Subtext

Equinix, Inc. EQIX

SectorReal Estate
Transcripts41
Date range2015-04-29 – 2025-04-30
Calls charted41

Sentiment timeline

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

-19-10+0+10+192015 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12015 Q1 · Overall: +14.12015 Q2 · Overall: +9.02015 Q3 · Overall: +8.92015 Q4 · Overall: +8.32016 Q1 · Overall: +10.02016 Q2 · Overall: +10.42016 Q3 · Overall: +13.72016 Q4 · Overall: +14.62017 Q1 · Overall: +11.12017 Q2 · Overall: +12.62017 Q3 · Overall: +13.02017 Q4 · Overall: +13.82018 Q1 · Overall: +13.42018 Q2 · Overall: +9.72018 Q3 · Overall: +12.82018 Q4 · Overall: +9.82019 Q1 · Overall: +11.32019 Q2 · Overall: +15.52019 Q3 · Overall: +13.32019 Q4 · Overall: +11.72020 Q1 · Overall: +11.12020 Q2 · Overall: +11.72020 Q3 · Overall: +12.72020 Q4 · Overall: +13.42021 Q1 · Overall: +14.02021 Q2 · Overall: +16.72021 Q3 · Overall: +13.42021 Q4 · Overall: +11.12022 Q1 · Overall: +14.12022 Q2 · Overall: +9.22022 Q3 · Overall: +12.12022 Q4 · Overall: +15.02023 Q1 · Overall: +10.72023 Q2 · Overall: +8.52023 Q3 · Overall: +10.82023 Q4 · Overall: +10.92024 Q1 · Overall: +11.42024 Q2 · Overall: +13.82024 Q3 · Overall: +12.62024 Q4 · Overall: +13.62025 Q1 · Overall: +16.8
Overall

CEO vs CFO

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

-31-16+0+16+312015 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12015 Q2 · CEO: +12.12015 Q4 · CEO: +17.92016 Q1 · CEO: +17.72016 Q3 · CEO: +18.02016 Q4 · CEO: +18.02017 Q1 · CEO: +17.22017 Q2 · CEO: +11.32017 Q3 · CEO: +7.32017 Q4 · CEO: +20.82018 Q1 · CEO: +19.22018 Q2 · CEO: +14.42018 Q3 · CEO: +17.32018 Q4 · CEO: +13.52019 Q1 · CEO: +16.52019 Q2 · CEO: +23.82019 Q3 · CEO: +19.12019 Q4 · CEO: +12.12020 Q1 · CEO: +16.22020 Q2 · CEO: +15.52020 Q3 · CEO: +19.32020 Q4 · CEO: +17.12021 Q1 · CEO: +24.12021 Q2 · CEO: +27.32021 Q3 · CEO: +16.62021 Q4 · CEO: +17.22022 Q1 · CEO: +16.42022 Q2 · CEO: +12.62022 Q3 · CEO: +13.52022 Q4 · CEO: +22.02023 Q1 · CEO: +12.82023 Q2 · CEO: +9.72023 Q3 · CEO: +12.52023 Q4 · CEO: +10.52024 Q1 · CEO: +13.82024 Q2 · CEO: +16.72024 Q3 · CEO: +22.92024 Q4 · CEO: +20.32025 Q1 · CEO: +17.92015 Q1 · CFO: +17.62015 Q2 · CFO: +10.02015 Q3 · CFO: +9.42015 Q4 · CFO: +4.22016 Q1 · CFO: +8.62016 Q2 · CFO: +9.82016 Q3 · CFO: +10.92016 Q4 · CFO: +14.72017 Q1 · CFO: +9.52017 Q2 · CFO: +18.52017 Q3 · CFO: +13.32017 Q4 · CFO: +12.02018 Q1 · CFO: +13.22018 Q2 · CFO: +11.62018 Q3 · CFO: +12.92018 Q4 · CFO: +12.42019 Q1 · CFO: +11.92019 Q2 · CFO: +15.12019 Q3 · CFO: +10.62019 Q4 · CFO: +21.52020 Q1 · CFO: +10.02020 Q2 · CFO: +14.32020 Q3 · CFO: +11.82020 Q4 · CFO: +13.42021 Q1 · CFO: +23.72021 Q2 · CFO: +17.02021 Q3 · CFO: +14.82021 Q4 · CFO: +13.02022 Q1 · CFO: +22.12022 Q2 · CFO: +9.92022 Q3 · CFO: +15.82022 Q4 · CFO: +15.22023 Q1 · CFO: +11.02023 Q2 · CFO: +10.12023 Q3 · CFO: +12.42023 Q4 · CFO: +18.82024 Q1 · CFO: +12.22024 Q2 · CFO: +12.72024 Q3 · CFO: +8.12024 Q4 · CFO: +12.92025 Q1 · CFO: +20.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-31-15+0+15+312015 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12015 Q1 · Prepared remarks: +19.82015 Q2 · Prepared remarks: +16.32015 Q3 · Prepared remarks: +13.42015 Q4 · Prepared remarks: +15.02016 Q1 · Prepared remarks: +18.12016 Q2 · Prepared remarks: +16.82016 Q3 · Prepared remarks: +19.92016 Q4 · Prepared remarks: +20.02017 Q1 · Prepared remarks: +20.32017 Q2 · Prepared remarks: +16.42017 Q3 · Prepared remarks: +19.02017 Q4 · Prepared remarks: +19.42018 Q1 · Prepared remarks: +21.02018 Q2 · Prepared remarks: +17.22018 Q3 · Prepared remarks: +18.92018 Q4 · Prepared remarks: +18.92019 Q1 · Prepared remarks: +22.22019 Q2 · Prepared remarks: +26.82019 Q3 · Prepared remarks: +24.32019 Q4 · Prepared remarks: +24.82020 Q1 · Prepared remarks: +14.92020 Q2 · Prepared remarks: +19.82020 Q3 · Prepared remarks: +21.32020 Q4 · Prepared remarks: +21.12021 Q1 · Prepared remarks: +21.62021 Q2 · Prepared remarks: +26.32021 Q3 · Prepared remarks: +16.52021 Q4 · Prepared remarks: +19.52022 Q1 · Prepared remarks: +18.92022 Q2 · Prepared remarks: +20.42022 Q3 · Prepared remarks: +17.72022 Q4 · Prepared remarks: +22.32023 Q1 · Prepared remarks: +11.22023 Q2 · Prepared remarks: +17.62023 Q3 · Prepared remarks: +19.82023 Q4 · Prepared remarks: +14.42024 Q1 · Prepared remarks: +19.92024 Q2 · Prepared remarks: +18.82024 Q3 · Prepared remarks: +19.62024 Q4 · Prepared remarks: +22.22025 Q1 · Prepared remarks: +17.52015 Q1 · Q&A responses: +12.42015 Q2 · Q&A responses: +5.02015 Q3 · Q&A responses: +6.02015 Q4 · Q&A responses: +4.52016 Q1 · Q&A responses: +8.92016 Q2 · Q&A responses: +6.12016 Q3 · Q&A responses: +9.32016 Q4 · Q&A responses: +13.92017 Q1 · Q&A responses: +7.32017 Q2 · Q&A responses: +12.62017 Q3 · Q&A responses: +12.52017 Q4 · Q&A responses: +13.12018 Q1 · Q&A responses: +11.32018 Q2 · Q&A responses: +8.02018 Q3 · Q&A responses: +12.32018 Q4 · Q&A responses: +9.12019 Q1 · Q&A responses: +9.92019 Q2 · Q&A responses: +15.12019 Q3 · Q&A responses: +10.12019 Q4 · Q&A responses: +7.72020 Q1 · Q&A responses: +11.92020 Q2 · Q&A responses: +10.92020 Q3 · Q&A responses: +10.42020 Q4 · Q&A responses: +10.72021 Q1 · Q&A responses: +11.42021 Q2 · Q&A responses: +17.12021 Q3 · Q&A responses: +15.22021 Q4 · Q&A responses: +11.32022 Q1 · Q&A responses: +16.02022 Q2 · Q&A responses: +4.92022 Q3 · Q&A responses: +11.92022 Q4 · Q&A responses: +15.22023 Q2 · Q&A responses: +4.52023 Q3 · Q&A responses: +6.82023 Q4 · Q&A responses: +0.62024 Q1 · Q&A responses: +7.12024 Q2 · Q&A responses: +10.22024 Q3 · Q&A responses: +11.22024 Q4 · Q&A responses: +11.5
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

$3.30$8.11$12.922015 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12015 Q1: $4.392015 Q2: $5.362015 Q3: $5.672015 Q4: $6.072016 Q1: $4.702016 Q2: $3.962016 Q3: $4.422016 Q4: $5.102017 Q1: $5.252017 Q2: $5.832017 Q3: $6.172017 Q4: $6.412018 Q1: $5.922018 Q2: $5.462018 Q3: $5.582018 Q4: $6.202019 Q1: $6.622019 Q2: $7.082019 Q3: $7.672019 Q4: $7.932020 Q1: $8.262020 Q2: $7.552020 Q3: $7.902020 Q4: $8.482021 Q1: $8.122021 Q2: $8.202021 Q3: $7.512021 Q4: $7.752022 Q1: $7.582022 Q2: $8.182022 Q3: $8.482022 Q4: $8.952023 Q1: $9.102023 Q2: $9.822023 Q3: $10.162023 Q4: $10.842024 Q1: $12.192024 Q2: $11.282024 Q3: $12.26

Forward P/E

41.2779.40117.532015 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12015 Q1: 52.202015 Q2: 46.532015 Q3: 49.752015 Q4: 48.682016 Q1: 67.362016 Q2: 93.852016 Q3: 80.342016 Q4: 69.532017 Q1: 73.142017 Q2: 74.122017 Q3: 74.312017 Q4: 70.402018 Q1: 69.852018 Q2: 71.922018 Q3: 79.302018 Q4: 59.432019 Q1: 66.342019 Q2: 72.202019 Q3: 73.142019 Q4: 71.312020 Q1: 69.252020 Q2: 92.392020 Q3: 97.102020 Q4: 81.392021 Q1: 80.792021 Q2: 98.782021 Q3: 112.272021 Q4: 105.432022 Q1: 92.822022 Q2: 78.392022 Q3: 73.862022 Q4: 78.602023 Q1: 76.412023 Q2: 78.962023 Q3: 75.682023 Q4: 74.692024 Q1: 71.162024 Q2: 68.632024 Q3: 70.22

Divergence watch ⚑

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

  • 2015 Q2 tone ↓ -5.1 fwd EPS ↑ +0.97 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -3.5 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -3.0 fwd EPS ↑ +0.62 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -2.2 fwd EPS ↑ +0.59 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -2.4 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↑ +3.1 fwd EPS ↓ -0.17 Tone rose while the forward EPS estimate was cut.
  • 2022 Q2 tone ↓ -4.9 fwd EPS ↑ +0.59 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -4.2 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -2.2 fwd EPS ↑ +0.73 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↑ +2.5 fwd EPS ↓ -0.91 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-30+16.8——View →
2024 Q42025-02-12+13.6——View →
2024 Q32024-10-30+12.6$12.2670.2View →
2024 Q22024-08-07+13.8$11.2868.6View →
2024 Q12024-05-09+11.4$12.1971.2View →
2023 Q42024-02-14+10.9$10.8474.7View →
2023 Q32023-10-25+10.8$10.1675.7View →
2023 Q22023-08-02+8.5$9.8279.0View →