Subtext

Elevance Health, Inc. ELV

SectorHealth Care
Transcripts71
Date range2007-10-24 – 2025-04-22
Calls charted71

Sentiment timeline

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

-25-13+0+13+252007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Overall: +12.12007 Q4 · Overall: +4.42008 Q1 · Overall: -0.52008 Q2 · Overall: +4.42008 Q3 · Overall: +4.32008 Q4 · Overall: -0.72009 Q1 · Overall: +9.42009 Q2 · Overall: +0.12009 Q3 · Overall: +3.52009 Q4 · Overall: +1.22010 Q1 · Overall: +0.42010 Q2 · Overall: +5.82010 Q3 · Overall: +13.12010 Q4 · Overall: +11.72011 Q1 · Overall: +12.02011 Q2 · Overall: +10.62011 Q3 · Overall: +9.92011 Q4 · Overall: +7.82012 Q1 · Overall: +10.12012 Q2 · Overall: +4.52012 Q3 · Overall: +5.32012 Q4 · Overall: +9.32013 Q1 · Overall: +10.32013 Q2 · Overall: +9.22013 Q3 · Overall: +10.72013 Q4 · Overall: +10.72014 Q1 · Overall: +9.92014 Q2 · Overall: +5.32014 Q3 · Overall: +6.82014 Q4 · Overall: +9.12015 Q1 · Overall: +12.02015 Q2 · Overall: +7.52015 Q3 · Overall: +4.42015 Q4 · Overall: +1.12016 Q1 · Overall: +4.72016 Q2 · Overall: -0.12016 Q3 · Overall: +0.02016 Q4 · Overall: +5.72017 Q1 · Overall: +7.72017 Q2 · Overall: +5.52017 Q3 · Overall: +8.52017 Q4 · Overall: +21.82018 Q1 · Overall: +19.22018 Q2 · Overall: +16.32018 Q3 · Overall: +9.42018 Q4 · Overall: +12.82019 Q1 · Overall: +7.92019 Q2 · Overall: +8.52019 Q3 · Overall: +11.52019 Q4 · Overall: +12.62020 Q1 · Overall: -0.72020 Q2 · Overall: -2.32020 Q3 · Overall: +0.42020 Q4 · Overall: +6.12021 Q1 · Overall: +7.92021 Q2 · Overall: +11.72021 Q3 · Overall: +12.22021 Q4 · Overall: +9.62022 Q1 · Overall: +11.72022 Q2 · Overall: +9.52022 Q3 · Overall: +11.12022 Q4 · Overall: +13.92023 Q1 · Overall: +9.92023 Q2 · Overall: +10.32023 Q3 · Overall: +11.02023 Q4 · Overall: +14.22024 Q1 · Overall: +6.92024 Q2 · Overall: +10.02024 Q3 · Overall: +7.62024 Q4 · Overall: +12.62025 Q1 · Overall: +10.2
Overall

CEO vs CFO

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

-39-20+0+20+392007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · CEO: +23.02007 Q4 · CEO: +18.72008 Q1 · CEO: +9.32008 Q2 · CEO: +6.92008 Q3 · CEO: +15.12008 Q4 · CEO: +2.62009 Q1 · CEO: +13.82009 Q2 · CEO: +5.22009 Q3 · CEO: +13.02009 Q4 · CEO: +10.92010 Q1 · CEO: +10.02010 Q2 · CEO: +12.82010 Q3 · CEO: +25.92010 Q4 · CEO: +19.72011 Q1 · CEO: +21.12011 Q2 · CEO: +17.32011 Q3 · CEO: +15.32011 Q4 · CEO: +15.02012 Q1 · CEO: +18.42012 Q2 · CEO: +16.32012 Q3 · CEO: +10.22012 Q4 · CEO: +20.72013 Q1 · CEO: +18.82013 Q2 · CEO: +22.32013 Q3 · CEO: +17.22013 Q4 · CEO: +25.92014 Q1 · CEO: +17.92014 Q2 · CEO: +16.12014 Q3 · CEO: +12.22014 Q4 · CEO: +19.42016 Q3 · CEO: +5.82016 Q4 · CEO: +15.72017 Q1 · CEO: +10.82017 Q2 · CEO: +10.72017 Q3 · CEO: +15.92017 Q4 · CEO: +29.82018 Q1 · CEO: +31.72018 Q2 · CEO: +19.72018 Q3 · CEO: +13.42018 Q4 · CEO: +19.52019 Q1 · CEO: +10.62019 Q2 · CEO: +15.02019 Q3 · CEO: +18.02019 Q4 · CEO: +23.22020 Q1 · CEO: -0.92020 Q2 · CEO: -4.72020 Q3 · CEO: +1.12020 Q4 · CEO: +10.32021 Q1 · CEO: +7.82021 Q2 · CEO: +34.12021 Q3 · CEO: +17.82021 Q4 · CEO: +13.52022 Q1 · CEO: +18.42022 Q2 · CEO: +10.42022 Q3 · CEO: +12.92022 Q4 · CEO: +18.52023 Q1 · CEO: +13.62023 Q2 · CEO: +13.62023 Q3 · CEO: +13.22023 Q4 · CEO: +19.32024 Q1 · CEO: +11.22024 Q2 · CEO: +16.02024 Q3 · CEO: +15.22024 Q4 · CEO: +9.92025 Q1 · CEO: +11.02007 Q3 · CFO: +10.32007 Q4 · CFO: +1.72008 Q1 · CFO: +1.42008 Q2 · CFO: +1.72008 Q3 · CFO: -2.42008 Q4 · CFO: +3.52009 Q1 · CFO: +11.22009 Q2 · CFO: +0.02009 Q3 · CFO: +0.72009 Q4 · CFO: -0.62010 Q1 · CFO: -3.32010 Q2 · CFO: +3.22010 Q3 · CFO: +5.82010 Q4 · CFO: +8.12011 Q1 · CFO: +4.82011 Q2 · CFO: +10.72011 Q3 · CFO: +11.82011 Q4 · CFO: +6.92012 Q1 · CFO: +9.92012 Q2 · CFO: +3.32012 Q3 · CFO: +6.92012 Q4 · CFO: +7.62013 Q1 · CFO: +9.32013 Q2 · CFO: +3.72013 Q3 · CFO: +12.22013 Q4 · CFO: +6.12014 Q1 · CFO: +10.12014 Q2 · CFO: +6.52014 Q3 · CFO: +5.32014 Q4 · CFO: +7.72016 Q3 · CFO: +3.22016 Q4 · CFO: +3.92017 Q1 · CFO: +11.32017 Q2 · CFO: +3.92017 Q3 · CFO: +4.82017 Q4 · CFO: +16.02018 Q1 · CFO: +13.22018 Q2 · CFO: +8.82018 Q3 · CFO: +3.92018 Q4 · CFO: +5.52019 Q1 · CFO: +7.12019 Q2 · CFO: +5.02019 Q3 · CFO: +9.32019 Q4 · CFO: +8.52020 Q1 · CFO: -0.72020 Q2 · CFO: +0.52020 Q3 · CFO: -2.52020 Q4 · CFO: -2.02021 Q1 · CFO: +4.62021 Q2 · CFO: +7.62021 Q3 · CFO: +11.32021 Q4 · CFO: +6.22022 Q1 · CFO: +8.92022 Q2 · CFO: +5.92022 Q3 · CFO: +12.82022 Q4 · CFO: +11.92023 Q1 · CFO: +8.02023 Q2 · CFO: +6.92023 Q3 · CFO: +14.52023 Q4 · CFO: +13.72024 Q1 · CFO: +2.12024 Q2 · CFO: +3.92024 Q3 · CFO: +7.92024 Q4 · CFO: +14.82025 Q1 · CFO: +13.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-43-21+0+21+432007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Prepared remarks: +19.22007 Q4 · Prepared remarks: +14.92008 Q1 · Prepared remarks: +10.22008 Q2 · Prepared remarks: +4.32008 Q3 · Prepared remarks: +1.52008 Q4 · Prepared remarks: +5.12009 Q1 · Prepared remarks: +11.62009 Q2 · Prepared remarks: +7.72009 Q3 · Prepared remarks: +7.32009 Q4 · Prepared remarks: +8.92010 Q1 · Prepared remarks: +3.22010 Q2 · Prepared remarks: +12.52010 Q3 · Prepared remarks: +17.02010 Q4 · Prepared remarks: +14.12011 Q1 · Prepared remarks: +20.02011 Q2 · Prepared remarks: +20.12011 Q3 · Prepared remarks: +16.12011 Q4 · Prepared remarks: +15.12012 Q1 · Prepared remarks: +17.42012 Q2 · Prepared remarks: +12.42012 Q3 · Prepared remarks: +12.82012 Q4 · Prepared remarks: +18.52013 Q1 · Prepared remarks: +21.92013 Q2 · Prepared remarks: +20.72013 Q3 · Prepared remarks: +20.12013 Q4 · Prepared remarks: +19.12014 Q1 · Prepared remarks: +25.12014 Q2 · Prepared remarks: +20.62014 Q3 · Prepared remarks: +15.42014 Q4 · Prepared remarks: +16.22015 Q1 · Prepared remarks: +18.72015 Q2 · Prepared remarks: +10.52015 Q3 · Prepared remarks: +9.62015 Q4 · Prepared remarks: +11.42016 Q1 · Prepared remarks: +15.32016 Q2 · Prepared remarks: +5.32016 Q3 · Prepared remarks: +9.52016 Q4 · Prepared remarks: +14.72017 Q1 · Prepared remarks: +14.02017 Q2 · Prepared remarks: +9.72017 Q3 · Prepared remarks: +10.22017 Q4 · Prepared remarks: +27.82018 Q1 · Prepared remarks: +28.72018 Q2 · Prepared remarks: +19.42018 Q3 · Prepared remarks: +25.52018 Q4 · Prepared remarks: +19.02019 Q1 · Prepared remarks: +17.42019 Q2 · Prepared remarks: +29.02019 Q3 · Prepared remarks: +25.02019 Q4 · Prepared remarks: +12.22020 Q1 · Prepared remarks: -0.52020 Q2 · Prepared remarks: +6.52020 Q3 · Prepared remarks: +5.22020 Q4 · Prepared remarks: +12.12021 Q1 · Prepared remarks: +15.72021 Q2 · Prepared remarks: +21.62021 Q3 · Prepared remarks: +22.42021 Q4 · Prepared remarks: +19.62022 Q1 · Prepared remarks: +19.32022 Q2 · Prepared remarks: +18.32022 Q3 · Prepared remarks: +23.02022 Q4 · Prepared remarks: +17.32023 Q1 · Prepared remarks: +19.02023 Q2 · Prepared remarks: +14.82023 Q3 · Prepared remarks: +22.42023 Q4 · Prepared remarks: +24.22024 Q1 · Prepared remarks: +22.32024 Q2 · Prepared remarks: +16.42024 Q3 · Prepared remarks: +26.32024 Q4 · Prepared remarks: +18.12025 Q1 · Prepared remarks: +25.82007 Q3 · Q&A responses: +10.72007 Q4 · Q&A responses: +4.52008 Q1 · Q&A responses: -4.02008 Q2 · Q&A responses: +7.22008 Q3 · Q&A responses: +10.12008 Q4 · Q&A responses: -0.92009 Q1 · Q&A responses: +13.02009 Q2 · Q&A responses: -3.32009 Q3 · Q&A responses: +4.02009 Q4 · Q&A responses: +0.52010 Q1 · Q&A responses: -0.82010 Q2 · Q&A responses: +1.52010 Q3 · Q&A responses: +10.72010 Q4 · Q&A responses: +13.02011 Q1 · Q&A responses: +10.82011 Q2 · Q&A responses: +6.22011 Q3 · Q&A responses: +10.42011 Q4 · Q&A responses: +7.82012 Q1 · Q&A responses: +11.22012 Q2 · Q&A responses: +4.72012 Q3 · Q&A responses: +4.82012 Q4 · Q&A responses: +6.72013 Q1 · Q&A responses: +4.52013 Q2 · Q&A responses: +5.32013 Q3 · Q&A responses: +9.52013 Q4 · Q&A responses: +11.22014 Q1 · Q&A responses: +7.32014 Q2 · Q&A responses: +6.02014 Q3 · Q&A responses: +4.82014 Q4 · Q&A responses: +9.22015 Q1 · Q&A responses: +13.32015 Q2 · Q&A responses: +9.22015 Q3 · Q&A responses: +5.92015 Q4 · Q&A responses: +1.42016 Q1 · Q&A responses: +3.12016 Q2 · Q&A responses: +0.02016 Q3 · Q&A responses: +0.32016 Q4 · Q&A responses: +4.92017 Q1 · Q&A responses: +7.22017 Q2 · Q&A responses: +6.72017 Q3 · Q&A responses: +11.32017 Q4 · Q&A responses: +19.52018 Q1 · Q&A responses: +20.42018 Q2 · Q&A responses: +16.32018 Q3 · Q&A responses: +7.02018 Q4 · Q&A responses: +11.92019 Q1 · Q&A responses: +6.12019 Q2 · Q&A responses: +4.92019 Q3 · Q&A responses: +11.92019 Q4 · Q&A responses: +37.32020 Q1 · Q&A responses: +3.92020 Q2 · Q&A responses: -2.62020 Q3 · Q&A responses: -1.02020 Q4 · Q&A responses: +4.42021 Q1 · Q&A responses: +5.52021 Q2 · Q&A responses: +8.02021 Q3 · Q&A responses: +9.62021 Q4 · Q&A responses: +6.32022 Q1 · Q&A responses: +9.72022 Q2 · Q&A responses: +6.82022 Q3 · Q&A responses: +6.32022 Q4 · Q&A responses: +13.22023 Q1 · Q&A responses: +6.92023 Q2 · Q&A responses: +9.12023 Q3 · Q&A responses: +4.52023 Q4 · Q&A responses: +10.92024 Q1 · Q&A responses: +2.12024 Q2 · Q&A responses: +9.32024 Q3 · Q&A responses: +1.02024 Q4 · Q&A responses: +11.62025 Q1 · Q&A responses: +5.4
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

$5.96$24.55$43.142007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $8.532014 Q2: $8.882014 Q3: $9.142014 Q4: $9.382015 Q1: $10.092015 Q2: $10.592015 Q3: $10.942015 Q4: $10.872016 Q1: $11.172016 Q2: $11.522016 Q3: $11.682016 Q4: $11.522017 Q1: $11.892017 Q2: $12.382017 Q3: $12.712017 Q4: $12.892018 Q1: $15.512018 Q2: $16.152018 Q3: $16.702018 Q4: $17.612019 Q1: $20.052019 Q2: $21.142019 Q3: $22.052019 Q4: $22.702020 Q1: $23.322020 Q2: $23.732020 Q3: $24.642020 Q4: $25.352021 Q1: $25.652021 Q2: $26.752021 Q3: $27.792021 Q4: $28.602022 Q1: $29.422022 Q2: $30.542022 Q3: $31.602022 Q4: $32.702023 Q1: $33.832023 Q2: $34.922023 Q3: $35.992023 Q4: $37.082024 Q1: $38.232024 Q2: $39.462024 Q3: $40.582024 Q4: $34.93

Forward P/E

8.1513.4418.732007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 11.622014 Q2: 11.962014 Q3: 13.152014 Q4: 13.192015 Q1: 15.612015 Q2: 15.602015 Q3: 13.822015 Q4: 12.682016 Q1: 12.852016 Q2: 11.342016 Q3: 10.562016 Q4: 12.562017 Q1: 14.232017 Q2: 15.252017 Q3: 14.922017 Q4: 18.002018 Q1: 14.772018 Q2: 14.632018 Q3: 16.272018 Q4: 14.632019 Q1: 15.152019 Q2: 13.772019 Q3: 11.422019 Q4: 12.922020 Q1: 8.882020 Q2: 11.202020 Q3: 10.702020 Q4: 12.242021 Q1: 13.332021 Q2: 14.152021 Q3: 13.482021 Q4: 15.512022 Q1: 16.002022 Q2: 15.162022 Q3: 14.882022 Q4: 15.912023 Q1: 13.492023 Q2: 12.502023 Q3: 12.312023 Q4: 13.162024 Q1: 13.332024 Q2: 13.362024 Q3: 13.302024 Q4: 10.49

Divergence watch ⚑

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

  • 2014 Q2 tone ↓ -4.6 fwd EPS ↑ +0.36 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -4.5 fwd EPS ↑ +0.50 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -3.1 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -4.8 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↑ +5.7 fwd EPS ↓ -0.16 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -2.3 fwd EPS ↑ +0.49 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -2.6 fwd EPS ↑ +2.62 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -2.9 fwd EPS ↑ +0.64 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -6.9 fwd EPS ↑ +0.55 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -4.9 fwd EPS ↑ +2.44 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -13.3 fwd EPS ↑ +0.62 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -2.6 fwd EPS ↑ +0.81 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -2.2 fwd EPS ↑ +1.11 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -4.0 fwd EPS ↑ +1.13 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -7.3 fwd EPS ↑ +1.15 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -2.4 fwd EPS ↑ +1.12 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↑ +5.0 fwd EPS ↓ -5.65 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-22+10.2——View →
2024 Q42025-01-23+12.6$34.9310.5View →
2024 Q32024-10-17+7.6$40.5813.3View →
2024 Q22024-07-17+10.0$39.4613.4View →
2024 Q12024-04-18+6.9$38.2313.3View →
2023 Q42024-01-24+14.2$37.0813.2View →
2023 Q32023-10-18+11.0$35.9912.3View →
2023 Q22023-07-19+10.3$34.9212.5View →