Subtext

Comcast Corporation CMCSA

SectorCommunication Services
Transcripts77
Date range2005-11-16 – 2025-04-24
Calls charted76

Sentiment timeline

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

-26-13+0+13+262005 Q32008 Q22011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42005 Q3 · Overall: +11.92005 Q4 · Overall: +4.22006 Q1 · Overall: +7.22006 Q2 · Overall: +5.92006 Q3 · Overall: +8.02006 Q4 · Overall: +9.02007 Q2 · Overall: +1.42007 Q3 · Overall: +2.72007 Q4 · Overall: +5.52008 Q1 · Overall: +8.72008 Q2 · Overall: +3.22008 Q3 · Overall: -0.72008 Q4 · Overall: +7.72009 Q1 · Overall: +6.32009 Q2 · Overall: +7.12009 Q4 · Overall: +10.72010 Q2 · Overall: +15.32010 Q3 · Overall: +8.32010 Q4 · Overall: +17.72011 Q1 · Overall: +15.22011 Q2 · Overall: +14.92011 Q3 · Overall: +18.32011 Q4 · Overall: +15.12012 Q1 · Overall: +20.32012 Q2 · Overall: +11.62012 Q3 · Overall: +12.52012 Q4 · Overall: +21.22013 Q1 · Overall: +14.62013 Q2 · Overall: +14.72013 Q3 · Overall: +11.02013 Q4 · Overall: +21.52014 Q1 · Overall: +12.02014 Q2 · Overall: +12.72014 Q3 · Overall: +11.32014 Q4 · Overall: +14.22015 Q1 · Overall: +11.52015 Q2 · Overall: +22.32015 Q3 · Overall: +12.52015 Q4 · Overall: +15.52016 Q1 · Overall: +12.52016 Q2 · Overall: +10.22016 Q3 · Overall: +12.52016 Q4 · Overall: +15.82017 Q1 · Overall: +16.52017 Q2 · Overall: +15.02017 Q3 · Overall: +17.62017 Q4 · Overall: +15.62018 Q1 · Overall: +18.42018 Q2 · Overall: +17.52018 Q3 · Overall: +19.62018 Q4 · Overall: +21.02019 Q1 · Overall: +16.72019 Q2 · Overall: +16.82019 Q3 · Overall: +14.72019 Q4 · Overall: +19.62020 Q1 · Overall: -2.02020 Q2 · Overall: +9.92020 Q3 · Overall: +15.02020 Q4 · Overall: +12.22021 Q1 · Overall: +18.22021 Q2 · Overall: +15.72021 Q3 · Overall: +17.52021 Q4 · Overall: +12.92022 Q1 · Overall: +13.12022 Q2 · Overall: +9.22022 Q3 · Overall: +14.32022 Q4 · Overall: +13.22023 Q1 · Overall: +15.62023 Q2 · Overall: +20.22023 Q3 · Overall: +15.02023 Q4 · Overall: +19.02024 Q1 · Overall: +6.42024 Q2 · Overall: +11.92024 Q3 · Overall: +12.62024 Q4 · Overall: +14.92025 Q1 · Overall: +12.9
Overall

CEO vs CFO

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

-46-23+0+23+462005 Q32008 Q22011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42005 Q3 · CEO: +25.62005 Q4 · CEO: +18.92006 Q1 · CEO: +13.32006 Q2 · CEO: +24.72006 Q3 · CEO: +8.42006 Q4 · CEO: +12.52007 Q2 · CEO: +3.22007 Q3 · CEO: +4.72007 Q4 · CEO: +17.92008 Q1 · CEO: +13.62008 Q2 · CEO: +16.02008 Q3 · CEO: +8.62008 Q4 · CEO: +17.52009 Q1 · CEO: +23.22009 Q2 · CEO: +15.92009 Q4 · CEO: +21.92010 Q2 · CEO: +21.52010 Q3 · CEO: +8.22010 Q4 · CEO: +32.02011 Q1 · CEO: +24.42011 Q2 · CEO: +28.02011 Q3 · CEO: +38.92011 Q4 · CEO: +22.62012 Q1 · CEO: +28.12012 Q3 · CEO: +20.32012 Q4 · CEO: +34.02013 Q1 · CEO: +23.12013 Q2 · CEO: +21.02013 Q3 · CEO: +18.12013 Q4 · CEO: +25.82014 Q1 · CEO: +22.12014 Q2 · CEO: +33.02014 Q3 · CEO: +24.02014 Q4 · CEO: +17.22015 Q1 · CEO: +15.22015 Q2 · CEO: +32.52015 Q3 · CEO: +21.92015 Q4 · CEO: +33.12016 Q1 · CEO: +36.12016 Q2 · CEO: +39.72017 Q4 · CEO: +32.82018 Q3 · CEO: +26.02005 Q3 · CFO: +6.52005 Q4 · CFO: -0.82006 Q1 · CFO: +9.22006 Q2 · CFO: +2.82006 Q3 · CFO: +5.52006 Q4 · CFO: +6.22007 Q2 · CFO: +1.02007 Q3 · CFO: +5.92007 Q4 · CFO: +6.42008 Q1 · CFO: +9.62008 Q2 · CFO: +2.02008 Q3 · CFO: -0.42008 Q4 · CFO: +0.42009 Q1 · CFO: +0.52009 Q2 · CFO: +9.52009 Q4 · CFO: +9.42010 Q2 · CFO: +16.52010 Q3 · CFO: +12.32010 Q4 · CFO: +18.92011 Q1 · CFO: +14.72011 Q2 · CFO: +8.62011 Q3 · CFO: +18.12011 Q4 · CFO: +17.12012 Q1 · CFO: +25.72012 Q2 · CFO: +13.22012 Q3 · CFO: +16.02012 Q4 · CFO: +20.82013 Q1 · CFO: +12.82013 Q2 · CFO: +20.62013 Q3 · CFO: +13.02013 Q4 · CFO: +27.82014 Q1 · CFO: +13.72014 Q2 · CFO: +13.12014 Q3 · CFO: +13.92014 Q4 · CFO: +22.22015 Q1 · CFO: +17.92015 Q2 · CFO: +25.32015 Q3 · CFO: +16.82015 Q4 · CFO: +16.72017 Q4 · CFO: +5.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-38-19+0+19+382005 Q32008 Q22011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42005 Q3 · Prepared remarks: +11.92005 Q4 · Prepared remarks: +8.62006 Q1 · Prepared remarks: +10.02006 Q2 · Prepared remarks: +10.62006 Q3 · Prepared remarks: +12.12006 Q4 · Prepared remarks: +16.02007 Q2 · Prepared remarks: +6.72007 Q3 · Prepared remarks: +6.52007 Q4 · Prepared remarks: +10.02008 Q1 · Prepared remarks: +14.02008 Q2 · Prepared remarks: +3.72008 Q3 · Prepared remarks: +3.72008 Q4 · Prepared remarks: +6.82009 Q1 · Prepared remarks: +7.42009 Q2 · Prepared remarks: +12.62009 Q4 · Prepared remarks: +15.52010 Q2 · Prepared remarks: +24.32010 Q3 · Prepared remarks: +18.32010 Q4 · Prepared remarks: +28.92011 Q1 · Prepared remarks: +21.92011 Q2 · Prepared remarks: +24.52011 Q3 · Prepared remarks: +25.02011 Q4 · Prepared remarks: +21.12012 Q1 · Prepared remarks: +27.42012 Q2 · Prepared remarks: +17.52012 Q3 · Prepared remarks: +23.92012 Q4 · Prepared remarks: +27.12013 Q1 · Prepared remarks: +18.32013 Q2 · Prepared remarks: +24.72013 Q3 · Prepared remarks: +19.12013 Q4 · Prepared remarks: +33.32014 Q1 · Prepared remarks: +25.22014 Q2 · Prepared remarks: +24.62014 Q3 · Prepared remarks: +23.02014 Q4 · Prepared remarks: +26.42015 Q1 · Prepared remarks: +23.52015 Q2 · Prepared remarks: +30.62015 Q3 · Prepared remarks: +20.42015 Q4 · Prepared remarks: +25.22016 Q1 · Prepared remarks: +26.12016 Q2 · Prepared remarks: +20.92016 Q3 · Prepared remarks: +22.52016 Q4 · Prepared remarks: +24.82017 Q1 · Prepared remarks: +18.42017 Q2 · Prepared remarks: +24.82017 Q3 · Prepared remarks: +21.72017 Q4 · Prepared remarks: +20.62018 Q1 · Prepared remarks: +24.22018 Q2 · Prepared remarks: +18.52018 Q3 · Prepared remarks: +17.12018 Q4 · Prepared remarks: +26.52019 Q1 · Prepared remarks: +27.62019 Q2 · Prepared remarks: +25.22019 Q3 · Prepared remarks: +19.62019 Q4 · Prepared remarks: +24.12020 Q1 · Prepared remarks: -5.72020 Q2 · Prepared remarks: +13.12020 Q3 · Prepared remarks: +19.02020 Q4 · Prepared remarks: +8.72021 Q1 · Prepared remarks: +19.72021 Q2 · Prepared remarks: +21.32021 Q3 · Prepared remarks: +24.42021 Q4 · Prepared remarks: +13.92022 Q1 · Prepared remarks: +14.22022 Q2 · Prepared remarks: +9.62022 Q3 · Prepared remarks: +15.22022 Q4 · Prepared remarks: +15.82023 Q1 · Prepared remarks: +21.12023 Q2 · Prepared remarks: +29.92023 Q3 · Prepared remarks: +23.32023 Q4 · Prepared remarks: +27.52024 Q1 · Prepared remarks: +8.32024 Q2 · Prepared remarks: +15.32024 Q3 · Prepared remarks: +17.52024 Q4 · Prepared remarks: +13.92025 Q1 · Prepared remarks: +21.12005 Q4 · Q&A responses: -2.92006 Q1 · Q&A responses: +11.32006 Q2 · Q&A responses: +3.62006 Q3 · Q&A responses: +4.72006 Q4 · Q&A responses: +3.32007 Q2 · Q&A responses: -0.62007 Q3 · Q&A responses: +3.22007 Q4 · Q&A responses: +2.52008 Q1 · Q&A responses: +8.42008 Q2 · Q&A responses: +8.52008 Q3 · Q&A responses: +0.32008 Q4 · Q&A responses: +13.42009 Q1 · Q&A responses: +8.42009 Q2 · Q&A responses: +6.62009 Q4 · Q&A responses: +10.32010 Q2 · Q&A responses: +15.22010 Q3 · Q&A responses: +8.62010 Q4 · Q&A responses: +17.12011 Q1 · Q&A responses: +16.92011 Q2 · Q&A responses: +10.52011 Q3 · Q&A responses: +22.02011 Q4 · Q&A responses: +14.72012 Q1 · Q&A responses: +22.42012 Q2 · Q&A responses: +12.72012 Q3 · Q&A responses: +7.32012 Q4 · Q&A responses: +16.22013 Q1 · Q&A responses: +17.82013 Q2 · Q&A responses: +12.32013 Q3 · Q&A responses: +11.42013 Q4 · Q&A responses: +17.52014 Q1 · Q&A responses: +4.02014 Q2 · Q&A responses: +7.12014 Q3 · Q&A responses: +6.52014 Q4 · Q&A responses: +10.72015 Q1 · Q&A responses: +8.92015 Q2 · Q&A responses: +22.42015 Q3 · Q&A responses: +13.12015 Q4 · Q&A responses: +15.22016 Q1 · Q&A responses: +12.32016 Q2 · Q&A responses: +9.42016 Q3 · Q&A responses: +10.42016 Q4 · Q&A responses: +16.22017 Q1 · Q&A responses: +22.82017 Q2 · Q&A responses: +15.32017 Q3 · Q&A responses: +23.72017 Q4 · Q&A responses: +14.72018 Q1 · Q&A responses: +18.82018 Q2 · Q&A responses: +27.62018 Q3 · Q&A responses: +26.62018 Q4 · Q&A responses: +23.42019 Q1 · Q&A responses: +13.42019 Q2 · Q&A responses: +17.52019 Q3 · Q&A responses: +21.72019 Q4 · Q&A responses: +22.02020 Q1 · Q&A responses: +2.42020 Q2 · Q&A responses: +7.02020 Q3 · Q&A responses: +15.82020 Q4 · Q&A responses: +20.52021 Q1 · Q&A responses: +22.52021 Q2 · Q&A responses: +14.02021 Q3 · Q&A responses: +19.12021 Q4 · Q&A responses: +15.02022 Q1 · Q&A responses: +15.52022 Q2 · Q&A responses: +15.22022 Q3 · Q&A responses: +18.92022 Q4 · Q&A responses: +16.22023 Q1 · Q&A responses: +14.32023 Q2 · Q&A responses: +19.72023 Q3 · Q&A responses: +10.62023 Q4 · Q&A responses: +14.82024 Q1 · Q&A responses: +11.22024 Q2 · Q&A responses: +14.02024 Q3 · Q&A responses: +13.62024 Q4 · Q&A responses: +17.62025 Q1 · Q&A responses: +12.1
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

$1.26$2.93$4.602005 Q32008 Q22011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42014 Q1: $1.492014 Q2: $1.552014 Q3: $1.602014 Q4: $1.642015 Q1: $1.682015 Q2: $1.772015 Q3: $1.802015 Q4: $1.842016 Q1: $1.822016 Q2: $1.862016 Q3: $1.902016 Q4: $1.882017 Q1: $1.942017 Q2: $2.102017 Q3: $2.192017 Q4: $2.252018 Q1: $2.602018 Q2: $2.612018 Q3: $2.732018 Q4: $2.812019 Q1: $2.872019 Q2: $3.192019 Q3: $3.332019 Q4: $3.352020 Q1: $3.222020 Q2: $2.622020 Q3: $2.812020 Q4: $2.882021 Q1: $3.032021 Q2: $3.292021 Q3: $3.642021 Q4: $3.722022 Q1: $3.652022 Q2: $3.832022 Q3: $3.792022 Q4: $3.752023 Q1: $3.772023 Q2: $3.892023 Q3: $4.122023 Q4: $4.312024 Q1: $4.352024 Q2: $4.362024 Q3: $4.372024 Q4: $4.35

Forward P/E

7.5814.0220.462005 Q32008 Q22011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42014 Q1: 16.742014 Q2: 16.992014 Q3: 17.842014 Q4: 16.872015 Q1: 17.612015 Q2: 16.792015 Q3: 16.042015 Q4: 15.952016 Q1: 16.482016 Q2: 16.762016 Q3: 17.192016 Q4: 18.622017 Q1: 19.432017 Q2: 19.572017 Q3: 17.332017 Q4: 17.152018 Q1: 13.872018 Q2: 12.382018 Q3: 13.702018 Q4: 12.522019 Q1: 13.802019 Q2: 13.522019 Q3: 14.122019 Q4: 12.892020 Q1: 11.082020 Q2: 15.002020 Q3: 16.672020 Q4: 17.862021 Q1: 18.992021 Q2: 17.342021 Q3: 15.672021 Q4: 12.952022 Q1: 12.652022 Q2: 10.482022 Q3: 9.092022 Q4: 9.432023 Q1: 9.532023 Q2: 10.502023 Q3: 10.982023 Q4: 10.132024 Q1: 9.942024 Q2: 8.472024 Q3: 9.122024 Q4: 8.68

Divergence watch ⚑

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

  • 2015 Q1 tone ↓ -2.7 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -9.8 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -2.3 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -2.1 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -4.3 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -2.1 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +11.8 fwd EPS ↓ -0.60 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↓ -2.8 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -2.4 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -4.6 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -3.9 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -5.1 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+12.9——View →
2024 Q42025-01-30+14.9$4.358.7View →
2024 Q32024-10-31+12.6$4.379.1View →
2024 Q22024-07-23+11.9$4.368.5View →
2024 Q12024-04-25+6.4$4.359.9View →
2023 Q42024-01-25+19.0$4.3110.1View →
2023 Q32023-10-26+15.0$4.1211.0View →
2023 Q22023-07-27+20.2$3.8910.5View →