Subtext

Fortive Corporation FTV

SectorIndustrials
Transcripts36
Date range2016-08-02 – 2025-05-01
Calls charted36

Sentiment timeline

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

-23-12+0+12+232016 Q22017 Q32018 Q42020 Q12021 Q22022 Q32023 Q42025 Q12016 Q2 · Overall: +13.22016 Q3 · Overall: +10.02016 Q4 · Overall: +11.22017 Q1 · Overall: +16.22017 Q2 · Overall: +18.62017 Q3 · Overall: +18.42017 Q4 · Overall: +17.32018 Q1 · Overall: +15.92018 Q2 · Overall: +15.22018 Q3 · Overall: +4.82018 Q4 · Overall: +11.32019 Q1 · Overall: +10.82019 Q2 · Overall: +6.52019 Q3 · Overall: +4.72019 Q4 · Overall: +9.62020 Q1 · Overall: -4.32020 Q2 · Overall: +12.32020 Q3 · Overall: +14.82020 Q4 · Overall: +18.72021 Q1 · Overall: +20.12021 Q2 · Overall: +19.12021 Q3 · Overall: +16.12021 Q4 · Overall: +12.82022 Q1 · Overall: +14.12022 Q2 · Overall: +15.72022 Q3 · Overall: +13.42022 Q4 · Overall: +11.12023 Q1 · Overall: +18.62023 Q2 · Overall: +15.62023 Q3 · Overall: +13.22023 Q4 · Overall: +14.12024 Q1 · Overall: +9.62024 Q2 · Overall: +10.12024 Q3 · Overall: +12.32024 Q4 · Overall: +13.02025 Q1 · Overall: +9.1
Overall

CEO vs CFO

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

-48-24+0+24+482016 Q22017 Q32018 Q42020 Q12021 Q22022 Q32023 Q42025 Q12016 Q2 · CEO: +20.12016 Q3 · CEO: +17.12016 Q4 · CEO: +17.12017 Q1 · CEO: +22.12017 Q2 · CEO: +29.52017 Q3 · CEO: +26.22017 Q4 · CEO: +25.62018 Q1 · CEO: +24.22018 Q2 · CEO: +27.52018 Q3 · CEO: +11.42018 Q4 · CEO: +22.82019 Q1 · CEO: +19.62019 Q2 · CEO: +11.22019 Q3 · CEO: +10.42019 Q4 · CEO: +13.52020 Q1 · CEO: -1.62020 Q2 · CEO: +16.72020 Q3 · CEO: +20.22020 Q4 · CEO: +26.02021 Q1 · CEO: +27.02021 Q2 · CEO: +24.72021 Q3 · CEO: +25.12021 Q4 · CEO: +21.02022 Q1 · CEO: +19.02022 Q2 · CEO: +22.22022 Q3 · CEO: +22.12022 Q4 · CEO: +18.52023 Q1 · CEO: +28.62023 Q2 · CEO: +23.32023 Q3 · CEO: +19.92023 Q4 · CEO: +22.62024 Q1 · CEO: +34.62024 Q2 · CEO: +18.32024 Q3 · CEO: +21.12024 Q4 · CEO: +41.52025 Q1 · CEO: +13.92016 Q2 · CFO: +36.12016 Q3 · CFO: +21.52016 Q4 · CFO: +8.22017 Q1 · CFO: +11.52017 Q2 · CFO: -10.72017 Q3 · CFO: +19.92017 Q4 · CFO: +13.72018 Q1 · CFO: +8.52018 Q2 · CFO: +0.82018 Q3 · CFO: -4.72018 Q4 · CFO: +1.12019 Q1 · CFO: +8.52019 Q2 · CFO: +9.02019 Q3 · CFO: +3.12019 Q4 · CFO: +18.72020 Q1 · CFO: +5.12020 Q2 · CFO: +14.22020 Q3 · CFO: +13.32020 Q4 · CFO: +9.22021 Q1 · CFO: +18.32021 Q2 · CFO: +21.32021 Q3 · CFO: +19.62021 Q4 · CFO: +12.32022 Q1 · CFO: +9.62022 Q2 · CFO: +16.82022 Q3 · CFO: +1.62022 Q4 · CFO: +4.52023 Q1 · CFO: +6.32023 Q2 · CFO: +12.82023 Q3 · CFO: +3.42023 Q4 · CFO: +8.82024 Q1 · CFO: +16.72024 Q2 · CFO: +11.52024 Q3 · CFO: +3.62024 Q4 · CFO: +17.32025 Q1 · CFO: +26.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-89-45+0+45+892016 Q22017 Q32018 Q42020 Q12021 Q22022 Q32023 Q42025 Q12016 Q2 · Prepared remarks: +12.02016 Q3 · Prepared remarks: +24.22016 Q4 · Prepared remarks: +14.42017 Q1 · Prepared remarks: +27.52017 Q2 · Prepared remarks: +77.42017 Q3 · Prepared remarks: +29.72017 Q4 · Prepared remarks: +26.72018 Q1 · Prepared remarks: +26.22018 Q2 · Prepared remarks: +28.82018 Q3 · Prepared remarks: +13.62018 Q4 · Prepared remarks: +27.32019 Q1 · Prepared remarks: +16.82019 Q2 · Prepared remarks: +12.42019 Q3 · Prepared remarks: +7.52019 Q4 · Prepared remarks: +15.22020 Q1 · Prepared remarks: -10.22020 Q2 · Prepared remarks: +10.52020 Q3 · Prepared remarks: +17.02020 Q4 · Prepared remarks: +30.42021 Q1 · Prepared remarks: +31.92021 Q2 · Prepared remarks: +22.82021 Q3 · Prepared remarks: +30.42021 Q4 · Prepared remarks: +19.12022 Q1 · Prepared remarks: +23.02022 Q2 · Prepared remarks: +23.52022 Q3 · Prepared remarks: +24.52022 Q4 · Prepared remarks: +20.02023 Q1 · Prepared remarks: +29.52023 Q2 · Prepared remarks: +31.12023 Q3 · Prepared remarks: +23.82023 Q4 · Prepared remarks: +23.62024 Q1 · Prepared remarks: +20.42024 Q2 · Prepared remarks: +16.22024 Q3 · Prepared remarks: +25.22024 Q4 · Prepared remarks: +13.02025 Q1 · Prepared remarks: +15.32016 Q2 · Q&A responses: +22.32016 Q3 · Q&A responses: +17.32016 Q4 · Q&A responses: +13.82017 Q1 · Q&A responses: +16.92017 Q2 · Q&A responses: +24.22017 Q3 · Q&A responses: +21.92017 Q4 · Q&A responses: +21.12018 Q1 · Q&A responses: +18.62018 Q2 · Q&A responses: +19.92018 Q3 · Q&A responses: +7.32018 Q4 · Q&A responses: +12.92019 Q1 · Q&A responses: +15.52019 Q2 · Q&A responses: +8.82019 Q3 · Q&A responses: +10.12019 Q4 · Q&A responses: +14.62020 Q1 · Q&A responses: +4.22020 Q2 · Q&A responses: +17.62020 Q3 · Q&A responses: +19.02020 Q4 · Q&A responses: +18.52021 Q1 · Q&A responses: +20.42021 Q2 · Q&A responses: +23.52021 Q3 · Q&A responses: +18.12021 Q4 · Q&A responses: +18.12022 Q1 · Q&A responses: +13.82022 Q2 · Q&A responses: +18.52022 Q3 · Q&A responses: +14.32022 Q4 · Q&A responses: +9.92023 Q1 · Q&A responses: +21.52023 Q2 · Q&A responses: +16.02023 Q3 · Q&A responses: +13.72023 Q4 · Q&A responses: +15.82024 Q1 · Q&A responses: +25.22024 Q2 · Q&A responses: +14.92024 Q3 · Q&A responses: +15.32025 Q1 · Q&A responses: +12.1
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

$2.29$3.24$4.202016 Q22017 Q32018 Q42020 Q12021 Q22022 Q32023 Q42025 Q12016 Q3: $2.562016 Q4: $2.692017 Q1: $2.742017 Q2: $2.862017 Q3: $2.992017 Q4: $3.212018 Q1: $3.502018 Q2: $3.632018 Q3: $3.722018 Q4: $3.572019 Q1: $3.602019 Q2: $3.792019 Q3: $3.772019 Q4: $3.772020 Q1: $3.832020 Q2: $3.172020 Q3: $3.562020 Q4: $2.422021 Q1: $2.572021 Q2: $2.752021 Q3: $2.932021 Q4: $3.052022 Q1: $3.192022 Q2: $3.252022 Q3: $3.322022 Q4: $3.342023 Q1: $3.442023 Q2: $3.522023 Q3: $3.642023 Q4: $3.652024 Q1: $3.882024 Q2: $3.992024 Q3: $4.07

Forward P/E

10.4320.1229.822016 Q22017 Q32018 Q42020 Q12021 Q22022 Q32023 Q42025 Q12016 Q3: 19.562016 Q4: 20.172017 Q1: 21.792017 Q2: 22.012017 Q3: 22.952017 Q4: 22.562018 Q1: 22.172018 Q2: 21.512018 Q3: 23.122018 Q4: 18.652019 Q1: 23.092019 Q2: 20.772019 Q3: 18.492019 Q4: 20.332020 Q1: 11.772020 Q2: 21.392020 Q3: 21.622020 Q4: 28.482021 Q1: 26.282021 Q2: 25.572021 Q3: 25.492021 Q4: 24.692022 Q1: 18.692022 Q2: 17.402022 Q3: 19.302022 Q4: 20.022023 Q1: 18.742023 Q2: 19.722023 Q3: 20.822023 Q4: 19.502024 Q1: 22.032024 Q2: 18.372024 Q3: 18.61

Divergence watch ⚑

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

  • 2018 Q3 tone ↓ -10.4 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↑ +6.5 fwd EPS ↓ -0.15 Tone rose while the forward EPS estimate was cut.
  • 2019 Q2 tone ↓ -4.3 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -13.9 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +16.6 fwd EPS ↓ -0.65 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↑ +3.9 fwd EPS ↓ -1.14 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -3.0 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -3.3 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -2.3 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -2.9 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -2.4 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -4.5 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+9.1——View →
2024 Q42025-02-07+13.0——View →
2024 Q32024-10-30+12.3$4.0718.6View →
2024 Q22024-07-24+10.1$3.9918.4View →
2024 Q12024-04-24+9.6$3.8822.0View →
2023 Q42024-01-31+14.1$3.6519.5View →
2023 Q32023-10-25+13.2$3.6420.8View →
2023 Q22023-07-26+15.6$3.5219.7View →