Subtext

DaVita Inc. DVA

SectorHealth Care
Transcripts68
Date range2008-04-30 – 2025-05-12
Calls charted68

Sentiment timeline

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

-12-6+0+6+122008 Q12010 Q22012 Q32014 Q42017 Q22019 Q32021 Q42024 Q12008 Q1 · Overall: -4.62008 Q2 · Overall: -1.42008 Q3 · Overall: -4.92008 Q4 · Overall: -0.82009 Q1 · Overall: -4.42009 Q2 · Overall: -5.02009 Q3 · Overall: -1.62009 Q4 · Overall: +1.02010 Q1 · Overall: -4.52010 Q2 · Overall: -6.42010 Q3 · Overall: -0.52010 Q4 · Overall: -6.32011 Q1 · Overall: -0.52011 Q2 · Overall: -2.32011 Q3 · Overall: -10.72011 Q4 · Overall: -3.12012 Q1 · Overall: -4.72012 Q2 · Overall: -1.82012 Q3 · Overall: -0.22012 Q4 · Overall: -4.72013 Q1 · Overall: -6.82013 Q2 · Overall: -4.62013 Q3 · Overall: -1.32013 Q4 · Overall: -4.52014 Q1 · Overall: -1.82014 Q2 · Overall: +4.42014 Q3 · Overall: +1.82014 Q4 · Overall: -0.92015 Q2 · Overall: +3.32015 Q3 · Overall: +2.12015 Q4 · Overall: +6.12016 Q1 · Overall: -1.52016 Q2 · Overall: -1.22016 Q3 · Overall: -4.22016 Q4 · Overall: -1.02017 Q1 · Overall: -2.52017 Q2 · Overall: -3.12017 Q3 · Overall: -5.82017 Q4 · Overall: -2.42018 Q1 · Overall: +4.72018 Q2 · Overall: -3.92018 Q3 · Overall: -5.82018 Q4 · Overall: -0.62019 Q1 · Overall: +2.52019 Q2 · Overall: -1.02019 Q3 · Overall: +0.02019 Q4 · Overall: +3.52020 Q1 · Overall: -4.12020 Q2 · Overall: -0.72020 Q3 · Overall: -1.72020 Q4 · Overall: -1.72021 Q1 · Overall: -2.32021 Q2 · Overall: +7.72021 Q3 · Overall: +2.92021 Q4 · Overall: -3.12022 Q1 · Overall: +0.42022 Q2 · Overall: +0.62022 Q3 · Overall: -4.42022 Q4 · Overall: +3.92023 Q1 · Overall: +5.22023 Q2 · Overall: +5.82023 Q3 · Overall: +0.72023 Q4 · Overall: +2.82024 Q1 · Overall: +3.02024 Q2 · Overall: -0.72024 Q3 · Overall: -2.32024 Q4 · Overall: -3.02025 Q1 · Overall: -4.4
Overall

CEO vs CFO

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

-22-11+0+11+222008 Q12010 Q22012 Q32014 Q42017 Q22019 Q32021 Q42024 Q12008 Q1 · CEO: -1.22008 Q2 · CEO: +1.72008 Q3 · CEO: -3.32008 Q4 · CEO: +3.82009 Q1 · CEO: -0.82009 Q3 · CEO: +8.12009 Q4 · CEO: +2.52010 Q1 · CEO: -3.92010 Q2 · CEO: -5.12010 Q3 · CEO: +1.62010 Q4 · CEO: +1.12011 Q1 · CEO: -1.72011 Q2 · CEO: +0.52011 Q3 · CEO: -7.52011 Q4 · CEO: -0.82012 Q1 · CEO: -2.02012 Q2 · CEO: +1.02012 Q3 · CEO: +2.52012 Q4 · CEO: -0.32013 Q1 · CEO: -3.52013 Q2 · CEO: -0.72013 Q3 · CEO: +1.62013 Q4 · CEO: +0.32014 Q1 · CEO: -0.52014 Q2 · CEO: +6.02014 Q3 · CEO: +3.22014 Q4 · CEO: +1.02015 Q2 · CEO: +11.22015 Q3 · CEO: +6.02015 Q4 · CEO: +8.62016 Q1 · CEO: +0.52016 Q2 · CEO: -5.42016 Q3 · CEO: -3.12016 Q4 · CEO: +1.92017 Q1 · CEO: +1.92017 Q2 · CEO: +7.92017 Q3 · CEO: -4.42017 Q4 · CEO: +4.32018 Q1 · CEO: +9.62018 Q2 · CEO: -5.62018 Q3 · CEO: -4.72018 Q4 · CEO: +4.32019 Q1 · CEO: +14.62019 Q2 · CEO: +1.32019 Q3 · CEO: +6.52019 Q4 · CEO: +5.62020 Q1 · CEO: -1.82020 Q2 · CEO: +3.22020 Q3 · CEO: +11.52020 Q4 · CEO: +6.02021 Q1 · CEO: -1.52021 Q2 · CEO: +14.62021 Q3 · CEO: +9.02021 Q4 · CEO: -2.02022 Q1 · CEO: +8.62022 Q2 · CEO: +0.52022 Q3 · CEO: -3.82022 Q4 · CEO: +9.82023 Q1 · CEO: +9.92023 Q2 · CEO: +6.22023 Q3 · CEO: +5.22023 Q4 · CEO: +12.72024 Q1 · CEO: +5.62024 Q2 · CEO: +2.72024 Q3 · CEO: +1.02025 Q1 · CEO: +0.02008 Q1 · CFO: -3.72008 Q2 · CFO: +0.72008 Q3 · CFO: +1.42008 Q4 · CFO: -2.52009 Q1 · CFO: -2.22009 Q2 · CFO: -0.52009 Q3 · CFO: -2.92009 Q4 · CFO: -1.32010 Q1 · CFO: +0.02010 Q2 · CFO: -10.12010 Q3 · CFO: +6.52010 Q4 · CFO: -9.42011 Q1 · CFO: +2.42011 Q2 · CFO: -0.82011 Q3 · CFO: -19.02011 Q4 · CFO: -8.52012 Q1 · CFO: +0.02012 Q2 · CFO: +6.42012 Q3 · CFO: +6.22012 Q4 · CFO: -6.12013 Q1 · CFO: -5.62013 Q2 · CFO: +2.32013 Q3 · CFO: -1.12013 Q4 · CFO: -12.32014 Q1 · CFO: +3.42014 Q2 · CFO: +4.12014 Q3 · CFO: +13.02014 Q4 · CFO: +1.22015 Q2 · CFO: +3.82015 Q3 · CFO: -3.02015 Q4 · CFO: +2.32016 Q1 · CFO: +2.72016 Q2 · CFO: -0.82016 Q3 · CFO: +1.52016 Q4 · CFO: -1.62017 Q1 · CFO: -2.42017 Q2 · CFO: -10.92017 Q3 · CFO: -4.92017 Q4 · CFO: -2.32018 Q1 · CFO: +5.22018 Q2 · CFO: -1.12018 Q3 · CFO: -3.12018 Q4 · CFO: +0.52019 Q1 · CFO: -8.42019 Q2 · CFO: +0.02019 Q3 · CFO: -1.02019 Q4 · CFO: +7.02020 Q1 · CFO: -10.52020 Q2 · CFO: -5.92020 Q3 · CFO: -0.72020 Q4 · CFO: -6.02021 Q1 · CFO: -4.42021 Q2 · CFO: +5.32021 Q3 · CFO: -2.12021 Q4 · CFO: +2.12022 Q1 · CFO: -3.12022 Q2 · CFO: +2.82022 Q3 · CFO: -5.32022 Q4 · CFO: -0.62023 Q1 · CFO: +6.72023 Q2 · CFO: +13.22023 Q3 · CFO: +2.22023 Q4 · CFO: -3.12024 Q1 · CFO: +0.02024 Q2 · CFO: -6.22024 Q3 · CFO: -6.82025 Q1 · CFO: -8.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-19-9+0+9+192008 Q12010 Q22012 Q32014 Q42017 Q22019 Q32021 Q42024 Q12008 Q1 · Prepared remarks: -2.92008 Q2 · Prepared remarks: +8.12008 Q3 · Prepared remarks: +1.02008 Q4 · Prepared remarks: -0.22009 Q1 · Prepared remarks: +0.02009 Q2 · Prepared remarks: +0.92009 Q3 · Prepared remarks: +0.02009 Q4 · Prepared remarks: +1.22010 Q1 · Prepared remarks: -2.42010 Q2 · Prepared remarks: -8.22010 Q3 · Prepared remarks: +8.02010 Q4 · Prepared remarks: +4.02011 Q1 · Prepared remarks: -0.42011 Q2 · Prepared remarks: +2.32011 Q3 · Prepared remarks: -16.52011 Q4 · Prepared remarks: +5.02012 Q1 · Prepared remarks: +6.62012 Q2 · Prepared remarks: +7.22012 Q3 · Prepared remarks: +8.92012 Q4 · Prepared remarks: +2.52013 Q1 · Prepared remarks: -7.02013 Q2 · Prepared remarks: +3.22013 Q3 · Prepared remarks: +5.42013 Q4 · Prepared remarks: +1.12014 Q1 · Prepared remarks: -5.02014 Q2 · Prepared remarks: +9.92014 Q3 · Prepared remarks: +9.22014 Q4 · Prepared remarks: +8.12015 Q2 · Prepared remarks: +14.52015 Q3 · Prepared remarks: +7.62015 Q4 · Prepared remarks: +8.72016 Q1 · Prepared remarks: +5.02016 Q2 · Prepared remarks: +14.52016 Q3 · Prepared remarks: -1.52016 Q4 · Prepared remarks: +2.92017 Q1 · Prepared remarks: +5.22017 Q2 · Prepared remarks: +7.52017 Q3 · Prepared remarks: -4.92017 Q4 · Prepared remarks: +3.92018 Q1 · Prepared remarks: +7.62018 Q2 · Prepared remarks: -0.52018 Q3 · Prepared remarks: +0.52018 Q4 · Prepared remarks: +10.52019 Q1 · Prepared remarks: +7.92019 Q2 · Prepared remarks: -1.92019 Q3 · Prepared remarks: +8.42019 Q4 · Prepared remarks: +13.62020 Q1 · Prepared remarks: -8.32020 Q2 · Prepared remarks: +6.92020 Q3 · Prepared remarks: +11.72020 Q4 · Prepared remarks: +5.52021 Q1 · Prepared remarks: -3.52021 Q2 · Prepared remarks: +9.72021 Q3 · Prepared remarks: +4.12021 Q4 · Prepared remarks: -3.02022 Q1 · Prepared remarks: +6.72022 Q2 · Prepared remarks: +0.82022 Q3 · Prepared remarks: -4.52022 Q4 · Prepared remarks: +4.02023 Q1 · Prepared remarks: +6.42023 Q2 · Prepared remarks: +6.72023 Q3 · Prepared remarks: +9.32023 Q4 · Prepared remarks: +3.22024 Q1 · Prepared remarks: +3.52024 Q2 · Prepared remarks: -0.62024 Q3 · Prepared remarks: -2.12024 Q4 · Prepared remarks: -2.22025 Q1 · Prepared remarks: -4.12008 Q1 · Q&A responses: -1.22008 Q2 · Q&A responses: -0.22008 Q3 · Q&A responses: -4.22009 Q1 · Q&A responses: -3.12009 Q2 · Q&A responses: -2.12009 Q3 · Q&A responses: +2.72010 Q1 · Q&A responses: -4.12010 Q2 · Q&A responses: -5.12010 Q3 · Q&A responses: +0.02010 Q4 · Q&A responses: -5.12011 Q2 · Q&A responses: -0.72011 Q3 · Q&A responses: -6.02011 Q4 · Q&A responses: -2.72012 Q1 · Q&A responses: -3.12012 Q2 · Q&A responses: -1.62012 Q3 · Q&A responses: +0.22012 Q4 · Q&A responses: -4.62013 Q1 · Q&A responses: -4.32013 Q2 · Q&A responses: -4.02013 Q3 · Q&A responses: -2.62013 Q4 · Q&A responses: -4.72014 Q1 · Q&A responses: +3.02014 Q2 · Q&A responses: +3.62014 Q3 · Q&A responses: -0.32014 Q4 · Q&A responses: -3.52015 Q2 · Q&A responses: +0.02015 Q3 · Q&A responses: +2.02015 Q4 · Q&A responses: +5.72016 Q1 · Q&A responses: -6.12016 Q2 · Q&A responses: -5.12016 Q3 · Q&A responses: -2.02016 Q4 · Q&A responses: -2.12017 Q1 · Q&A responses: -3.42017 Q2 · Q&A responses: +1.22017 Q3 · Q&A responses: -3.82017 Q4 · Q&A responses: -3.72018 Q1 · Q&A responses: +6.52018 Q2 · Q&A responses: -5.92018 Q3 · Q&A responses: -5.72018 Q4 · Q&A responses: +0.42019 Q1 · Q&A responses: -0.22019 Q2 · Q&A responses: +5.12019 Q3 · Q&A responses: -1.72019 Q4 · Q&A responses: +3.02020 Q1 · Q&A responses: -2.72020 Q2 · Q&A responses: -3.82020 Q3 · Q&A responses: -0.32020 Q4 · Q&A responses: -3.12021 Q1 · Q&A responses: -2.52021 Q2 · Q&A responses: +9.52021 Q3 · Q&A responses: +4.32022 Q1 · Q&A responses: -4.92022 Q3 · Q&A responses: -3.72023 Q3 · Q&A responses: -1.4
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

$2.97$7.24$11.512008 Q12010 Q22012 Q32014 Q42017 Q22019 Q32021 Q42024 Q12014 Q1: $3.782014 Q2: $3.792014 Q3: $3.882014 Q4: $3.792015 Q2: $3.942015 Q3: $4.062015 Q4: $4.082016 Q1: $4.012016 Q2: $4.172016 Q3: $4.062016 Q4: $3.802017 Q1: $3.652017 Q2: $3.712017 Q3: $3.782017 Q4: $3.562018 Q1: $4.332018 Q2: $4.612018 Q3: $4.752018 Q4: $4.732019 Q1: $4.632019 Q2: $4.642019 Q3: $5.152019 Q4: $5.552020 Q1: $6.172020 Q2: $6.312020 Q3: $7.292020 Q4: $8.242021 Q1: $8.492021 Q2: $9.072021 Q3: $9.532021 Q4: $8.382022 Q1: $8.712022 Q2: $8.972022 Q3: $9.372022 Q4: $6.692023 Q1: $6.362023 Q2: $6.932023 Q3: $7.662023 Q4: $8.552024 Q1: $9.222024 Q2: $9.932024 Q3: $10.92

Forward P/E

8.8315.1221.422008 Q12010 Q22012 Q32014 Q42017 Q22019 Q32021 Q42024 Q12014 Q1: 18.482014 Q2: 18.612014 Q3: 19.042014 Q4: 19.612015 Q2: 20.552015 Q3: 18.672015 Q4: 16.702016 Q1: 17.492016 Q2: 18.072016 Q3: 15.602016 Q4: 16.792017 Q1: 18.902017 Q2: 17.762017 Q3: 15.832017 Q4: 20.032018 Q1: 16.172018 Q2: 15.412018 Q3: 14.772018 Q4: 11.292019 Q1: 11.562019 Q2: 11.052019 Q3: 11.902019 Q4: 13.232020 Q1: 12.192020 Q2: 12.402020 Q3: 12.602020 Q4: 13.722021 Q1: 12.692021 Q2: 13.542021 Q3: 12.792021 Q4: 12.552022 Q1: 12.902022 Q2: 10.042022 Q3: 9.702022 Q4: 11.172023 Q1: 11.952023 Q2: 14.062023 Q3: 13.212023 Q4: 12.732024 Q1: 14.992024 Q2: 14.332024 Q3: 14.94

Divergence watch ⚑

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

  • 2014 Q3 tone ↓ -2.6 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↑ +3.2 fwd EPS ↓ -0.26 Tone rose while the forward EPS estimate was cut.
  • 2017 Q3 tone ↓ -2.6 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↑ +3.3 fwd EPS ↓ -0.22 Tone rose while the forward EPS estimate was cut.
  • 2018 Q2 tone ↓ -8.7 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↑ +3.2 fwd EPS ↓ -0.10 Tone rose while the forward EPS estimate was cut.
  • 2020 Q1 tone ↓ -7.6 fwd EPS ↑ +0.62 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -4.7 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -5.0 fwd EPS ↑ +0.39 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +8.2 fwd EPS ↓ -2.68 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -5.1 fwd EPS ↑ +0.72 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↓ -3.7 fwd EPS ↑ +0.70 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-12-4.4——View →
2024 Q42025-02-13-3.0——View →
2024 Q32024-10-29-2.3$10.9214.9View →
2024 Q22024-08-06-0.7$9.9314.3View →
2024 Q12024-05-02+3.0$9.2215.0View →
2023 Q42024-02-13+2.8$8.5512.7View →
2023 Q32023-11-07+0.7$7.6613.2View →
2023 Q22023-08-03+5.8$6.9314.1View →