Subtext

Enphase Energy, Inc. ENPH

SectorInformation Technology
Transcripts21
Date range2020-05-06 – 2025-04-22
Calls charted21

Sentiment timeline

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

-11-5+0+5+112020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: +1.72020 Q2 · Overall: +8.72020 Q3 · Overall: +5.92020 Q4 · Overall: -0.72021 Q1 · Overall: +3.02021 Q2 · Overall: +5.52021 Q3 · Overall: +8.22021 Q4 · Overall: +5.72022 Q1 · Overall: +4.02022 Q2 · Overall: +6.12022 Q3 · Overall: +6.92022 Q4 · Overall: +9.42023 Q1 · Overall: +1.62023 Q2 · Overall: +4.42023 Q3 · Overall: +0.32023 Q4 · Overall: +0.52024 Q1 · Overall: +4.22024 Q2 · Overall: +7.22024 Q3 · Overall: +1.02024 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.

-18-9+0+9+182020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · CEO: +4.92020 Q2 · CEO: +15.52020 Q3 · CEO: +11.12020 Q4 · CEO: +4.32021 Q1 · CEO: +9.62021 Q2 · CEO: +10.12021 Q3 · CEO: +12.32021 Q4 · CEO: +10.52022 Q1 · CEO: +7.62022 Q2 · CEO: +10.42022 Q3 · CEO: +13.62022 Q4 · CEO: +15.02023 Q1 · CEO: +9.22023 Q2 · CEO: +6.62023 Q3 · CEO: +2.72023 Q4 · CEO: +2.52024 Q1 · CEO: +9.42024 Q2 · CEO: +10.92024 Q3 · CEO: +4.92024 Q4 · CEO: +13.22025 Q1 · CEO: +7.32020 Q1 · CFO: +3.02020 Q2 · CFO: +8.42020 Q3 · CFO: +8.02020 Q4 · CFO: +3.92021 Q1 · CFO: -1.02021 Q2 · CFO: +3.62021 Q3 · CFO: +8.42021 Q4 · CFO: +9.62022 Q1 · CFO: +2.02022 Q2 · CFO: +4.22022 Q3 · CFO: -2.42022 Q4 · CFO: -3.22023 Q1 · CFO: -1.22023 Q2 · CFO: +3.42023 Q3 · CFO: +12.62023 Q4 · CFO: -1.62024 Q1 · CFO: -1.52024 Q2 · CFO: +2.82024 Q3 · CFO: +4.52024 Q4 · CFO: +2.22025 Q1 · CFO: +0.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-18-9+0+9+182020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: +9.52020 Q2 · Prepared remarks: +11.62020 Q3 · Prepared remarks: +15.52020 Q4 · Prepared remarks: +7.92021 Q1 · Prepared remarks: +10.82021 Q2 · Prepared remarks: +10.32021 Q3 · Prepared remarks: +6.52021 Q4 · Prepared remarks: +11.62022 Q1 · Prepared remarks: +4.82022 Q2 · Prepared remarks: +12.02022 Q3 · Prepared remarks: +10.12022 Q4 · Prepared remarks: +12.22023 Q1 · Prepared remarks: +5.62023 Q2 · Prepared remarks: +9.02023 Q3 · Prepared remarks: +11.52023 Q4 · Prepared remarks: +3.32024 Q1 · Prepared remarks: +11.42024 Q2 · Prepared remarks: +8.52024 Q3 · Prepared remarks: +8.32024 Q4 · Prepared remarks: +13.32025 Q1 · Prepared remarks: +8.62020 Q1 · Q&A responses: +1.02020 Q2 · Q&A responses: +14.12020 Q3 · Q&A responses: +6.22020 Q4 · Q&A responses: +2.32021 Q1 · Q&A responses: +3.42021 Q2 · Q&A responses: +7.72021 Q3 · Q&A responses: +12.92021 Q4 · Q&A responses: +7.52022 Q1 · Q&A responses: +7.52022 Q2 · Q&A responses: +6.22022 Q3 · Q&A responses: +11.52022 Q4 · Q&A responses: +12.42023 Q1 · Q&A responses: +8.92023 Q2 · Q&A responses: +4.52023 Q3 · Q&A responses: -1.52023 Q4 · Q&A responses: +3.02024 Q1 · Q&A responses: +5.62024 Q2 · Q&A responses: +10.42024 Q3 · Q&A responses: +1.42024 Q4 · Q&A responses: +8.82025 Q1 · Q&A responses: +4.1
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

$0.87$3.90$6.922020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: $1.362020 Q2: $1.292020 Q3: $1.552020 Q4: $1.842021 Q1: $2.252021 Q2: $2.332021 Q3: $2.612021 Q4: $3.022022 Q1: $3.282022 Q2: $3.892022 Q3: $4.782022 Q4: $5.312023 Q1: $5.972023 Q2: $6.502023 Q3: $6.192023 Q4: $4.172024 Q1: $3.882024 Q2: $3.862024 Q3: $4.14

Forward P/E

11.9253.1894.452020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: 17.612020 Q2: 30.262020 Q3: 46.842020 Q4: 88.762021 Q1: 72.812021 Q2: 65.242021 Q3: 59.592021 Q4: 67.562022 Q1: 54.072022 Q2: 48.452022 Q3: 67.152022 Q4: 62.672023 Q1: 34.472023 Q2: 27.572023 Q3: 19.322023 Q4: 25.812024 Q1: 30.422024 Q2: 30.832024 Q3: 28.91

Divergence watch ⚑

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

  • 2020 Q2 tone ↑ +7.0 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -2.8 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -6.6 fwd EPS ↑ +0.29 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -2.5 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -7.8 fwd EPS ↑ +0.66 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↑ +3.7 fwd EPS ↓ -0.29 Tone rose while the forward EPS estimate was cut.
  • 2024 Q3 tone ↓ -6.2 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-22+2.7——View →
2024 Q42025-02-04+5.2——View →
2024 Q32024-10-22+1.0$4.1428.9View →
2024 Q22024-07-23+7.2$3.8630.8View →
2024 Q12024-04-23+4.2$3.8830.4View →
2023 Q42024-02-07+0.5$4.1725.8View →
2023 Q32023-10-26+0.3$6.1919.3View →
2023 Q22023-07-27+4.4$6.5027.6View →