Subtext

Exelon Corporation EXC

SectorUtilities
Transcripts75
Date range2006-02-07 – 2025-05-01
Calls charted74

Sentiment timeline

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

-15-7+0+7+152005 Q42008 Q32011 Q12013 Q42016 Q32019 Q12021 Q32024 Q22005 Q4 · Overall: -0.32006 Q1 · Overall: +0.42006 Q2 · Overall: -5.02006 Q3 · Overall: -4.02006 Q4 · Overall: +0.02007 Q2 · Overall: +0.22007 Q3 · Overall: -0.12007 Q4 · Overall: +3.32008 Q1 · Overall: +1.52008 Q2 · Overall: +0.52008 Q3 · Overall: -3.52008 Q4 · Overall: +4.22009 Q1 · Overall: +3.42009 Q2 · Overall: -1.62009 Q3 · Overall: +1.52009 Q4 · Overall: +2.62010 Q1 · Overall: +4.92010 Q2 · Overall: +0.42010 Q3 · Overall: +2.82010 Q4 · Overall: +4.72011 Q1 · Overall: +0.42011 Q2 · Overall: +1.52011 Q3 · Overall: +0.12011 Q4 · Overall: +0.42012 Q2 · Overall: +0.22012 Q3 · Overall: +0.12013 Q1 · Overall: -0.32013 Q2 · Overall: +1.72013 Q3 · Overall: -1.82013 Q4 · Overall: +2.92014 Q1 · Overall: +8.92014 Q2 · Overall: +2.72014 Q3 · Overall: +5.42014 Q4 · Overall: +2.32015 Q1 · Overall: +0.52015 Q2 · Overall: -0.32015 Q3 · Overall: +4.12015 Q4 · Overall: +7.42016 Q1 · Overall: +5.02016 Q3 · Overall: +4.92016 Q4 · Overall: +11.62017 Q1 · Overall: -1.22017 Q2 · Overall: +9.32017 Q3 · Overall: +6.62017 Q4 · Overall: +10.32018 Q1 · Overall: +8.02018 Q2 · Overall: +11.92018 Q3 · Overall: +8.12018 Q4 · Overall: +9.42019 Q1 · Overall: +13.02019 Q2 · Overall: -0.92019 Q3 · Overall: -3.22019 Q4 · Overall: +9.52020 Q1 · Overall: -2.52020 Q2 · Overall: +6.12020 Q3 · Overall: +2.22020 Q4 · Overall: +8.92021 Q1 · Overall: -4.02021 Q2 · Overall: +5.32021 Q3 · Overall: +10.52022 Q1 · Overall: +11.22022 Q2 · Overall: +11.22022 Q3 · Overall: +11.82022 Q4 · Overall: +12.02023 Q1 · Overall: +7.92023 Q2 · Overall: +9.22023 Q3 · Overall: +8.92023 Q4 · Overall: +11.62024 Q1 · Overall: +8.22024 Q2 · Overall: +9.22024 Q3 · Overall: +6.32024 Q4 · Overall: +11.42025 Q1 · Overall: +7.5
Overall

CEO vs CFO

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

-31-15+0+15+312005 Q42008 Q32011 Q12013 Q42016 Q32019 Q12021 Q32024 Q22005 Q4 · CEO: +2.52006 Q1 · CEO: +9.42006 Q2 · CEO: -3.62006 Q3 · CEO: -0.72006 Q4 · CEO: +4.02007 Q2 · CEO: +0.82008 Q3 · CEO: +7.52008 Q4 · CEO: +5.22009 Q1 · CEO: +7.92009 Q2 · CEO: +12.92009 Q3 · CEO: +7.02009 Q4 · CEO: +9.22010 Q1 · CEO: +9.22010 Q2 · CEO: +0.02010 Q3 · CEO: +8.32010 Q4 · CEO: +7.22011 Q1 · CEO: +5.02011 Q2 · CEO: +7.22011 Q3 · CEO: +2.62011 Q4 · CEO: +0.02012 Q2 · CEO: +4.32012 Q3 · CEO: +0.62013 Q1 · CEO: +6.52013 Q2 · CEO: +11.12013 Q3 · CEO: -0.92013 Q4 · CEO: +5.12014 Q1 · CEO: +12.52014 Q2 · CEO: +12.42014 Q3 · CEO: +11.92014 Q4 · CEO: +3.52015 Q1 · CEO: +11.72015 Q3 · CEO: +11.62015 Q4 · CEO: +20.42016 Q4 · CEO: +26.62017 Q1 · CEO: -3.92017 Q2 · CEO: +19.22017 Q3 · CEO: +9.12017 Q4 · CEO: +18.42018 Q1 · CEO: +18.72018 Q2 · CEO: +15.42018 Q3 · CEO: +6.42018 Q4 · CEO: +17.32019 Q1 · CEO: +14.12019 Q2 · CEO: -3.22019 Q3 · CEO: -9.12019 Q4 · CEO: +14.12020 Q1 · CEO: -0.92020 Q2 · CEO: +0.72020 Q3 · CEO: -3.32020 Q4 · CEO: +9.82021 Q1 · CEO: -5.92021 Q2 · CEO: +1.62021 Q3 · CEO: +13.82022 Q1 · CEO: +21.12022 Q2 · CEO: +11.52022 Q3 · CEO: +19.62022 Q4 · CEO: +18.12023 Q1 · CEO: +12.62023 Q2 · CEO: +14.22023 Q3 · CEO: +16.52023 Q4 · CEO: +17.72024 Q1 · CEO: +13.52024 Q2 · CEO: +7.92024 Q3 · CEO: +6.22024 Q4 · CEO: +13.02025 Q1 · CEO: +8.02006 Q2 · CFO: -6.72006 Q3 · CFO: -4.02006 Q4 · CFO: +2.52007 Q2 · CFO: +2.72008 Q4 · CFO: +20.02009 Q1 · CFO: +3.92009 Q2 · CFO: -7.92009 Q3 · CFO: -0.92009 Q4 · CFO: -0.82010 Q1 · CFO: +3.72010 Q2 · CFO: +15.12010 Q3 · CFO: +0.42010 Q4 · CFO: +12.92011 Q1 · CFO: +3.32011 Q2 · CFO: +8.62011 Q3 · CFO: +1.52011 Q4 · CFO: -10.62012 Q2 · CFO: +14.02012 Q3 · CFO: +12.72013 Q1 · CFO: -1.42013 Q2 · CFO: +6.92013 Q3 · CFO: +6.42013 Q4 · CFO: +7.72014 Q1 · CFO: +14.32014 Q2 · CFO: -3.02014 Q3 · CFO: +6.92014 Q4 · CFO: +5.12015 Q1 · CFO: +1.92015 Q3 · CFO: +5.42015 Q4 · CFO: +1.72016 Q4 · CFO: +12.92017 Q1 · CFO: +5.32017 Q2 · CFO: +11.62017 Q3 · CFO: +7.52017 Q4 · CFO: +12.32018 Q1 · CFO: +13.62018 Q2 · CFO: +17.32018 Q3 · CFO: +14.82018 Q4 · CFO: +7.22019 Q1 · CFO: +22.02019 Q2 · CFO: +5.72019 Q3 · CFO: +2.02019 Q4 · CFO: +12.02020 Q1 · CFO: -8.42020 Q2 · CFO: +6.82020 Q3 · CFO: +12.52020 Q4 · CFO: +14.92021 Q1 · CFO: -2.82021 Q2 · CFO: +13.82021 Q3 · CFO: -7.02022 Q1 · CFO: +5.92022 Q2 · CFO: +10.62022 Q3 · CFO: +7.22022 Q4 · CFO: +8.52023 Q1 · CFO: +4.42023 Q2 · CFO: +6.62023 Q3 · CFO: +4.12023 Q4 · CFO: +8.62024 Q1 · CFO: +26.82024 Q2 · CFO: +13.72024 Q3 · CFO: +11.42025 Q1 · CFO: +9.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-55-28+0+28+552005 Q42008 Q32011 Q12013 Q42016 Q32019 Q12021 Q32024 Q22005 Q4 · Prepared remarks: +0.22006 Q1 · Prepared remarks: +2.92006 Q2 · Prepared remarks: -4.22006 Q3 · Prepared remarks: -0.42006 Q4 · Prepared remarks: +6.02007 Q2 · Prepared remarks: +3.12007 Q3 · Prepared remarks: +3.72007 Q4 · Prepared remarks: +7.42008 Q1 · Prepared remarks: -0.32008 Q2 · Prepared remarks: -1.62008 Q3 · Prepared remarks: -0.52008 Q4 · Prepared remarks: +5.72009 Q1 · Prepared remarks: +10.22009 Q2 · Prepared remarks: +6.12009 Q3 · Prepared remarks: +5.42009 Q4 · Prepared remarks: +5.22010 Q1 · Prepared remarks: +9.02010 Q2 · Prepared remarks: +6.82010 Q3 · Prepared remarks: +8.02010 Q4 · Prepared remarks: +9.62011 Q1 · Prepared remarks: +4.32011 Q2 · Prepared remarks: +9.72011 Q3 · Prepared remarks: +4.42011 Q4 · Prepared remarks: -0.32012 Q2 · Prepared remarks: +12.32012 Q3 · Prepared remarks: +7.92013 Q1 · Prepared remarks: +8.52013 Q2 · Prepared remarks: +5.32013 Q3 · Prepared remarks: +4.42013 Q4 · Prepared remarks: +5.12014 Q1 · Prepared remarks: +18.92014 Q2 · Prepared remarks: +2.32014 Q3 · Prepared remarks: +14.02014 Q4 · Prepared remarks: +3.02015 Q1 · Prepared remarks: +4.32015 Q2 · Prepared remarks: +12.42015 Q3 · Prepared remarks: +8.42015 Q4 · Prepared remarks: +12.42016 Q1 · Prepared remarks: +6.22016 Q3 · Prepared remarks: +48.12016 Q4 · Prepared remarks: +17.52017 Q1 · Prepared remarks: +4.42017 Q2 · Prepared remarks: +7.72017 Q3 · Prepared remarks: +3.82017 Q4 · Prepared remarks: +14.72018 Q1 · Prepared remarks: +15.82018 Q2 · Prepared remarks: +17.72018 Q3 · Prepared remarks: +13.12018 Q4 · Prepared remarks: +13.82019 Q1 · Prepared remarks: +17.42019 Q2 · Prepared remarks: +5.22019 Q3 · Prepared remarks: -4.92019 Q4 · Prepared remarks: +9.62020 Q1 · Prepared remarks: -6.62020 Q2 · Prepared remarks: +2.62020 Q3 · Prepared remarks: +7.72020 Q4 · Prepared remarks: +17.12021 Q1 · Prepared remarks: -2.12021 Q2 · Prepared remarks: +8.42021 Q3 · Prepared remarks: +11.02022 Q1 · Prepared remarks: +16.02022 Q2 · Prepared remarks: +15.62022 Q3 · Prepared remarks: +15.22022 Q4 · Prepared remarks: +22.82023 Q1 · Prepared remarks: +15.52023 Q2 · Prepared remarks: +12.72023 Q3 · Prepared remarks: +11.92023 Q4 · Prepared remarks: +14.82024 Q1 · Prepared remarks: +23.42024 Q2 · Prepared remarks: +13.92024 Q3 · Prepared remarks: +15.62024 Q4 · Prepared remarks: +17.02025 Q1 · Prepared remarks: +15.42005 Q4 · Q&A responses: +1.92006 Q1 · Q&A responses: -1.12006 Q2 · Q&A responses: -5.02006 Q3 · Q&A responses: -5.62006 Q4 · Q&A responses: -4.12007 Q2 · Q&A responses: -1.52007 Q3 · Q&A responses: -4.12007 Q4 · Q&A responses: +0.72008 Q1 · Q&A responses: +3.92008 Q2 · Q&A responses: +2.92008 Q3 · Q&A responses: -3.02008 Q4 · Q&A responses: +6.52009 Q1 · Q&A responses: -1.62009 Q2 · Q&A responses: -5.52009 Q3 · Q&A responses: -0.72009 Q4 · Q&A responses: +2.82010 Q1 · Q&A responses: +3.22010 Q2 · Q&A responses: -4.22010 Q3 · Q&A responses: -2.82010 Q4 · Q&A responses: +3.12011 Q1 · Q&A responses: +2.52011 Q2 · Q&A responses: -2.22011 Q3 · Q&A responses: -1.42011 Q4 · Q&A responses: +5.42012 Q2 · Q&A responses: -1.82012 Q3 · Q&A responses: -7.32013 Q1 · Q&A responses: -2.52013 Q2 · Q&A responses: +2.42013 Q3 · Q&A responses: -2.02013 Q4 · Q&A responses: +1.42014 Q1 · Q&A responses: +10.12014 Q2 · Q&A responses: +5.42014 Q3 · Q&A responses: +5.22014 Q4 · Q&A responses: +6.12015 Q1 · Q&A responses: +3.72015 Q2 · Q&A responses: -9.02015 Q3 · Q&A responses: +9.62015 Q4 · Q&A responses: +6.42016 Q1 · Q&A responses: +6.12016 Q3 · Q&A responses: +8.52016 Q4 · Q&A responses: +9.32017 Q1 · Q&A responses: -6.02017 Q2 · Q&A responses: +15.12017 Q3 · Q&A responses: +11.82017 Q4 · Q&A responses: +5.22018 Q1 · Q&A responses: +3.52018 Q2 · Q&A responses: +9.22018 Q3 · Q&A responses: +5.52018 Q4 · Q&A responses: +5.42019 Q1 · Q&A responses: +12.12019 Q2 · Q&A responses: -3.42019 Q3 · Q&A responses: +0.32019 Q4 · Q&A responses: +14.92020 Q1 · Q&A responses: +6.62020 Q2 · Q&A responses: +9.42020 Q3 · Q&A responses: -1.92020 Q4 · Q&A responses: +5.32021 Q1 · Q&A responses: -3.72021 Q2 · Q&A responses: +4.82021 Q3 · Q&A responses: +10.32022 Q1 · Q&A responses: -0.72022 Q2 · Q&A responses: +4.82022 Q3 · Q&A responses: +8.42022 Q4 · Q&A responses: +6.12023 Q1 · Q&A responses: +0.72023 Q2 · Q&A responses: +5.12023 Q3 · Q&A responses: +4.82023 Q4 · Q&A responses: +7.02024 Q1 · Q&A responses: +5.62024 Q2 · Q&A responses: +5.22024 Q3 · Q&A responses: +2.22024 Q4 · Q&A responses: +6.92025 Q1 · Q&A responses: +2.4
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

$2.22$2.72$3.222005 Q42008 Q32011 Q12013 Q42016 Q32019 Q12021 Q32024 Q22014 Q1: $2.352014 Q2: $2.442014 Q3: $2.482014 Q4: $2.512015 Q1: $2.442015 Q2: $2.452015 Q3: $2.472015 Q4: $2.492016 Q1: $2.562016 Q3: $2.622016 Q4: $2.602017 Q1: $2.722017 Q2: $2.772017 Q3: $2.812017 Q4: $2.882018 Q1: $3.032018 Q2: $3.082018 Q3: $3.102018 Q4: $3.152019 Q1: $3.152019 Q2: $3.152019 Q3: $3.092019 Q4: $3.092020 Q1: $3.092020 Q2: $2.962020 Q3: $2.942020 Q4: $2.972021 Q1: $2.882021 Q2: $2.882021 Q3: $3.142022 Q1: $2.292022 Q2: $2.332022 Q3: $2.372022 Q4: $2.362023 Q1: $2.402023 Q2: $2.442023 Q3: $2.462023 Q4: $2.512024 Q1: $2.482024 Q2: $2.522024 Q3: $2.58

Forward P/E

9.9514.7919.642005 Q42008 Q32011 Q12013 Q42016 Q32019 Q12021 Q32024 Q22014 Q1: 13.202014 Q2: 15.102014 Q3: 13.552014 Q4: 14.572015 Q1: 13.822015 Q2: 13.952015 Q3: 12.592015 Q4: 10.622016 Q1: 13.612016 Q3: 12.672016 Q4: 13.502017 Q1: 13.352017 Q2: 13.222017 Q3: 13.432017 Q4: 14.282018 Q1: 12.502018 Q2: 13.132018 Q3: 13.942018 Q4: 14.512019 Q1: 15.772019 Q2: 15.872019 Q3: 15.502019 Q4: 14.682020 Q1: 10.702020 Q2: 13.012020 Q3: 12.312020 Q4: 14.292021 Q1: 14.922021 Q2: 16.012021 Q3: 16.212022 Q1: 18.972022 Q2: 18.102022 Q3: 18.712022 Q4: 18.142023 Q1: 17.402023 Q2: 16.482023 Q3: 16.692023 Q4: 16.332024 Q1: 14.892024 Q2: 13.822024 Q3: 15.28

Divergence watch ⚑

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

  • 2014 Q2 tone ↓ -6.2 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2014 Q4 tone ↓ -3.1 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↓ -2.4 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -12.8 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -2.7 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -2.3 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +8.6 fwd EPS ↓ -0.13 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↓ -4.0 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -2.8 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+7.5——View →
2024 Q42025-02-12+11.4——View →
2024 Q32024-10-30+6.3$2.5815.3View →
2024 Q22024-08-01+9.2$2.5213.8View →
2024 Q12024-05-02+8.2$2.4814.9View →
2023 Q42024-02-21+11.6$2.5116.3View →
2023 Q32023-11-02+8.9$2.4616.7View →
2023 Q22023-08-02+9.2$2.4416.5View →