Subtext

The Estée Lauder Companies Inc. EL

SectorConsumer Staples
Transcripts78
Date range2005-11-01 – 2025-05-01
Calls charted78

Sentiment timeline

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

-31-16+0+16+312006 Q12008 Q32011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42006 Q1 · Overall: -1.82006 Q2 · Overall: +6.22006 Q3 · Overall: +8.52006 Q4 · Overall: +7.82007 Q1 · Overall: +5.12007 Q2 · Overall: +10.12007 Q3 · Overall: +8.52007 Q4 · Overall: +11.42008 Q1 · Overall: +11.72008 Q2 · Overall: +13.62008 Q3 · Overall: +12.52008 Q4 · Overall: +18.82009 Q1 · Overall: +5.52009 Q2 · Overall: +11.32009 Q3 · Overall: +7.82009 Q4 · Overall: +8.22010 Q1 · Overall: +13.32010 Q2 · Overall: +16.42010 Q3 · Overall: +18.02010 Q4 · Overall: +19.92011 Q2 · Overall: +20.52011 Q3 · Overall: +16.92011 Q4 · Overall: +20.62012 Q1 · Overall: +23.42012 Q2 · Overall: +17.32012 Q3 · Overall: +21.42012 Q4 · Overall: +19.02013 Q1 · Overall: +15.82013 Q2 · Overall: +14.32013 Q3 · Overall: +16.42013 Q4 · Overall: +18.72014 Q1 · Overall: +24.62014 Q2 · Overall: +16.82014 Q3 · Overall: +17.82014 Q4 · Overall: +27.02015 Q1 · Overall: +11.72015 Q2 · Overall: +10.62015 Q3 · Overall: +18.62015 Q4 · Overall: +16.12016 Q1 · Overall: +14.72016 Q2 · Overall: +15.22016 Q3 · Overall: +20.62016 Q4 · Overall: +11.02017 Q1 · Overall: +18.92017 Q2 · Overall: +14.42017 Q3 · Overall: +19.62017 Q4 · Overall: +20.82018 Q1 · Overall: +22.92018 Q2 · Overall: +24.62018 Q3 · Overall: +16.52018 Q4 · Overall: +18.42019 Q1 · Overall: +22.92019 Q2 · Overall: +23.02019 Q3 · Overall: +21.72019 Q4 · Overall: +19.72020 Q1 · Overall: +21.02020 Q2 · Overall: +13.42020 Q3 · Overall: +4.22020 Q4 · Overall: +5.72021 Q1 · Overall: +19.32021 Q2 · Overall: +14.52021 Q3 · Overall: +16.82021 Q4 · Overall: +18.72022 Q1 · Overall: +19.92022 Q2 · Overall: +15.82022 Q3 · Overall: +16.02022 Q4 · Overall: +15.82023 Q1 · Overall: +12.52023 Q2 · Overall: +18.62023 Q3 · Overall: +7.42023 Q4 · Overall: +15.72024 Q1 · Overall: +11.32024 Q2 · Overall: +16.62024 Q3 · Overall: +20.52024 Q4 · Overall: +12.92025 Q1 · Overall: +12.92025 Q2 · Overall: +18.42025 Q3 · Overall: +15.8
Overall

CEO vs CFO

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

-46-23+0+23+462006 Q12008 Q32011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42006 Q1 · CEO: -0.42006 Q2 · CEO: +10.62006 Q3 · CEO: +12.22006 Q4 · CEO: +17.92007 Q1 · CEO: +8.72007 Q2 · CEO: +11.22007 Q3 · CEO: +19.12007 Q4 · CEO: +22.62008 Q1 · CEO: +14.62008 Q2 · CEO: +16.12008 Q3 · CEO: +16.12008 Q4 · CEO: +31.62009 Q1 · CEO: +16.02009 Q2 · CEO: +16.32009 Q3 · CEO: +14.22009 Q4 · CEO: +20.92010 Q1 · CEO: +18.02010 Q2 · CEO: +13.12010 Q3 · CEO: +30.72010 Q4 · CEO: +29.72011 Q2 · CEO: +27.52011 Q3 · CEO: +26.82011 Q4 · CEO: +29.52012 Q1 · CEO: +33.22012 Q2 · CEO: +30.12012 Q3 · CEO: +30.22012 Q4 · CEO: +27.72013 Q1 · CEO: +23.42013 Q2 · CEO: +29.32013 Q3 · CEO: +23.92013 Q4 · CEO: +28.42014 Q1 · CEO: +39.82014 Q2 · CEO: +23.72014 Q3 · CEO: +31.52014 Q4 · CEO: +37.82015 Q1 · CEO: +22.02015 Q2 · CEO: +19.02015 Q3 · CEO: +29.52015 Q4 · CEO: +22.02016 Q4 · CEO: +18.82017 Q1 · CEO: +28.92017 Q2 · CEO: +32.92017 Q3 · CEO: +27.92017 Q4 · CEO: +36.82018 Q1 · CEO: +35.92018 Q2 · CEO: +30.42018 Q3 · CEO: +25.82018 Q4 · CEO: +21.62019 Q1 · CEO: +35.92019 Q2 · CEO: +38.12019 Q3 · CEO: +34.32019 Q4 · CEO: +24.62020 Q1 · CEO: +27.42020 Q2 · CEO: +19.02020 Q3 · CEO: +9.92020 Q4 · CEO: +18.02021 Q1 · CEO: +29.82021 Q2 · CEO: +25.22021 Q3 · CEO: +26.32021 Q4 · CEO: +29.62022 Q1 · CEO: +38.82022 Q2 · CEO: +31.52022 Q3 · CEO: +28.42022 Q4 · CEO: +36.42023 Q1 · CEO: +28.82023 Q2 · CEO: +32.82023 Q3 · CEO: +16.82023 Q4 · CEO: +33.52024 Q1 · CEO: +27.62024 Q2 · CEO: +32.42024 Q3 · CEO: +39.32024 Q4 · CEO: +28.62025 Q1 · CEO: +32.22025 Q2 · CEO: +27.72025 Q3 · CEO: +22.72006 Q1 · CFO: -5.52006 Q2 · CFO: +4.62006 Q3 · CFO: +13.82006 Q4 · CFO: +5.72007 Q1 · CFO: +5.42007 Q2 · CFO: +15.52007 Q3 · CFO: +5.52007 Q4 · CFO: +13.62008 Q3 · CFO: +9.12008 Q4 · CFO: +13.82009 Q1 · CFO: +3.02009 Q2 · CFO: -9.22009 Q3 · CFO: -5.92009 Q4 · CFO: -0.52010 Q1 · CFO: +10.72010 Q2 · CFO: +17.52010 Q3 · CFO: +5.22010 Q4 · CFO: +10.72011 Q2 · CFO: +22.22011 Q3 · CFO: +13.12011 Q4 · CFO: +20.02012 Q1 · CFO: +19.22012 Q2 · CFO: +4.32012 Q3 · CFO: +17.32012 Q4 · CFO: +17.32013 Q1 · CFO: +15.72013 Q2 · CFO: +11.42013 Q3 · CFO: +21.82013 Q4 · CFO: +17.72014 Q1 · CFO: +7.12014 Q2 · CFO: +20.92014 Q3 · CFO: +17.62014 Q4 · CFO: +18.32015 Q1 · CFO: +8.02015 Q2 · CFO: +6.32015 Q3 · CFO: +15.42015 Q4 · CFO: +19.52016 Q4 · CFO: +9.02017 Q1 · CFO: +10.42017 Q2 · CFO: -0.32017 Q3 · CFO: +13.52017 Q4 · CFO: +17.62018 Q1 · CFO: +16.42018 Q2 · CFO: +25.32018 Q3 · CFO: +11.72018 Q4 · CFO: +19.42019 Q1 · CFO: +13.62019 Q2 · CFO: +9.52019 Q3 · CFO: +14.32019 Q4 · CFO: +21.82020 Q1 · CFO: +18.72020 Q2 · CFO: +10.42020 Q3 · CFO: +0.42020 Q4 · CFO: -3.62021 Q1 · CFO: +8.72021 Q2 · CFO: +4.22021 Q3 · CFO: +10.62021 Q4 · CFO: +9.32022 Q1 · CFO: +10.12022 Q2 · CFO: +3.52022 Q3 · CFO: +3.32022 Q4 · CFO: +4.62023 Q1 · CFO: +0.62023 Q2 · CFO: +5.42023 Q3 · CFO: +6.02023 Q4 · CFO: +3.32024 Q1 · CFO: +4.22024 Q2 · CFO: +2.72024 Q3 · CFO: +10.52024 Q4 · CFO: +5.22025 Q1 · CFO: +4.02025 Q2 · CFO: +2.82025 Q3 · CFO: +11.1
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-46-23+0+23+462006 Q12008 Q32011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42006 Q1 · Prepared remarks: -2.12006 Q2 · Prepared remarks: +7.02006 Q3 · Prepared remarks: +20.72006 Q4 · Prepared remarks: +15.42007 Q1 · Prepared remarks: +12.52007 Q2 · Prepared remarks: +17.02007 Q3 · Prepared remarks: +16.12007 Q4 · Prepared remarks: +20.02008 Q1 · Prepared remarks: +17.02008 Q2 · Prepared remarks: +24.62008 Q3 · Prepared remarks: +24.32008 Q4 · Prepared remarks: +28.12009 Q1 · Prepared remarks: +10.42009 Q2 · Prepared remarks: +21.22009 Q3 · Prepared remarks: +11.12009 Q4 · Prepared remarks: +20.62010 Q1 · Prepared remarks: +20.82010 Q2 · Prepared remarks: +27.82010 Q3 · Prepared remarks: +28.02010 Q4 · Prepared remarks: +30.22011 Q2 · Prepared remarks: +32.32011 Q3 · Prepared remarks: +26.12011 Q4 · Prepared remarks: +32.62012 Q1 · Prepared remarks: +32.62012 Q2 · Prepared remarks: +30.52012 Q3 · Prepared remarks: +30.32012 Q4 · Prepared remarks: +26.42013 Q1 · Prepared remarks: +19.62013 Q2 · Prepared remarks: +24.72013 Q3 · Prepared remarks: +29.42013 Q4 · Prepared remarks: +28.12014 Q1 · Prepared remarks: +39.62014 Q2 · Prepared remarks: +28.72014 Q3 · Prepared remarks: +31.02014 Q4 · Prepared remarks: +37.72015 Q1 · Prepared remarks: +23.32015 Q2 · Prepared remarks: +33.92015 Q3 · Prepared remarks: +28.12015 Q4 · Prepared remarks: +26.72016 Q1 · Prepared remarks: +26.12016 Q2 · Prepared remarks: +21.02016 Q3 · Prepared remarks: +31.22016 Q4 · Prepared remarks: +20.62017 Q1 · Prepared remarks: +25.52017 Q2 · Prepared remarks: +21.82017 Q3 · Prepared remarks: +24.82017 Q4 · Prepared remarks: +30.22018 Q1 · Prepared remarks: +32.22018 Q2 · Prepared remarks: +34.62018 Q3 · Prepared remarks: +27.82018 Q4 · Prepared remarks: +25.82019 Q1 · Prepared remarks: +32.82019 Q2 · Prepared remarks: +32.32019 Q3 · Prepared remarks: +27.32019 Q4 · Prepared remarks: +31.82020 Q1 · Prepared remarks: +26.22020 Q2 · Prepared remarks: +21.32020 Q3 · Prepared remarks: +4.52020 Q4 · Prepared remarks: +11.32021 Q1 · Prepared remarks: +20.62021 Q2 · Prepared remarks: +23.82021 Q3 · Prepared remarks: +23.02021 Q4 · Prepared remarks: +20.22022 Q1 · Prepared remarks: +25.72022 Q2 · Prepared remarks: +19.52022 Q3 · Prepared remarks: +19.02022 Q4 · Prepared remarks: +20.02023 Q1 · Prepared remarks: +17.02023 Q2 · Prepared remarks: +22.42023 Q3 · Prepared remarks: +13.62023 Q4 · Prepared remarks: +19.82024 Q1 · Prepared remarks: +22.22024 Q2 · Prepared remarks: +14.92024 Q3 · Prepared remarks: +31.32024 Q4 · Prepared remarks: +16.82025 Q1 · Prepared remarks: +19.12025 Q2 · Prepared remarks: +17.32025 Q3 · Prepared remarks: +18.02006 Q2 · Q&A responses: -5.82006 Q3 · Q&A responses: +1.12006 Q4 · Q&A responses: +4.52007 Q1 · Q&A responses: +2.32007 Q2 · Q&A responses: +8.42007 Q3 · Q&A responses: +9.42007 Q4 · Q&A responses: +14.12008 Q1 · Q&A responses: +8.02008 Q2 · Q&A responses: +10.92008 Q3 · Q&A responses: +12.82008 Q4 · Q&A responses: +17.42009 Q1 · Q&A responses: +6.92009 Q2 · Q&A responses: +2.92009 Q3 · Q&A responses: +10.12009 Q4 · Q&A responses: +5.42010 Q1 · Q&A responses: +9.02010 Q2 · Q&A responses: +13.52010 Q3 · Q&A responses: +15.82010 Q4 · Q&A responses: +17.12011 Q2 · Q&A responses: +13.92011 Q3 · Q&A responses: +13.52011 Q4 · Q&A responses: +16.52012 Q1 · Q&A responses: +21.62012 Q2 · Q&A responses: +9.72012 Q3 · Q&A responses: +15.72012 Q4 · Q&A responses: +14.42013 Q1 · Q&A responses: +16.32013 Q2 · Q&A responses: +6.72013 Q3 · Q&A responses: +9.42013 Q4 · Q&A responses: +15.22014 Q1 · Q&A responses: +17.92014 Q2 · Q&A responses: +9.82014 Q3 · Q&A responses: +9.92014 Q4 · Q&A responses: +20.12015 Q1 · Q&A responses: +10.22015 Q2 · Q&A responses: +14.92015 Q3 · Q&A responses: +15.62015 Q4 · Q&A responses: +13.12016 Q1 · Q&A responses: +16.42016 Q2 · Q&A responses: +14.42016 Q3 · Q&A responses: +20.62016 Q4 · Q&A responses: +9.02017 Q1 · Q&A responses: +21.32017 Q2 · Q&A responses: +16.32017 Q3 · Q&A responses: +21.32017 Q4 · Q&A responses: +21.12018 Q1 · Q&A responses: +24.02018 Q2 · Q&A responses: +20.42018 Q3 · Q&A responses: +17.02018 Q4 · Q&A responses: +14.72019 Q1 · Q&A responses: +22.82019 Q2 · Q&A responses: +20.32019 Q3 · Q&A responses: +23.82019 Q4 · Q&A responses: +14.62020 Q1 · Q&A responses: +20.42020 Q2 · Q&A responses: +7.82020 Q3 · Q&A responses: +8.02020 Q4 · Q&A responses: +5.72021 Q1 · Q&A responses: +23.72021 Q2 · Q&A responses: +11.52021 Q3 · Q&A responses: +17.12021 Q4 · Q&A responses: +20.82022 Q1 · Q&A responses: +24.52022 Q2 · Q&A responses: +18.52022 Q3 · Q&A responses: +20.92022 Q4 · Q&A responses: +16.22023 Q1 · Q&A responses: +12.22023 Q2 · Q&A responses: +20.92023 Q3 · Q&A responses: +7.22023 Q4 · Q&A responses: +14.42024 Q1 · Q&A responses: +8.02024 Q2 · Q&A responses: +24.02024 Q3 · Q&A responses: +15.32024 Q4 · Q&A responses: +13.12025 Q1 · Q&A responses: +14.92025 Q2 · Q&A responses: +20.52025 Q3 · Q&A responses: +17.7
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

$1.66$5.07$8.482006 Q12008 Q32011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42014 Q1: $3.142014 Q2: $3.192014 Q3: $3.182014 Q4: $3.152015 Q1: $3.172015 Q2: $3.322015 Q3: $3.292015 Q4: $3.402016 Q1: $3.442016 Q2: $3.562016 Q3: $3.602016 Q4: $3.632017 Q1: $3.622017 Q2: $3.772017 Q3: $4.082017 Q4: $4.402018 Q1: $4.762018 Q2: $5.032018 Q3: $4.912018 Q4: $5.122019 Q1: $5.452019 Q2: $5.792019 Q3: $6.172019 Q4: $6.332020 Q1: $6.082020 Q2: $5.362020 Q3: $5.182020 Q4: $5.772021 Q1: $6.712021 Q2: $7.152021 Q3: $7.712021 Q4: $8.012024 Q1: $3.762024 Q2: $4.162024 Q3: $3.192024 Q4: $2.13

Forward P/E

19.5533.5547.542006 Q12008 Q32011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42014 Q1: 22.192014 Q2: 23.872014 Q3: 23.512014 Q4: 23.492015 Q1: 25.772015 Q2: 26.482015 Q3: 23.742015 Q4: 26.212016 Q1: 27.072016 Q2: 25.562016 Q3: 24.332016 Q4: 21.482017 Q1: 23.562017 Q2: 25.772017 Q3: 26.882017 Q4: 29.082018 Q1: 30.472018 Q2: 30.942018 Q3: 28.472018 Q4: 25.082019 Q1: 29.282019 Q2: 31.062019 Q3: 31.112019 Q4: 32.242020 Q1: 25.722020 Q2: 36.422020 Q3: 41.942020 Q4: 44.832021 Q1: 43.332021 Q2: 41.822021 Q3: 42.332021 Q4: 45.612024 Q1: 41.982024 Q2: 26.632024 Q3: 27.562024 Q4: 35.19

Divergence watch ⚑

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

  • 2014 Q2 tone ↓ -7.8 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -2.5 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -4.5 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -4.8 fwd EPS ↑ +0.44 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↑ +3.9 fwd EPS ↓ -0.97 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-05-01+15.8——View →
2025 Q22025-02-04+18.4——View →
2025 Q12024-10-31+12.9——View →
2024 Q42024-08-19+12.9$2.1335.2View →
2024 Q32024-05-01+20.5$3.1927.6View →
2024 Q22024-02-05+16.6$4.1626.6View →
2024 Q12023-11-01+11.3$3.7642.0View →
2023 Q42023-08-18+15.7——View →