Subtext

DexCom, Inc. DXCM

SectorHealth Care
Transcripts21
Date range2020-04-28 – 2025-05-01
Calls charted21

Sentiment timeline

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

-17-8+0+8+172020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: +5.42020 Q2 · Overall: +10.22020 Q3 · Overall: +12.12020 Q4 · Overall: +12.72021 Q1 · Overall: +8.82021 Q2 · Overall: +14.72021 Q3 · Overall: +7.22021 Q4 · Overall: +7.62022 Q1 · Overall: +6.42022 Q2 · Overall: +8.72022 Q3 · Overall: +9.32022 Q4 · Overall: +5.82023 Q1 · Overall: +10.72023 Q2 · Overall: +8.52023 Q3 · Overall: +11.42023 Q4 · Overall: +8.02024 Q1 · Overall: -2.12024 Q2 · Overall: -2.02024 Q3 · Overall: +8.42024 Q4 · Overall: +6.62025 Q1 · Overall: +9.3
Overall

CEO vs CFO

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

-29-14+0+14+292020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · CEO: +3.72020 Q2 · CEO: +12.02020 Q3 · CEO: +15.72020 Q4 · CEO: +15.82021 Q1 · CEO: +18.82021 Q2 · CEO: +17.82021 Q3 · CEO: +14.72021 Q4 · CEO: +14.12022 Q1 · CEO: +14.82022 Q2 · CEO: +18.82022 Q3 · CEO: +12.62022 Q4 · CEO: +18.62023 Q1 · CEO: +25.02023 Q2 · CEO: +16.42023 Q3 · CEO: +19.82023 Q4 · CEO: +14.92024 Q1 · CEO: +11.52024 Q2 · CEO: +12.62024 Q3 · CEO: +20.62025 Q1 · CEO: +21.52021 Q1 · CFO: +1.82021 Q2 · CFO: +18.42021 Q3 · CFO: +9.42021 Q4 · CFO: +10.32022 Q1 · CFO: +7.02022 Q2 · CFO: +8.92022 Q3 · CFO: +15.92022 Q4 · CFO: +5.22023 Q1 · CFO: +8.32023 Q2 · CFO: +10.32023 Q3 · CFO: +13.62023 Q4 · CFO: +9.72024 Q1 · CFO: -3.32024 Q2 · CFO: -3.62024 Q3 · CFO: +5.62024 Q4 · CFO: +11.02025 Q1 · CFO: +10.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-27-13+0+13+272020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: +9.32020 Q2 · Prepared remarks: +15.82020 Q3 · Prepared remarks: +22.12020 Q4 · Prepared remarks: +23.32021 Q1 · Prepared remarks: +20.72021 Q2 · Prepared remarks: +22.02021 Q3 · Prepared remarks: +7.22021 Q4 · Prepared remarks: +18.52022 Q1 · Prepared remarks: +12.22022 Q2 · Prepared remarks: +17.22022 Q3 · Prepared remarks: +12.72022 Q4 · Prepared remarks: +14.12023 Q1 · Prepared remarks: +17.02023 Q2 · Prepared remarks: +14.32023 Q3 · Prepared remarks: +18.82023 Q4 · Prepared remarks: +16.02024 Q1 · Prepared remarks: +0.02024 Q2 · Prepared remarks: +13.92024 Q3 · Prepared remarks: +16.72024 Q4 · Prepared remarks: +12.02025 Q1 · Prepared remarks: +13.92020 Q1 · Q&A responses: +7.52020 Q2 · Q&A responses: +12.82020 Q3 · Q&A responses: +14.22020 Q4 · Q&A responses: +14.02021 Q1 · Q&A responses: +9.72021 Q2 · Q&A responses: +14.22021 Q4 · Q&A responses: +8.72022 Q1 · Q&A responses: +7.02022 Q2 · Q&A responses: +8.52022 Q3 · Q&A responses: +15.62022 Q4 · Q&A responses: +8.92023 Q1 · Q&A responses: +15.52023 Q2 · Q&A responses: +11.52023 Q3 · Q&A responses: +13.42023 Q4 · Q&A responses: +9.52024 Q1 · Q&A responses: +5.02024 Q2 · Q&A responses: -1.32024 Q3 · Q&A responses: +12.42024 Q4 · Q&A responses: +11.32025 Q1 · Q&A responses: +12.3
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

$0.50$1.32$2.142020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: $0.612020 Q2: $0.662020 Q3: $0.782020 Q4: $0.822021 Q1: $0.652021 Q2: $0.692021 Q3: $0.812021 Q4: $0.912022 Q1: $0.942022 Q2: $0.992022 Q3: $1.032022 Q4: $1.082023 Q1: $1.132023 Q2: $1.292023 Q3: $1.522023 Q4: $1.712024 Q1: $1.872024 Q2: $2.022024 Q3: $1.94

Forward P/E

25.13102.51179.902020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: 78.022020 Q2: 152.712020 Q3: 126.662020 Q4: 107.432021 Q1: 134.762021 Q2: 145.242021 Q3: 169.232021 Q4: 148.702022 Q1: 115.692022 Q2: 71.872022 Q3: 88.152022 Q4: 112.492023 Q1: 100.422023 Q2: 98.122023 Q3: 69.342023 Q4: 71.512024 Q1: 70.422024 Q2: 57.602024 Q3: 35.80

Divergence watch ⚑

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

  • 2021 Q3 tone ↓ -7.6 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↓ -3.4 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -2.2 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -3.4 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -10.1 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↑ +10.4 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+9.3——View →
2024 Q42025-02-13+6.6——View →
2024 Q32024-10-24+8.4$1.9435.8View →
2024 Q22024-07-25-2.0$2.0257.6View →
2024 Q12024-04-25-2.1$1.8770.4View →
2023 Q42024-02-08+8.0$1.7171.5View →
2023 Q32023-10-26+11.4$1.5269.3View →
2023 Q22023-07-27+8.5$1.2998.1View →