Subtext

HCA Healthcare, Inc. HCA

SectorHealth Care
Transcripts41
Date range2015-05-05 – 2025-04-25
Calls charted41

Sentiment timeline

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

-17-9+0+9+172015 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12015 Q1 · Overall: +10.22015 Q2 · Overall: +6.32015 Q3 · Overall: -2.12015 Q4 · Overall: +8.02016 Q1 · Overall: +1.92016 Q2 · Overall: +4.72016 Q3 · Overall: +4.82016 Q4 · Overall: +4.42017 Q1 · Overall: +1.42017 Q2 · Overall: +1.62017 Q3 · Overall: +1.82017 Q4 · Overall: +11.82018 Q1 · Overall: +1.02018 Q2 · Overall: +6.52018 Q3 · Overall: +5.72018 Q4 · Overall: +10.62019 Q1 · Overall: +11.22019 Q2 · Overall: +5.42019 Q3 · Overall: +11.42019 Q4 · Overall: +11.52020 Q1 · Overall: -0.12020 Q2 · Overall: +5.92020 Q3 · Overall: +1.02020 Q4 · Overall: +10.62021 Q1 · Overall: +6.42021 Q2 · Overall: +5.32021 Q3 · Overall: +7.62021 Q4 · Overall: +2.72022 Q1 · Overall: +2.32022 Q2 · Overall: +7.92022 Q3 · Overall: +5.02022 Q4 · Overall: +10.32023 Q1 · Overall: +9.42023 Q2 · Overall: +9.82023 Q3 · Overall: +5.22023 Q4 · Overall: +15.22024 Q1 · Overall: +3.42024 Q2 · Overall: +9.02024 Q3 · Overall: +5.82024 Q4 · Overall: +8.42025 Q1 · Overall: +5.0
Overall

CEO vs CFO

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

-42-21+0+21+422015 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12015 Q1 · CEO: +16.12015 Q2 · CEO: +15.32015 Q3 · CEO: +6.02015 Q4 · CEO: +18.02016 Q1 · CEO: +20.42016 Q2 · CEO: +9.02016 Q3 · CEO: +5.12016 Q4 · CEO: +5.12017 Q1 · CEO: +7.82017 Q2 · CEO: +14.02017 Q3 · CEO: -12.12017 Q4 · CEO: +16.42018 Q1 · CEO: +8.12018 Q2 · CEO: +8.32018 Q3 · CEO: +9.32018 Q4 · CEO: +36.82019 Q2 · CEO: +13.92019 Q4 · CEO: +19.52020 Q1 · CEO: +1.52020 Q2 · CEO: +8.12020 Q3 · CEO: +9.42020 Q4 · CEO: +12.32021 Q1 · CEO: +11.72021 Q2 · CEO: +9.52021 Q3 · CEO: +12.72021 Q4 · CEO: +8.02022 Q1 · CEO: +7.52022 Q2 · CEO: +12.12022 Q3 · CEO: +12.52022 Q4 · CEO: +15.62023 Q1 · CEO: +16.92023 Q2 · CEO: +16.42023 Q3 · CEO: +11.82023 Q4 · CEO: +21.62024 Q1 · CEO: +32.32024 Q2 · CEO: +17.32024 Q3 · CEO: +11.32024 Q4 · CEO: +13.02025 Q1 · CEO: +10.72015 Q3 · CFO: -15.52016 Q2 · CFO: +5.82016 Q3 · CFO: +13.92016 Q4 · CFO: +2.42017 Q1 · CFO: +5.42017 Q2 · CFO: -9.32017 Q3 · CFO: +0.02017 Q4 · CFO: +7.42018 Q1 · CFO: -6.32018 Q2 · CFO: -0.72018 Q3 · CFO: +1.22018 Q4 · CFO: +8.72019 Q1 · CFO: +15.22019 Q2 · CFO: +8.42019 Q4 · CFO: +14.02020 Q3 · CFO: -1.62022 Q2 · CFO: +22.82024 Q1 · CFO: +12.72024 Q2 · CFO: +11.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-55-28+0+28+552015 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12015 Q1 · Prepared remarks: +9.02015 Q2 · Prepared remarks: +6.42015 Q3 · Prepared remarks: -2.42015 Q4 · Prepared remarks: +16.92016 Q1 · Prepared remarks: +1.52016 Q2 · Prepared remarks: +5.62016 Q3 · Prepared remarks: +0.42016 Q4 · Prepared remarks: +5.32017 Q1 · Prepared remarks: -2.02017 Q2 · Prepared remarks: +4.62017 Q3 · Prepared remarks: -8.42017 Q4 · Prepared remarks: +11.72018 Q1 · Prepared remarks: -0.52018 Q2 · Prepared remarks: +3.52018 Q3 · Prepared remarks: +5.62018 Q4 · Prepared remarks: +13.12019 Q1 · Prepared remarks: +10.02019 Q2 · Prepared remarks: +7.22019 Q3 · Prepared remarks: +10.02019 Q4 · Prepared remarks: +16.92020 Q1 · Prepared remarks: +2.32020 Q2 · Prepared remarks: +10.82020 Q3 · Prepared remarks: -3.12020 Q4 · Prepared remarks: +10.02021 Q1 · Prepared remarks: +10.62021 Q2 · Prepared remarks: +4.72021 Q3 · Prepared remarks: +13.92021 Q4 · Prepared remarks: +7.02022 Q1 · Prepared remarks: +9.52022 Q2 · Prepared remarks: +12.72022 Q3 · Prepared remarks: +8.42022 Q4 · Prepared remarks: +10.72023 Q1 · Prepared remarks: +14.22023 Q2 · Prepared remarks: +6.22023 Q3 · Prepared remarks: +6.22023 Q4 · Prepared remarks: +22.52024 Q1 · Prepared remarks: +48.12024 Q2 · Prepared remarks: +20.62024 Q3 · Prepared remarks: +7.72024 Q4 · Prepared remarks: +13.62025 Q1 · Prepared remarks: +17.22015 Q1 · Q&A responses: +11.22015 Q3 · Q&A responses: +3.92015 Q4 · Q&A responses: +0.02016 Q1 · Q&A responses: +13.12016 Q2 · Q&A responses: +7.62016 Q3 · Q&A responses: +9.32016 Q4 · Q&A responses: -1.12017 Q1 · Q&A responses: +6.22017 Q2 · Q&A responses: +2.92017 Q3 · Q&A responses: +10.02017 Q4 · Q&A responses: +31.72018 Q1 · Q&A responses: +2.62018 Q2 · Q&A responses: +10.52018 Q3 · Q&A responses: +9.42018 Q4 · Q&A responses: +12.52019 Q1 · Q&A responses: +15.12019 Q2 · Q&A responses: +10.92019 Q3 · Q&A responses: +14.72019 Q4 · Q&A responses: +16.22020 Q1 · Q&A responses: -0.32020 Q2 · Q&A responses: +5.92020 Q3 · Q&A responses: +8.12020 Q4 · Q&A responses: +13.32021 Q1 · Q&A responses: +9.72021 Q2 · Q&A responses: +8.12021 Q3 · Q&A responses: +10.22021 Q4 · Q&A responses: +6.02022 Q1 · Q&A responses: +5.72022 Q2 · Q&A responses: +13.62022 Q3 · Q&A responses: +12.42022 Q4 · Q&A responses: +17.02023 Q1 · Q&A responses: +16.22023 Q2 · Q&A responses: +17.52023 Q3 · Q&A responses: +12.92023 Q4 · Q&A responses: +19.22024 Q1 · Q&A responses: +13.42024 Q2 · Q&A responses: +12.82024 Q3 · Q&A responses: +10.42024 Q4 · Q&A responses: +11.82025 Q1 · Q&A responses: +8.3
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

$3.52$14.80$26.082015 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12015 Q1: $5.082015 Q2: $5.492015 Q3: $5.682015 Q4: $5.792016 Q1: $6.412016 Q2: $6.772016 Q3: $6.932016 Q4: $7.102017 Q1: $7.532017 Q2: $7.722017 Q3: $7.672017 Q4: $7.282018 Q1: $8.862018 Q2: $9.162018 Q3: $9.792018 Q4: $10.152019 Q1: $10.292019 Q2: $10.892019 Q3: $11.122019 Q4: $11.602020 Q1: $11.952020 Q2: $8.632020 Q3: $11.382020 Q4: $11.942021 Q1: $13.072021 Q2: $14.652021 Q3: $17.452021 Q4: $18.712022 Q1: $19.402022 Q2: $18.272022 Q3: $18.542022 Q4: $18.212023 Q1: $17.772023 Q2: $19.052023 Q3: $19.892023 Q4: $19.562024 Q1: $21.212024 Q2: $22.022024 Q3: $24.212024 Q4: $24.52

Forward P/E

4.8311.1117.392015 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12015 Q1: 14.772015 Q2: 15.342015 Q3: 14.992015 Q4: 11.312016 Q1: 11.622016 Q2: 11.492016 Q3: 10.842016 Q4: 10.292017 Q1: 11.372017 Q2: 11.062017 Q3: 10.292017 Q4: 12.032018 Q1: 11.502018 Q2: 11.542018 Q3: 13.472018 Q4: 12.042019 Q1: 12.712019 Q2: 11.952019 Q3: 11.292019 Q4: 12.422020 Q1: 5.702020 Q2: 11.482020 Q3: 12.132020 Q4: 13.532021 Q1: 14.202021 Q2: 14.112021 Q3: 14.692021 Q4: 13.572022 Q1: 13.732022 Q2: 9.952022 Q3: 11.262022 Q4: 13.442023 Q1: 13.932023 Q2: 14.922023 Q3: 13.192023 Q4: 13.722024 Q1: 15.182024 Q2: 15.472024 Q3: 16.522024 Q4: 12.20

Divergence watch ⚑

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

  • 2015 Q2 tone ↓ -3.9 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -8.4 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↓ -6.2 fwd EPS ↑ +0.62 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -3.0 fwd EPS ↑ +0.43 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↑ +10.1 fwd EPS ↓ -0.39 Tone rose while the forward EPS estimate was cut.
  • 2018 Q1 tone ↓ -10.8 fwd EPS ↑ +1.58 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -5.8 fwd EPS ↑ +0.60 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -11.6 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +6.1 fwd EPS ↓ -3.32 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -4.9 fwd EPS ↑ +2.75 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -4.1 fwd EPS ↑ +1.13 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -4.9 fwd EPS ↑ +1.26 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↑ +5.7 fwd EPS ↓ -1.14 Tone rose while the forward EPS estimate was cut.
  • 2022 Q3 tone ↓ -2.9 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +5.3 fwd EPS ↓ -0.33 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -4.6 fwd EPS ↑ +0.85 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +10.0 fwd EPS ↓ -0.34 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -11.8 fwd EPS ↑ +1.65 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -3.2 fwd EPS ↑ +2.19 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-25+5.0——View →
2024 Q42025-01-24+8.4$24.5212.2View →
2024 Q32024-10-25+5.8$24.2116.5View →
2024 Q22024-07-23+9.0$22.0215.5View →
2024 Q12024-04-26+3.4$21.2115.2View →
2023 Q42024-01-30+15.2$19.5613.7View →
2023 Q32023-10-24+5.2$19.8913.2View →
2023 Q22023-07-27+9.8$19.0514.9View →