Subtext

Fox Corporation FOXA

SectorCommunication Services
Transcripts23
Date range2019-08-07 – 2025-05-12
Calls charted23

Sentiment timeline

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

-15-8+0+8+152019 Q42020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q22019 Q4 · Overall: +7.02020 Q1 · Overall: +12.02020 Q2 · Overall: +9.42020 Q3 · Overall: +7.82020 Q4 · Overall: +4.72021 Q1 · Overall: +5.72021 Q2 · Overall: +8.32021 Q3 · Overall: +10.92021 Q4 · Overall: +10.22022 Q1 · Overall: +6.02022 Q2 · Overall: +10.42022 Q3 · Overall: +12.42022 Q4 · Overall: +10.22023 Q1 · Overall: +12.62023 Q2 · Overall: +13.12023 Q3 · Overall: +10.42023 Q4 · Overall: +12.22024 Q1 · Overall: +1.52024 Q2 · Overall: +9.72024 Q3 · Overall: +9.12025 Q1 · Overall: +13.22025 Q2 · Overall: +12.22025 Q3 · Overall: +9.7
Overall

CEO vs CFO

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

-30-15+0+15+302019 Q42020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q22019 Q4 · CEO: +25.52020 Q1 · CEO: +26.32020 Q2 · CEO: +18.92020 Q3 · CEO: +12.92020 Q4 · CEO: +11.32021 Q1 · CEO: +14.22021 Q2 · CEO: +14.32021 Q3 · CEO: +22.12021 Q4 · CEO: +13.72022 Q1 · CEO: +14.82022 Q2 · CEO: +20.02022 Q3 · CEO: +17.32022 Q4 · CEO: +21.52023 Q1 · CEO: +15.42023 Q2 · CEO: +20.42023 Q3 · CEO: +14.92023 Q4 · CEO: +19.92024 Q1 · CEO: +9.82024 Q2 · CEO: +18.02024 Q3 · CEO: +20.32025 Q1 · CEO: +21.22025 Q2 · CEO: +17.32025 Q3 · CEO: +15.22019 Q4 · CFO: +9.42020 Q1 · CFO: -1.92020 Q2 · CFO: +1.52020 Q3 · CFO: -1.62020 Q4 · CFO: -1.72021 Q1 · CFO: +0.02021 Q2 · CFO: +1.92021 Q3 · CFO: +1.82021 Q4 · CFO: +10.62022 Q1 · CFO: -3.02022 Q2 · CFO: +3.22022 Q3 · CFO: +14.42022 Q4 · CFO: -2.72023 Q1 · CFO: +11.42023 Q2 · CFO: +9.82023 Q3 · CFO: +7.42023 Q4 · CFO: +6.12024 Q1 · CFO: +14.92024 Q2 · CFO: -8.52024 Q3 · CFO: -5.62025 Q1 · CFO: +8.82025 Q2 · CFO: +20.02025 Q3 · CFO: +6.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-26-13+0+13+262019 Q42020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q22019 Q4 · Prepared remarks: +22.42020 Q1 · Prepared remarks: +13.62020 Q2 · Prepared remarks: +11.82020 Q3 · Prepared remarks: +3.62020 Q4 · Prepared remarks: +5.72021 Q1 · Prepared remarks: +9.92021 Q2 · Prepared remarks: +13.02021 Q3 · Prepared remarks: +18.52021 Q4 · Prepared remarks: +12.12022 Q1 · Prepared remarks: +9.72022 Q2 · Prepared remarks: +13.52022 Q3 · Prepared remarks: +13.92022 Q4 · Prepared remarks: +10.92023 Q1 · Prepared remarks: +18.52023 Q2 · Prepared remarks: +17.22023 Q3 · Prepared remarks: +9.92023 Q4 · Prepared remarks: +10.92024 Q1 · Prepared remarks: +4.72024 Q2 · Prepared remarks: +9.92024 Q3 · Prepared remarks: +11.52025 Q1 · Prepared remarks: +16.52025 Q2 · Prepared remarks: +15.62025 Q3 · Prepared remarks: +11.62019 Q4 · Q&A responses: +5.22020 Q1 · Q&A responses: -7.22020 Q2 · Q&A responses: +11.42020 Q3 · Q&A responses: +15.82021 Q1 · Q&A responses: +6.22021 Q2 · Q&A responses: +5.32021 Q3 · Q&A responses: +10.42021 Q4 · Q&A responses: +6.12022 Q1 · Q&A responses: +3.92022 Q2 · Q&A responses: +10.32022 Q3 · Q&A responses: +15.12023 Q1 · Q&A responses: +9.52023 Q2 · Q&A responses: +14.72023 Q3 · Q&A responses: +13.82023 Q4 · Q&A responses: +16.72024 Q1 · Q&A responses: +6.62024 Q3 · Q&A responses: +13.72025 Q1 · Q&A responses: +0.02025 Q2 · Q&A responses: +0.0
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

$1.86$2.88$3.902019 Q42020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q22019 Q4: $2.562020 Q1: $2.692020 Q2: $2.192020 Q3: $2.002020 Q4: $2.302021 Q1: $2.562021 Q2: $2.742021 Q3: $2.942021 Q4: $3.202022 Q1: $3.482022 Q2: $3.642022 Q3: $3.502022 Q4: $3.372023 Q1: $3.292023 Q2: $3.142023 Q3: $3.332023 Q4: $3.492024 Q1: $3.622024 Q2: $3.762024 Q3: $3.67

Forward P/E

7.5412.5217.492019 Q42020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q22019 Q4: 14.452020 Q1: 8.322020 Q2: 12.822020 Q3: 14.692020 Q4: 12.372021 Q1: 16.802021 Q2: 13.752021 Q3: 12.422021 Q4: 11.332022 Q1: 11.682022 Q2: 9.022022 Q3: 9.592022 Q4: 9.452023 Q1: 9.872023 Q2: 10.602023 Q3: 9.432023 Q4: 8.472024 Q1: 8.232024 Q2: 8.932024 Q3: 11.05

Divergence watch ⚑

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

  • 2020 Q4 tone ↓ -3.0 fwd EPS ↑ +0.30 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -4.2 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +2.0 fwd EPS ↓ -0.15 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↑ +2.4 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -2.7 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -10.7 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-05-12+9.7——View →
2025 Q22025-02-04+12.2——View →
2025 Q12024-11-04+13.2——View →
2024 Q32024-05-08+9.1$3.6711.1View →
2024 Q22024-02-07+9.7$3.768.9View →
2024 Q12023-11-02+1.5$3.628.2View →
2023 Q42023-08-08+12.2$3.498.5View →
2023 Q32023-05-09+10.4$3.339.4View →