Subtext

Dow Inc. DOW

SectorMaterials
Transcripts66
Date range2007-07-27 – 2025-04-24
Calls charted66

Sentiment timeline

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

-18-9+0+9+182007 Q22009 Q32011 Q42014 Q12016 Q22020 Q12022 Q22024 Q32007 Q2 · Overall: +7.02007 Q3 · Overall: -2.12007 Q4 · Overall: +5.12008 Q1 · Overall: +3.62008 Q2 · Overall: +2.22008 Q3 · Overall: -1.52008 Q4 · Overall: -11.02009 Q1 · Overall: +2.22009 Q2 · Overall: +8.92009 Q3 · Overall: +8.72009 Q4 · Overall: +7.22010 Q1 · Overall: +14.92010 Q2 · Overall: +7.32010 Q3 · Overall: +9.22010 Q4 · Overall: +10.62011 Q1 · Overall: +8.52011 Q2 · Overall: +13.92011 Q3 · Overall: +8.22011 Q4 · Overall: +11.72012 Q1 · Overall: +10.32012 Q2 · Overall: -0.22012 Q3 · Overall: +1.12012 Q4 · Overall: -0.12013 Q1 · Overall: +10.92013 Q2 · Overall: +7.42013 Q3 · Overall: +3.72013 Q4 · Overall: +11.02014 Q1 · Overall: +8.52014 Q2 · Overall: +11.72014 Q3 · Overall: +9.52014 Q4 · Overall: +8.52015 Q1 · Overall: +10.02015 Q2 · Overall: +6.62015 Q3 · Overall: +7.52015 Q4 · Overall: +9.02016 Q1 · Overall: +11.62016 Q2 · Overall: +8.52016 Q3 · Overall: +11.82016 Q4 · Overall: +11.42017 Q1 · Overall: +12.82017 Q2 · Overall: +15.22019 Q1 · Overall: +3.12019 Q2 · Overall: -1.02019 Q3 · Overall: +7.22019 Q4 · Overall: +9.82020 Q1 · Overall: +2.42020 Q2 · Overall: +6.72020 Q3 · Overall: +16.02020 Q4 · Overall: +15.92021 Q1 · Overall: +15.32021 Q2 · Overall: +13.32021 Q3 · Overall: +8.02021 Q4 · Overall: +15.92022 Q1 · Overall: +13.72022 Q2 · Overall: +8.62022 Q3 · Overall: +4.92022 Q4 · Overall: +5.02023 Q1 · Overall: +7.62023 Q2 · Overall: +5.42023 Q3 · Overall: +11.92023 Q4 · Overall: +10.52024 Q1 · Overall: +9.12024 Q2 · Overall: +7.92024 Q3 · Overall: +6.22024 Q4 · Overall: +5.22025 Q1 · Overall: +2.7
Overall

CEO vs CFO

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

-32-16+0+16+322007 Q22009 Q32011 Q42014 Q12016 Q22020 Q12022 Q22024 Q32007 Q2 · CEO: +5.02007 Q3 · CEO: -5.62007 Q4 · CEO: +7.02008 Q1 · CEO: -2.72008 Q2 · CEO: +5.02008 Q3 · CEO: -6.22008 Q4 · CEO: -11.42009 Q1 · CEO: +1.82009 Q2 · CEO: +10.32009 Q3 · CEO: +11.02009 Q4 · CEO: +9.52010 Q1 · CEO: +18.62010 Q2 · CEO: +10.72010 Q3 · CEO: +11.22010 Q4 · CEO: +14.62011 Q1 · CEO: +12.52011 Q2 · CEO: +17.02011 Q3 · CEO: +9.52011 Q4 · CEO: +17.12012 Q1 · CEO: +14.92012 Q2 · CEO: +2.12012 Q3 · CEO: +5.12012 Q4 · CEO: +6.02013 Q1 · CEO: +17.02013 Q2 · CEO: +9.52013 Q3 · CEO: +6.02013 Q4 · CEO: +14.02014 Q1 · CEO: +10.52014 Q2 · CEO: +16.12014 Q3 · CEO: +2.32014 Q4 · CEO: +0.82015 Q1 · CEO: -2.92015 Q2 · CEO: +4.72015 Q3 · CEO: +13.52015 Q4 · CEO: +15.62016 Q1 · CEO: +17.72016 Q2 · CEO: +5.32016 Q3 · CEO: +8.52016 Q4 · CEO: +8.92017 Q1 · CEO: +15.92017 Q2 · CEO: +13.22019 Q3 · CEO: +8.12019 Q4 · CEO: +13.82020 Q1 · CEO: +4.62020 Q2 · CEO: +12.62020 Q3 · CEO: +19.32020 Q4 · CEO: +19.32021 Q1 · CEO: +22.42021 Q2 · CEO: +17.92021 Q3 · CEO: +15.12021 Q4 · CEO: +21.92022 Q1 · CEO: +20.12022 Q2 · CEO: +16.32022 Q3 · CEO: +11.32022 Q4 · CEO: +9.72023 Q1 · CEO: +11.32023 Q2 · CEO: +12.22023 Q3 · CEO: +17.22023 Q4 · CEO: +12.72024 Q1 · CEO: +23.92024 Q2 · CEO: +11.02024 Q3 · CEO: +11.42024 Q4 · CEO: +11.02025 Q1 · CEO: +2.82007 Q2 · CFO: +8.62007 Q3 · CFO: +6.82007 Q4 · CFO: +14.72008 Q1 · CFO: +6.12008 Q2 · CFO: +7.02008 Q3 · CFO: +2.92008 Q4 · CFO: +4.62009 Q1 · CFO: +14.02009 Q2 · CFO: +7.22009 Q3 · CFO: +12.62009 Q4 · CFO: +6.72010 Q1 · CFO: +13.32010 Q2 · CFO: +12.32010 Q3 · CFO: +20.92010 Q4 · CFO: +19.52011 Q1 · CFO: +17.72011 Q2 · CFO: +20.92011 Q3 · CFO: +15.62011 Q4 · CFO: +3.32012 Q1 · CFO: +15.42012 Q2 · CFO: -3.42012 Q3 · CFO: +4.52012 Q4 · CFO: -14.22013 Q1 · CFO: +6.22014 Q2 · CFO: +3.22014 Q3 · CFO: +17.22014 Q4 · CFO: +22.72015 Q1 · CFO: +19.52015 Q2 · CFO: +16.12015 Q3 · CFO: +6.22015 Q4 · CFO: +10.12016 Q1 · CFO: +19.92016 Q2 · CFO: +24.32016 Q3 · CFO: +20.42016 Q4 · CFO: +21.72017 Q1 · CFO: +9.82017 Q2 · CFO: +28.22019 Q3 · CFO: +7.82019 Q4 · CFO: +7.42020 Q1 · CFO: +2.02020 Q2 · CFO: +12.82020 Q3 · CFO: +21.12020 Q4 · CFO: +19.82021 Q1 · CFO: +10.72021 Q2 · CFO: +18.62021 Q3 · CFO: +7.62021 Q4 · CFO: +21.52022 Q1 · CFO: +23.82022 Q2 · CFO: +4.82022 Q3 · CFO: -2.22022 Q4 · CFO: +7.02023 Q1 · CFO: +8.12023 Q2 · CFO: -2.02023 Q3 · CFO: +15.82023 Q4 · CFO: +20.22024 Q1 · CFO: +17.62024 Q2 · CFO: +14.72024 Q3 · CFO: +10.52024 Q4 · CFO: +1.82025 Q1 · CFO: +4.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-51-25+0+25+512007 Q22009 Q32011 Q42014 Q12016 Q22020 Q12022 Q22024 Q32007 Q2 · Prepared remarks: +11.02007 Q3 · Prepared remarks: +4.02007 Q4 · Prepared remarks: +5.52008 Q1 · Prepared remarks: +9.62008 Q2 · Prepared remarks: +1.92008 Q3 · Prepared remarks: +4.42008 Q4 · Prepared remarks: -13.02009 Q1 · Prepared remarks: +6.32009 Q2 · Prepared remarks: +15.12009 Q3 · Prepared remarks: +17.62009 Q4 · Prepared remarks: +14.32010 Q1 · Prepared remarks: +26.02010 Q2 · Prepared remarks: +15.62010 Q3 · Prepared remarks: +22.32010 Q4 · Prepared remarks: +24.02011 Q1 · Prepared remarks: +24.72011 Q2 · Prepared remarks: +26.32011 Q3 · Prepared remarks: +8.22011 Q4 · Prepared remarks: +13.32012 Q1 · Prepared remarks: +11.82012 Q2 · Prepared remarks: +9.92012 Q3 · Prepared remarks: +9.52012 Q4 · Prepared remarks: +9.02013 Q1 · Prepared remarks: +22.62013 Q2 · Prepared remarks: +17.62013 Q3 · Prepared remarks: +14.62013 Q4 · Prepared remarks: +19.82014 Q1 · Prepared remarks: +22.22014 Q2 · Prepared remarks: +24.92014 Q3 · Prepared remarks: +25.92014 Q4 · Prepared remarks: +21.32015 Q1 · Prepared remarks: +16.62015 Q2 · Prepared remarks: +14.92015 Q3 · Prepared remarks: +13.42015 Q4 · Prepared remarks: +14.42016 Q1 · Prepared remarks: +19.52016 Q2 · Prepared remarks: +15.22016 Q3 · Prepared remarks: +23.92016 Q4 · Prepared remarks: +23.52017 Q1 · Prepared remarks: +25.32017 Q2 · Prepared remarks: +28.12019 Q1 · Prepared remarks: +20.82019 Q2 · Prepared remarks: +0.02019 Q3 · Prepared remarks: +9.52019 Q4 · Prepared remarks: +10.02020 Q1 · Prepared remarks: +7.12020 Q2 · Prepared remarks: +17.52020 Q3 · Prepared remarks: +26.62020 Q4 · Prepared remarks: +27.62021 Q1 · Prepared remarks: +25.42021 Q2 · Prepared remarks: +30.22021 Q3 · Prepared remarks: +18.12021 Q4 · Prepared remarks: +24.52022 Q1 · Prepared remarks: +31.42022 Q2 · Prepared remarks: +18.82022 Q3 · Prepared remarks: +13.82022 Q4 · Prepared remarks: +9.92023 Q1 · Prepared remarks: +9.32023 Q2 · Prepared remarks: +5.62023 Q3 · Prepared remarks: +16.22023 Q4 · Prepared remarks: +12.92024 Q1 · Prepared remarks: +44.12024 Q2 · Prepared remarks: +16.62024 Q3 · Prepared remarks: +5.02024 Q4 · Prepared remarks: +11.22025 Q1 · Prepared remarks: +7.32007 Q2 · Q&A responses: +4.22007 Q3 · Q&A responses: -2.72007 Q4 · Q&A responses: +6.62008 Q1 · Q&A responses: -1.52008 Q3 · Q&A responses: -5.72008 Q4 · Q&A responses: -7.32009 Q1 · Q&A responses: +0.02009 Q2 · Q&A responses: +3.62009 Q3 · Q&A responses: +0.62009 Q4 · Q&A responses: +0.52010 Q1 · Q&A responses: +6.12010 Q2 · Q&A responses: +2.62010 Q3 · Q&A responses: +1.52010 Q4 · Q&A responses: +5.52011 Q1 · Q&A responses: -1.62011 Q2 · Q&A responses: +4.42011 Q4 · Q&A responses: +2.52012 Q1 · Q&A responses: -8.82012 Q2 · Q&A responses: -9.02012 Q3 · Q&A responses: -0.72012 Q4 · Q&A responses: -6.62013 Q1 · Q&A responses: +0.32013 Q2 · Q&A responses: +2.12013 Q3 · Q&A responses: -1.22013 Q4 · Q&A responses: +4.42014 Q1 · Q&A responses: -3.72014 Q2 · Q&A responses: +4.22014 Q3 · Q&A responses: -2.92014 Q4 · Q&A responses: -1.82015 Q1 · Q&A responses: -4.92015 Q2 · Q&A responses: +3.52015 Q3 · Q&A responses: +3.62015 Q4 · Q&A responses: +9.22016 Q1 · Q&A responses: +8.82016 Q2 · Q&A responses: +6.02016 Q3 · Q&A responses: +7.42016 Q4 · Q&A responses: +6.22017 Q1 · Q&A responses: +5.92017 Q2 · Q&A responses: +5.72019 Q1 · Q&A responses: +3.52019 Q2 · Q&A responses: +0.02019 Q3 · Q&A responses: +7.72019 Q4 · Q&A responses: +11.02020 Q1 · Q&A responses: -2.02020 Q2 · Q&A responses: +6.82020 Q3 · Q&A responses: +9.72020 Q4 · Q&A responses: +8.62021 Q1 · Q&A responses: +10.72021 Q2 · Q&A responses: +6.52021 Q3 · Q&A responses: +5.32021 Q4 · Q&A responses: +16.62022 Q1 · Q&A responses: +10.02022 Q2 · Q&A responses: +8.12022 Q3 · Q&A responses: +4.82022 Q4 · Q&A responses: +7.12023 Q1 · Q&A responses: +10.22023 Q2 · Q&A responses: +8.82023 Q3 · Q&A responses: +15.62023 Q4 · Q&A responses: +13.22024 Q1 · Q&A responses: +17.32024 Q2 · Q&A responses: +8.22024 Q3 · Q&A responses: +13.32024 Q4 · Q&A responses: +6.62025 Q1 · Q&A responses: +4.5
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

$1.38$4.85$8.322007 Q22009 Q32011 Q42014 Q12016 Q22020 Q12022 Q22024 Q32019 Q2: $4.832019 Q3: $4.172019 Q4: $4.172020 Q1: $3.092020 Q2: $1.852020 Q3: $1.902020 Q4: $2.762021 Q1: $3.792021 Q2: $6.052021 Q3: $6.762021 Q4: $6.452022 Q1: $6.702022 Q2: $7.842022 Q3: $6.862022 Q4: $4.382023 Q1: $3.672023 Q2: $3.922023 Q3: $3.502023 Q4: $3.272024 Q1: $3.352024 Q2: $3.582024 Q3: $3.332024 Q4: $2.88

Forward P/E

5.3116.5527.782007 Q22009 Q32011 Q42014 Q12016 Q22020 Q12022 Q22024 Q32019 Q2: 10.032019 Q3: 11.412019 Q4: 13.012020 Q1: 8.562020 Q2: 22.192020 Q3: 26.232020 Q4: 19.502021 Q1: 17.442021 Q2: 10.832021 Q3: 8.902021 Q4: 8.382022 Q1: 8.912022 Q2: 7.322022 Q3: 6.862022 Q4: 11.732023 Q1: 13.742023 Q2: 13.492023 Q3: 15.102023 Q4: 16.002024 Q1: 17.292024 Q2: 15.512024 Q3: 15.482024 Q4: 13.94

Divergence watch ⚑

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

  • 2019 Q3 tone ↑ +8.2 fwd EPS ↓ -0.67 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +4.3 fwd EPS ↓ -1.23 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -5.3 fwd EPS ↑ +0.71 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↑ +7.9 fwd EPS ↓ -0.31 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↓ -2.2 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -5.1 fwd EPS ↑ +1.15 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +2.6 fwd EPS ↓ -0.71 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -2.2 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↑ +6.5 fwd EPS ↓ -0.42 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+2.7——View →
2024 Q42025-01-30+5.2$2.8813.9View →
2024 Q32024-10-24+6.2$3.3315.5View →
2024 Q22024-07-25+7.9$3.5815.5View →
2024 Q12024-04-25+9.1$3.3517.3View →
2023 Q42024-01-25+10.5$3.2716.0View →
2023 Q32023-10-24+11.9$3.5015.1View →
2023 Q22023-07-25+5.4$3.9213.5View →