Subtext

Constellation Energy Corporation CEG

SectorUtilities
Transcripts12
Date range2022-05-12 – 2025-05-06
Calls charted12

Sentiment timeline

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

-16-8+0+8+162022 Q12022 Q32023 Q12023 Q32024 Q12024 Q32022 Q1 · Overall: +9.42022 Q2 · Overall: +3.82022 Q3 · Overall: +10.92022 Q4 · Overall: +11.42023 Q1 · Overall: +12.62023 Q2 · Overall: +8.72023 Q3 · Overall: +10.52023 Q4 · Overall: +11.52024 Q1 · Overall: +13.72024 Q2 · Overall: +5.72024 Q3 · Overall: +4.72025 Q1 · Overall: +2.6
Overall

CEO vs CFO

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

-26-13+0+13+262022 Q12022 Q32023 Q12023 Q32024 Q12024 Q32022 Q1 · CEO: +9.62022 Q2 · CEO: +3.82022 Q3 · CEO: +13.02022 Q4 · CEO: +13.82023 Q1 · CEO: +14.02023 Q2 · CEO: +11.22023 Q3 · CEO: +13.52023 Q4 · CEO: +10.82024 Q1 · CEO: +19.12024 Q2 · CEO: +7.52024 Q3 · CEO: +7.42025 Q1 · CEO: +5.32022 Q1 · CFO: +9.92022 Q2 · CFO: +10.92022 Q3 · CFO: +12.72022 Q4 · CFO: +13.32023 Q1 · CFO: +10.32023 Q2 · CFO: +10.52023 Q3 · CFO: +11.42023 Q4 · CFO: +17.92024 Q1 · CFO: +23.02024 Q2 · CFO: +14.12024 Q3 · CFO: +7.42025 Q1 · CFO: +0.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-31-16+0+16+312022 Q12022 Q32023 Q12023 Q32024 Q12024 Q32022 Q1 · Prepared remarks: +27.02022 Q2 · Prepared remarks: +3.32022 Q3 · Prepared remarks: +15.72022 Q4 · Prepared remarks: +15.22023 Q1 · Prepared remarks: +12.82023 Q2 · Prepared remarks: +11.52023 Q3 · Prepared remarks: +10.62023 Q4 · Prepared remarks: +13.02024 Q1 · Prepared remarks: +20.22024 Q2 · Prepared remarks: +11.92024 Q3 · Prepared remarks: +12.92025 Q1 · Prepared remarks: +4.22022 Q1 · Q&A responses: +10.02022 Q2 · Q&A responses: +4.22022 Q3 · Q&A responses: +8.32022 Q4 · Q&A responses: +8.82023 Q1 · Q&A responses: +11.32023 Q2 · Q&A responses: +7.82023 Q3 · Q&A responses: +14.32023 Q4 · Q&A responses: +13.22024 Q1 · Q&A responses: +16.22024 Q2 · Q&A responses: -1.02024 Q3 · Q&A responses: +1.32025 Q1 · Q&A responses: +2.7
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

$2.35$5.73$9.112022 Q12022 Q32023 Q12023 Q32024 Q12024 Q32022 Q1: $2.812022 Q2: $3.432022 Q3: $4.042022 Q4: $4.592023 Q1: $4.402023 Q2: $4.612023 Q3: $5.952023 Q4: $6.562024 Q1: $7.622024 Q2: $8.252024 Q3: $8.64

Forward P/E

16.1921.8427.502022 Q12022 Q32023 Q12023 Q32024 Q12024 Q32022 Q1: 18.392022 Q2: 16.972022 Q3: 21.792022 Q4: 19.792023 Q1: 17.572023 Q2: 20.242023 Q3: 18.382023 Q4: 17.752024 Q1: 22.042024 Q2: 26.722024 Q3: 23.17

Divergence watch ⚑

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

  • 2022 Q2 tone ↓ -5.6 fwd EPS ↑ +0.62 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -3.9 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↓ -8.0 fwd EPS ↑ +0.63 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-06+2.6——View →
2024 Q32024-11-04+4.7$8.6423.2View →
2024 Q22024-08-06+5.7$8.2526.7View →
2024 Q12024-05-09+13.7$7.6222.0View →
2023 Q42024-02-27+11.5$6.5617.8View →
2023 Q32023-11-06+10.5$5.9518.4View →
2023 Q22023-08-06+8.7$4.6120.2View →
2023 Q12023-05-05+12.6$4.4017.6View →