Subtext

Corteva, Inc. CTVA

SectorMaterials
Transcripts24
Date range2019-08-02 – 2025-05-08
Calls charted24

Sentiment timeline

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

-21-11+0+11+212019 Q22020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32019 Q2 · Overall: +5.22019 Q3 · Overall: +3.22019 Q4 · Overall: +12.82020 Q1 · Overall: +11.02020 Q2 · Overall: +5.52020 Q3 · Overall: +17.52020 Q4 · Overall: +18.52021 Q1 · Overall: +14.62021 Q2 · Overall: +15.72021 Q3 · Overall: +14.62021 Q4 · Overall: +14.22022 Q1 · Overall: +11.02022 Q2 · Overall: +9.32022 Q3 · Overall: +10.92022 Q4 · Overall: +12.32023 Q1 · Overall: +8.82023 Q2 · Overall: +9.82023 Q3 · Overall: +9.52023 Q4 · Overall: +10.72024 Q1 · Overall: +3.12024 Q2 · Overall: +10.52024 Q3 · Overall: +8.82024 Q4 · Overall: +11.22025 Q1 · Overall: +13.2
Overall

CEO vs CFO

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

-31-15+0+15+312019 Q22020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32019 Q2 · CEO: +7.42019 Q3 · CEO: +0.22019 Q4 · CEO: +13.82020 Q1 · CEO: +12.72020 Q2 · CEO: +6.52020 Q3 · CEO: +18.72020 Q4 · CEO: +24.32021 Q1 · CEO: +17.32021 Q2 · CEO: +20.12021 Q3 · CEO: +26.92022 Q1 · CEO: +13.92022 Q2 · CEO: +10.22022 Q3 · CEO: +16.52022 Q4 · CEO: +14.42023 Q1 · CEO: +16.92023 Q2 · CEO: +10.82023 Q3 · CEO: +8.32023 Q4 · CEO: +13.82024 Q1 · CEO: +7.72024 Q2 · CEO: +11.72024 Q3 · CEO: +13.92024 Q4 · CEO: +20.22025 Q1 · CEO: +17.12019 Q2 · CFO: +4.72019 Q3 · CFO: -0.72019 Q4 · CFO: +14.52020 Q1 · CFO: +10.72020 Q4 · CFO: +17.72021 Q1 · CFO: +17.92021 Q2 · CFO: +18.12021 Q3 · CFO: +14.72022 Q1 · CFO: +10.02022 Q2 · CFO: +12.52022 Q3 · CFO: +13.92022 Q4 · CFO: +12.72023 Q1 · CFO: +7.42023 Q2 · CFO: +10.72023 Q3 · CFO: +7.32023 Q4 · CFO: +11.72024 Q1 · CFO: +14.62024 Q2 · CFO: +17.42024 Q3 · CFO: +7.02024 Q4 · CFO: +9.62025 Q1 · CFO: +15.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-32-16+0+16+322019 Q22020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32019 Q2 · Prepared remarks: +5.32019 Q3 · Prepared remarks: -2.12019 Q4 · Prepared remarks: +14.52020 Q1 · Prepared remarks: +12.92020 Q2 · Prepared remarks: +6.62020 Q3 · Prepared remarks: +17.82020 Q4 · Prepared remarks: +25.52021 Q1 · Prepared remarks: +20.92021 Q2 · Prepared remarks: +26.32021 Q3 · Prepared remarks: +18.82021 Q4 · Prepared remarks: +19.92022 Q1 · Prepared remarks: +11.32022 Q2 · Prepared remarks: +15.72022 Q3 · Prepared remarks: +18.02022 Q4 · Prepared remarks: +16.72023 Q1 · Prepared remarks: +15.02023 Q2 · Prepared remarks: +16.52023 Q3 · Prepared remarks: +13.42023 Q4 · Prepared remarks: +11.02024 Q1 · Prepared remarks: +16.02024 Q2 · Prepared remarks: +21.82024 Q3 · Prepared remarks: +12.62024 Q4 · Prepared remarks: +21.72025 Q1 · Prepared remarks: +19.22019 Q2 · Q&A responses: +6.02019 Q3 · Q&A responses: +9.82019 Q4 · Q&A responses: +12.72020 Q1 · Q&A responses: +9.92020 Q2 · Q&A responses: +6.32020 Q3 · Q&A responses: +18.12020 Q4 · Q&A responses: +17.92021 Q1 · Q&A responses: +13.12021 Q2 · Q&A responses: +10.42021 Q3 · Q&A responses: +16.82021 Q4 · Q&A responses: +14.82022 Q1 · Q&A responses: +12.72022 Q2 · Q&A responses: +9.72022 Q3 · Q&A responses: +10.62022 Q4 · Q&A responses: +12.02023 Q1 · Q&A responses: +7.32023 Q2 · Q&A responses: +9.32023 Q3 · Q&A responses: +7.92023 Q4 · Q&A responses: +27.92024 Q1 · Q&A responses: +6.12024 Q2 · Q&A responses: +7.52024 Q3 · Q&A responses: +10.32024 Q4 · Q&A responses: +9.42025 Q1 · Q&A responses: +12.6
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

$1.15$2.27$3.392019 Q22020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32019 Q2: $1.302019 Q3: $1.462019 Q4: $1.492020 Q1: $1.572020 Q2: $1.542020 Q3: $1.572020 Q4: $1.752021 Q1: $2.012021 Q2: $2.132021 Q3: $2.402021 Q4: $2.592022 Q1: $2.562022 Q2: $2.732022 Q3: $2.962022 Q4: $3.132023 Q1: $3.032023 Q2: $3.232023 Q3: $3.182023 Q4: $3.022024 Q1: $2.992024 Q2: $3.152024 Q3: $3.16

Forward P/E

12.9618.6224.292019 Q22020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32019 Q2: 20.882019 Q3: 20.032019 Q4: 18.672020 Q1: 13.742020 Q2: 17.762020 Q3: 18.592020 Q4: 22.332021 Q1: 23.512021 Q2: 20.522021 Q3: 17.942021 Q4: 17.802022 Q1: 21.392022 Q2: 20.342022 Q3: 21.582022 Q4: 19.712023 Q1: 18.782023 Q2: 17.632023 Q3: 16.342023 Q4: 15.082024 Q1: 18.492024 Q2: 16.472024 Q3: 18.16

Divergence watch ⚑

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

  • 2019 Q3 tone ↓ -2.0 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -3.9 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-08+13.2——View →
2024 Q42025-02-06+11.2——View →
2024 Q32024-11-07+8.8$3.1618.2View →
2024 Q22024-08-01+10.5$3.1516.5View →
2024 Q12024-05-02+3.1$2.9918.5View →
2023 Q42024-02-01+10.7$3.0215.1View →
2023 Q32023-11-09+9.5$3.1816.3View →
2023 Q22023-08-04+9.8$3.2317.6View →