9View →
2023 Q42024-01-25+8.0$2.8940.4View →
2023 Q32023-10-19+8.3$3.3129.5View →
2023 Q22023-07-20+1.3$3.6331.5View →