Subtext

Cencora, Inc. COR

SectorHealth Care
Transcripts54
Date range2012-01-26 – 2025-05-07
Calls charted54

Sentiment timeline

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

-24-12+0+12+242012 Q12013 Q42015 Q32017 Q22019 Q12020 Q42022 Q32024 Q22012 Q1 · Overall: +5.92012 Q2 · Overall: +8.42012 Q3 · Overall: +6.32012 Q4 · Overall: +7.12013 Q1 · Overall: +8.62013 Q2 · Overall: +7.42013 Q3 · Overall: +8.02013 Q4 · Overall: +8.12014 Q1 · Overall: +6.42014 Q2 · Overall: +7.92014 Q3 · Overall: +8.52014 Q4 · Overall: +4.02015 Q1 · Overall: +5.82015 Q2 · Overall: +9.02015 Q3 · Overall: +7.12015 Q4 · Overall: +7.52016 Q1 · Overall: +7.62016 Q2 · Overall: +10.32016 Q3 · Overall: +11.32016 Q4 · Overall: +5.82017 Q1 · Overall: +9.32017 Q2 · Overall: +5.92017 Q3 · Overall: +6.52017 Q4 · Overall: +9.12018 Q1 · Overall: +5.82018 Q2 · Overall: +7.32018 Q3 · Overall: +6.72018 Q4 · Overall: +6.72019 Q1 · Overall: +4.92019 Q2 · Overall: +1.22019 Q3 · Overall: +7.32019 Q4 · Overall: +6.22020 Q1 · Overall: +5.62020 Q2 · Overall: +10.62020 Q3 · Overall: +12.22020 Q4 · Overall: +7.72021 Q1 · Overall: +8.12021 Q2 · Overall: +10.02021 Q3 · Overall: +5.92021 Q4 · Overall: +12.42022 Q1 · Overall: +16.22022 Q2 · Overall: +21.02022 Q3 · Overall: +20.02022 Q4 · Overall: +10.62023 Q1 · Overall: +12.32023 Q2 · Overall: +13.52023 Q3 · Overall: +9.92023 Q4 · Overall: +18.42024 Q1 · Overall: +19.12024 Q2 · Overall: +10.22024 Q3 · Overall: +14.72024 Q4 · Overall: +15.02025 Q1 · Overall: +12.92025 Q2 · Overall: +12.5
Overall

CEO vs CFO

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

-47-24+0+24+472012 Q12013 Q42015 Q32017 Q22019 Q12020 Q42022 Q32024 Q22012 Q1 · CEO: +14.92012 Q2 · CEO: +20.52012 Q3 · CEO: +11.32012 Q4 · CEO: +17.22013 Q1 · CEO: +12.62013 Q2 · CEO: +9.02013 Q3 · CEO: +11.62013 Q4 · CEO: +15.72014 Q1 · CEO: +14.32014 Q2 · CEO: +14.72014 Q3 · CEO: +17.02014 Q4 · CEO: +12.32015 Q1 · CEO: +13.22015 Q2 · CEO: +15.52015 Q3 · CEO: +10.72015 Q4 · CEO: +15.62016 Q1 · CEO: +12.32016 Q2 · CEO: +16.92016 Q3 · CEO: +20.32016 Q4 · CEO: +18.42017 Q1 · CEO: +18.02017 Q2 · CEO: +13.52017 Q3 · CEO: +13.12017 Q4 · CEO: +19.92018 Q1 · CEO: +24.72018 Q2 · CEO: +16.82018 Q3 · CEO: +17.22018 Q4 · CEO: +17.62019 Q1 · CEO: +11.92019 Q2 · CEO: +10.52019 Q3 · CEO: +18.52019 Q4 · CEO: +15.02020 Q1 · CEO: +14.52020 Q2 · CEO: +18.62020 Q3 · CEO: +19.02020 Q4 · CEO: +29.42021 Q1 · CEO: +26.12021 Q2 · CEO: +24.32021 Q3 · CEO: +17.02022 Q1 · CEO: +23.12022 Q2 · CEO: +34.52022 Q3 · CEO: +32.82022 Q4 · CEO: +41.22023 Q1 · CEO: +30.02023 Q2 · CEO: +21.72023 Q3 · CEO: +8.82023 Q4 · CEO: +27.22024 Q1 · CEO: +26.72024 Q2 · CEO: +18.82024 Q3 · CEO: +31.52024 Q4 · CEO: +29.52025 Q1 · CEO: +37.52025 Q2 · CEO: +27.12012 Q1 · CFO: +14.32012 Q2 · CFO: +15.62012 Q3 · CFO: +4.82012 Q4 · CFO: +4.32013 Q1 · CFO: +0.72013 Q2 · CFO: +4.82013 Q3 · CFO: +3.12013 Q4 · CFO: +3.22014 Q1 · CFO: +0.02014 Q2 · CFO: +5.92014 Q3 · CFO: -0.62014 Q4 · CFO: +2.62015 Q1 · CFO: +4.22015 Q2 · CFO: +0.02015 Q3 · CFO: +4.92015 Q4 · CFO: -0.42016 Q1 · CFO: +6.92016 Q2 · CFO: +6.82016 Q3 · CFO: +2.52016 Q4 · CFO: +0.02017 Q1 · CFO: +6.22017 Q2 · CFO: +0.52017 Q3 · CFO: +2.12017 Q4 · CFO: +3.12018 Q1 · CFO: +3.22018 Q2 · CFO: +0.52018 Q3 · CFO: +0.02018 Q4 · CFO: +3.22019 Q1 · CFO: +2.22019 Q2 · CFO: -1.62019 Q3 · CFO: +1.32019 Q4 · CFO: +6.02020 Q1 · CFO: -0.42020 Q2 · CFO: +0.02020 Q3 · CFO: +4.22020 Q4 · CFO: +8.62021 Q1 · CFO: +4.52021 Q2 · CFO: +3.62021 Q3 · CFO: +1.22022 Q1 · CFO: +16.22022 Q2 · CFO: +18.52022 Q3 · CFO: +18.62022 Q4 · CFO: +17.42023 Q1 · CFO: +6.02023 Q2 · CFO: +10.62023 Q3 · CFO: +19.52023 Q4 · CFO: +19.52024 Q1 · CFO: +20.82024 Q2 · CFO: +26.62024 Q3 · CFO: +14.02025 Q1 · CFO: +9.52025 Q2 · CFO: +9.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-88-44+0+44+882012 Q12013 Q42015 Q32017 Q22019 Q12020 Q42022 Q32024 Q22012 Q1 · Prepared remarks: +55.62012 Q2 · Prepared remarks: +46.22012 Q3 · Prepared remarks: +10.12012 Q4 · Prepared remarks: +14.12013 Q1 · Prepared remarks: +13.12013 Q2 · Prepared remarks: +15.32013 Q3 · Prepared remarks: +14.02013 Q4 · Prepared remarks: +13.42014 Q1 · Prepared remarks: +13.22014 Q2 · Prepared remarks: +11.82014 Q3 · Prepared remarks: +11.02014 Q4 · Prepared remarks: +11.12015 Q1 · Prepared remarks: +13.02015 Q2 · Prepared remarks: +16.02015 Q3 · Prepared remarks: +14.92015 Q4 · Prepared remarks: +13.32016 Q1 · Prepared remarks: +15.32016 Q2 · Prepared remarks: +15.52016 Q3 · Prepared remarks: +17.12016 Q4 · Prepared remarks: +12.32017 Q1 · Prepared remarks: +14.92017 Q2 · Prepared remarks: +10.82017 Q3 · Prepared remarks: +9.52017 Q4 · Prepared remarks: +16.72018 Q1 · Prepared remarks: +14.92018 Q2 · Prepared remarks: +11.62018 Q3 · Prepared remarks: +10.62018 Q4 · Prepared remarks: +15.82019 Q1 · Prepared remarks: +11.42019 Q2 · Prepared remarks: +12.72019 Q3 · Prepared remarks: +16.62019 Q4 · Prepared remarks: +17.92020 Q1 · Prepared remarks: +16.62020 Q2 · Prepared remarks: +12.42020 Q3 · Prepared remarks: +22.52020 Q4 · Prepared remarks: +22.42021 Q1 · Prepared remarks: +13.02021 Q2 · Prepared remarks: +17.92021 Q3 · Prepared remarks: +13.72021 Q4 · Prepared remarks: +50.52022 Q1 · Prepared remarks: +26.02022 Q2 · Prepared remarks: +28.62022 Q3 · Prepared remarks: +26.12022 Q4 · Prepared remarks: +76.42023 Q1 · Prepared remarks: +18.62023 Q2 · Prepared remarks: +15.72023 Q3 · Prepared remarks: +67.92023 Q4 · Prepared remarks: +23.22024 Q1 · Prepared remarks: +27.42024 Q2 · Prepared remarks: +38.82024 Q3 · Prepared remarks: +27.12024 Q4 · Prepared remarks: +22.32025 Q1 · Prepared remarks: +24.82025 Q2 · Prepared remarks: +21.12012 Q1 · Q&A responses: +8.32012 Q2 · Q&A responses: +17.22012 Q3 · Q&A responses: +6.52012 Q4 · Q&A responses: +8.92013 Q1 · Q&A responses: +8.62013 Q2 · Q&A responses: +6.72013 Q3 · Q&A responses: +7.52013 Q4 · Q&A responses: +9.12014 Q1 · Q&A responses: +10.22014 Q2 · Q&A responses: +11.32014 Q3 · Q&A responses: +12.42014 Q4 · Q&A responses: +6.82015 Q1 · Q&A responses: +8.82015 Q2 · Q&A responses: +7.72015 Q3 · Q&A responses: +8.42015 Q4 · Q&A responses: +5.52016 Q1 · Q&A responses: +7.72016 Q2 · Q&A responses: +12.42016 Q3 · Q&A responses: +13.52016 Q4 · Q&A responses: +7.12017 Q1 · Q&A responses: +10.92017 Q2 · Q&A responses: +7.62017 Q3 · Q&A responses: +9.02017 Q4 · Q&A responses: +10.42018 Q1 · Q&A responses: +7.52018 Q2 · Q&A responses: +10.92018 Q3 · Q&A responses: +10.62018 Q4 · Q&A responses: +10.52019 Q1 · Q&A responses: +8.02019 Q2 · Q&A responses: +4.32019 Q3 · Q&A responses: +7.72019 Q4 · Q&A responses: +8.52020 Q1 · Q&A responses: +7.42020 Q2 · Q&A responses: +16.32020 Q3 · Q&A responses: +13.22020 Q4 · Q&A responses: +8.92021 Q1 · Q&A responses: +15.32021 Q2 · Q&A responses: +11.02021 Q3 · Q&A responses: +8.52021 Q4 · Q&A responses: +20.32022 Q1 · Q&A responses: +11.22022 Q2 · Q&A responses: +19.12022 Q3 · Q&A responses: +21.82022 Q4 · Q&A responses: +16.12023 Q1 · Q&A responses: +14.72023 Q2 · Q&A responses: +18.72023 Q3 · Q&A responses: +9.12023 Q4 · Q&A responses: +19.52024 Q1 · Q&A responses: +15.02024 Q2 · Q&A responses: +18.52024 Q3 · Q&A responses: +10.42024 Q4 · Q&A responses: +15.22025 Q1 · Q&A responses: +17.32025 Q2 · Q&A responses: +8.2
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

$3.09$9.64$16.192012 Q12013 Q42015 Q32017 Q22019 Q12020 Q42022 Q32024 Q22014 Q1: $4.002014 Q2: $4.142014 Q3: $4.372014 Q4: $4.582015 Q1: $4.922015 Q2: $5.392015 Q3: $5.612015 Q4: $6.022016 Q1: $6.122016 Q2: $5.732016 Q3: $5.872016 Q4: $5.922017 Q1: $6.142017 Q2: $6.232017 Q3: $6.072017 Q4: $6.222018 Q1: $6.992018 Q2: $7.032018 Q3: $7.132018 Q4: $6.962019 Q1: $7.082019 Q2: $7.232019 Q3: $7.582019 Q4: $7.682020 Q1: $7.972020 Q2: $8.002020 Q3: $8.442020 Q4: $8.572021 Q1: $8.922021 Q2: $10.182021 Q3: $10.562021 Q4: $10.872022 Q1: $11.182022 Q2: $11.332022 Q3: $11.452022 Q4: $11.772023 Q1: $12.122023 Q2: $12.492023 Q3: $12.872023 Q4: $13.182024 Q1: $14.022024 Q2: $14.402024 Q3: $14.812024 Q4: $15.28

Forward P/E

9.6916.6723.662012 Q12013 Q42015 Q32017 Q22019 Q12020 Q42022 Q32024 Q22014 Q1: 16.742014 Q2: 17.422014 Q3: 17.512014 Q4: 19.762015 Q1: 22.702015 Q2: 20.672015 Q3: 18.952015 Q4: 16.882016 Q1: 14.222016 Q2: 13.282016 Q3: 14.282016 Q4: 13.032017 Q1: 14.572017 Q2: 15.072017 Q3: 13.892017 Q4: 14.232018 Q1: 14.102018 Q2: 12.892018 Q3: 12.542018 Q4: 10.972019 Q1: 11.282019 Q2: 11.902019 Q3: 10.952019 Q4: 10.882020 Q1: 10.652020 Q2: 12.522020 Q3: 11.472020 Q4: 11.472021 Q1: 12.782021 Q2: 11.632021 Q3: 11.912021 Q4: 11.392022 Q1: 13.462022 Q2: 12.562022 Q3: 12.242022 Q4: 14.052023 Q1: 12.352023 Q2: 14.342023 Q3: 13.732023 Q4: 15.452024 Q1: 16.752024 Q2: 16.482024 Q3: 15.432024 Q4: 14.85

Divergence watch ⚑

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

  • 2014 Q4 tone ↓ -4.5 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↑ +2.7 fwd EPS ↓ -0.39 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -3.4 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -3.3 fwd EPS ↑ +0.77 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -3.8 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -4.5 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -4.1 fwd EPS ↑ +0.38 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↓ -9.4 fwd EPS ↑ +0.32 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -3.6 fwd EPS ↑ +0.38 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↓ -9.0 fwd EPS ↑ +0.38 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-05-07+12.5——View →
2025 Q12025-02-05+12.9——View →
2024 Q42024-11-06+15.0$15.2814.8View →
2024 Q32024-07-31+14.7$14.8115.4View →
2024 Q22024-05-01+10.2$14.4016.5View →
2024 Q12024-01-31+19.1$14.0216.8View →
2023 Q42023-11-04+18.4$13.1815.4View →
2023 Q32023-08-02+9.9$12.8713.7View →