Subtext

Caesars Entertainment, Inc. CZR

SectorConsumer Discretionary
Transcripts21
Date range2020-05-12 – 2025-04-29
Calls charted21

Sentiment timeline

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

-11-6+0+6+112020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: -2.42020 Q2 · Overall: +0.52020 Q3 · Overall: +5.12020 Q4 · Overall: +1.52021 Q1 · Overall: +3.32021 Q2 · Overall: +7.42021 Q3 · Overall: +8.92021 Q4 · Overall: +4.72022 Q1 · Overall: +6.32022 Q2 · Overall: +1.52022 Q3 · Overall: +8.02022 Q4 · Overall: +7.12023 Q1 · Overall: +8.62023 Q2 · Overall: +8.22023 Q3 · Overall: +9.92023 Q4 · Overall: +4.82024 Q1 · Overall: -0.42024 Q2 · Overall: +4.02024 Q3 · Overall: +4.52024 Q4 · Overall: +6.02025 Q1 · Overall: +7.6
Overall

CEO vs CFO

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

-24-12+0+12+242020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · CEO: -1.92020 Q2 · CEO: +4.22020 Q3 · CEO: +5.92020 Q4 · CEO: +2.12021 Q1 · CEO: +5.02021 Q2 · CEO: +7.52021 Q3 · CEO: +13.12021 Q4 · CEO: +6.02022 Q1 · CEO: +4.82022 Q2 · CEO: +2.22022 Q3 · CEO: +11.62022 Q4 · CEO: +5.82023 Q1 · CEO: +9.32023 Q2 · CEO: +9.42023 Q3 · CEO: +6.22023 Q4 · CEO: +3.52024 Q1 · CEO: +0.62024 Q2 · CEO: +7.42024 Q3 · CEO: +2.72024 Q4 · CEO: +5.82025 Q1 · CEO: +8.02020 Q1 · CFO: -1.02020 Q2 · CFO: -5.22020 Q3 · CFO: +6.62020 Q4 · CFO: +0.02021 Q1 · CFO: -20.72021 Q2 · CFO: +17.02021 Q3 · CFO: +13.42021 Q4 · CFO: +7.22022 Q1 · CFO: -5.02022 Q2 · CFO: +9.92022 Q3 · CFO: +3.72022 Q4 · CFO: +0.02023 Q1 · CFO: +5.62023 Q2 · CFO: -16.72023 Q3 · CFO: +0.02023 Q4 · CFO: +13.72024 Q1 · CFO: +0.02024 Q2 · CFO: +0.02024 Q3 · CFO: -4.52024 Q4 · CFO: +12.82025 Q1 · CFO: +0.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-23-11+0+11+232020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: -10.12020 Q2 · Prepared remarks: +2.72020 Q3 · Prepared remarks: +6.22020 Q4 · Prepared remarks: +4.02021 Q1 · Prepared remarks: +7.02021 Q2 · Prepared remarks: +9.22021 Q3 · Prepared remarks: +14.52021 Q4 · Prepared remarks: +9.02022 Q1 · Prepared remarks: +5.92022 Q2 · Prepared remarks: +6.72022 Q3 · Prepared remarks: +12.62022 Q4 · Prepared remarks: +14.82023 Q1 · Prepared remarks: +11.62023 Q2 · Prepared remarks: +18.92023 Q3 · Prepared remarks: +19.72023 Q4 · Prepared remarks: +14.52024 Q1 · Prepared remarks: +4.62024 Q2 · Prepared remarks: +17.82024 Q3 · Prepared remarks: +7.52024 Q4 · Prepared remarks: +8.32025 Q1 · Prepared remarks: +11.02020 Q1 · Q&A responses: +6.92020 Q2 · Q&A responses: +2.82020 Q3 · Q&A responses: +8.02020 Q4 · Q&A responses: +3.32021 Q1 · Q&A responses: +3.92021 Q2 · Q&A responses: +9.62021 Q3 · Q&A responses: +8.22021 Q4 · Q&A responses: +6.12022 Q1 · Q&A responses: +8.12022 Q2 · Q&A responses: +3.82022 Q3 · Q&A responses: +9.52022 Q4 · Q&A responses: +6.42023 Q1 · Q&A responses: +11.62023 Q2 · Q&A responses: +3.12023 Q3 · Q&A responses: +10.62023 Q4 · Q&A responses: +4.62024 Q1 · Q&A responses: +5.42024 Q2 · Q&A responses: +4.42024 Q3 · Q&A responses: +7.32024 Q4 · Q&A responses: +8.42025 Q1 · Q&A responses: +12.7
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

$-5.80$-1.25$3.292020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: $1.662020 Q2: $-5.172020 Q3: $-3.072020 Q4: $-3.152021 Q1: $-3.112021 Q2: $-0.182021 Q3: $0.672021 Q4: $1.302022 Q1: $-0.462022 Q2: $-0.392022 Q3: $-0.402022 Q4: $0.862023 Q1: $1.272023 Q2: $1.302023 Q3: $2.672023 Q4: $1.502024 Q1: $1.592024 Q2: $0.902024 Q3: $0.77

Forward P/E

-38.96274.57588.112020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: 4.292020 Q2: 228.432021 Q3: 160.792021 Q4: 67.052022 Q1: 61.162022 Q3: 544.862022 Q4: 57.782023 Q1: 34.912023 Q2: 37.842023 Q3: 19.642023 Q4: 31.212024 Q1: 26.212024 Q2: 41.582024 Q3: 52.47

Divergence watch ⚑

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

  • 2020 Q2 tone ↑ +2.9 fwd EPS ↓ -6.83 Tone rose while the forward EPS estimate was cut.
  • 2021 Q4 tone ↓ -4.2 fwd EPS ↑ +0.63 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -4.8 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +6.5 fwd EPS ↓ -0.01 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -5.3 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↑ +4.5 fwd EPS ↓ -0.69 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+7.6——View →
2024 Q42025-02-25+6.0——View →
2024 Q32024-10-29+4.5$0.7752.5View →
2024 Q22024-07-30+4.0$0.9041.6View →
2024 Q12024-04-30-0.4$1.5926.2View →
2023 Q42024-02-20+4.8$1.5031.2View →
2023 Q32023-10-31+9.9$2.6719.6View →
2023 Q22023-08-01+8.2$1.3037.8View →