Subtext

Hormel Foods Corporation HRL

SectorConsumer Staples
Transcripts64
Date range2009-02-19 – 2025-02-27
Calls charted64

Sentiment timeline

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

-24-12+0+12+242009 Q12011 Q22013 Q22015 Q22017 Q22019 Q22021 Q22023 Q22009 Q1 · Overall: +0.62009 Q2 · Overall: +1.62009 Q3 · Overall: +1.12009 Q4 · Overall: +1.12010 Q1 · Overall: +10.42010 Q2 · Overall: +3.12010 Q4 · Overall: +7.92011 Q1 · Overall: +10.72011 Q2 · Overall: +4.72011 Q3 · Overall: +3.12011 Q4 · Overall: +5.72012 Q1 · Overall: +2.52012 Q2 · Overall: +4.02012 Q3 · Overall: +6.42012 Q4 · Overall: +5.02013 Q1 · Overall: +2.72013 Q2 · Overall: +5.72013 Q3 · Overall: +5.42013 Q4 · Overall: +6.52014 Q1 · Overall: +7.92014 Q2 · Overall: +2.62014 Q3 · Overall: +4.42014 Q4 · Overall: +7.72015 Q1 · Overall: +15.62015 Q2 · Overall: +8.62015 Q3 · Overall: +7.02015 Q4 · Overall: +10.32016 Q1 · Overall: +21.02016 Q2 · Overall: +8.82016 Q3 · Overall: +6.92016 Q4 · Overall: +10.92017 Q1 · Overall: +6.62017 Q2 · Overall: +2.22017 Q3 · Overall: -0.72017 Q4 · Overall: +7.02018 Q1 · Overall: +14.72018 Q2 · Overall: +1.52018 Q3 · Overall: +5.22018 Q4 · Overall: +4.22019 Q1 · Overall: +4.82019 Q2 · Overall: -0.32019 Q3 · Overall: +6.92019 Q4 · Overall: +7.62020 Q1 · Overall: +4.52020 Q2 · Overall: +8.82020 Q3 · Overall: +9.02020 Q4 · Overall: +11.32021 Q1 · Overall: +11.42021 Q2 · Overall: +9.82021 Q3 · Overall: +5.72021 Q4 · Overall: +9.32022 Q1 · Overall: +11.92022 Q2 · Overall: +7.72022 Q3 · Overall: +8.22022 Q4 · Overall: +10.52023 Q1 · Overall: +0.12023 Q2 · Overall: +11.52023 Q3 · Overall: +9.52023 Q4 · Overall: +10.22024 Q1 · Overall: +15.72024 Q2 · Overall: +13.82024 Q3 · Overall: +10.52024 Q4 · Overall: +12.42025 Q1 · Overall: +14.3
Overall

CEO vs CFO

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

-31-16+0+16+312009 Q12011 Q22013 Q22015 Q22017 Q22019 Q22021 Q22023 Q22009 Q1 · CEO: +2.22009 Q2 · CEO: +4.32009 Q3 · CEO: +5.12009 Q4 · CEO: +6.72010 Q1 · CEO: +14.22010 Q2 · CEO: +8.82010 Q4 · CEO: +11.32011 Q1 · CEO: +11.82011 Q2 · CEO: +11.92011 Q3 · CEO: +9.52011 Q4 · CEO: +10.52012 Q1 · CEO: +5.82012 Q2 · CEO: +12.12012 Q3 · CEO: +14.02012 Q4 · CEO: +9.42013 Q1 · CEO: +7.92013 Q2 · CEO: +12.52013 Q3 · CEO: +10.82013 Q4 · CEO: +16.02014 Q1 · CEO: +16.62014 Q2 · CEO: +5.92014 Q3 · CEO: +10.12014 Q4 · CEO: +12.62015 Q4 · CEO: +19.12016 Q1 · CEO: +15.42016 Q2 · CEO: +13.52016 Q3 · CEO: +8.22016 Q4 · CEO: +17.12017 Q1 · CEO: +12.82017 Q2 · CEO: +6.22017 Q3 · CEO: +0.22017 Q4 · CEO: +10.72018 Q1 · CEO: +19.62018 Q2 · CEO: +10.32018 Q3 · CEO: +13.72018 Q4 · CEO: +10.02019 Q1 · CEO: +12.92019 Q2 · CEO: +6.82019 Q3 · CEO: +13.82019 Q4 · CEO: +11.32020 Q1 · CEO: +8.42020 Q2 · CEO: +13.22020 Q3 · CEO: +11.12020 Q4 · CEO: +15.82021 Q1 · CEO: +20.02021 Q2 · CEO: +14.62021 Q3 · CEO: +11.52021 Q4 · CEO: +13.82022 Q1 · CEO: +21.02022 Q2 · CEO: +16.32022 Q3 · CEO: +18.02022 Q4 · CEO: +19.82023 Q1 · CEO: +1.32023 Q2 · CEO: +17.62023 Q3 · CEO: +14.42023 Q4 · CEO: +16.62024 Q1 · CEO: +24.92024 Q2 · CEO: +27.12024 Q3 · CEO: +19.32024 Q4 · CEO: +26.22025 Q1 · CEO: +16.92009 Q1 · CFO: +2.92009 Q2 · CFO: -1.32009 Q3 · CFO: -3.92009 Q4 · CFO: -2.72010 Q1 · CFO: +7.82010 Q2 · CFO: -1.82010 Q4 · CFO: +8.02011 Q1 · CFO: +11.42011 Q2 · CFO: +6.82011 Q3 · CFO: +11.52011 Q4 · CFO: +5.42012 Q1 · CFO: +10.42012 Q2 · CFO: +0.02012 Q3 · CFO: +8.02012 Q4 · CFO: +0.02013 Q1 · CFO: +9.92013 Q2 · CFO: +10.52013 Q3 · CFO: +2.62013 Q4 · CFO: +4.52014 Q1 · CFO: -4.02014 Q2 · CFO: +5.22014 Q3 · CFO: +6.72014 Q4 · CFO: +2.12015 Q4 · CFO: +2.02016 Q1 · CFO: +18.72016 Q2 · CFO: +12.42016 Q3 · CFO: +0.02016 Q4 · CFO: +6.22017 Q1 · CFO: +3.72017 Q2 · CFO: +4.12017 Q3 · CFO: +4.22017 Q4 · CFO: +6.22018 Q1 · CFO: +6.72018 Q2 · CFO: +5.62018 Q3 · CFO: -0.52018 Q4 · CFO: +4.62019 Q1 · CFO: +0.72019 Q2 · CFO: -0.52019 Q3 · CFO: +5.22019 Q4 · CFO: +12.72020 Q1 · CFO: -0.72020 Q2 · CFO: +12.52020 Q3 · CFO: +13.12020 Q4 · CFO: +13.02021 Q1 · CFO: +16.82021 Q2 · CFO: +5.12021 Q3 · CFO: +5.32021 Q4 · CFO: +11.52022 Q1 · CFO: +5.22022 Q2 · CFO: +5.42022 Q3 · CFO: +6.32022 Q4 · CFO: +11.92023 Q1 · CFO: +6.02023 Q2 · CFO: +14.62023 Q3 · CFO: +11.72023 Q4 · CFO: +5.22024 Q1 · CFO: +20.12024 Q2 · CFO: +6.52024 Q3 · CFO: +5.92024 Q4 · CFO: +13.32025 Q1 · CFO: +18.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-30-15+0+15+302009 Q12011 Q22013 Q22015 Q22017 Q22019 Q22021 Q22023 Q22009 Q1 · Prepared remarks: +6.42009 Q2 · Prepared remarks: +4.62009 Q3 · Prepared remarks: +4.92009 Q4 · Prepared remarks: +3.82010 Q1 · Prepared remarks: +13.82010 Q2 · Prepared remarks: +11.32010 Q4 · Prepared remarks: +10.12011 Q1 · Prepared remarks: +10.72011 Q2 · Prepared remarks: +14.22011 Q3 · Prepared remarks: +9.32011 Q4 · Prepared remarks: +9.02012 Q1 · Prepared remarks: +6.32012 Q2 · Prepared remarks: +7.42012 Q3 · Prepared remarks: +12.62012 Q4 · Prepared remarks: +9.42013 Q1 · Prepared remarks: +11.82013 Q2 · Prepared remarks: +8.62013 Q3 · Prepared remarks: +11.52013 Q4 · Prepared remarks: +10.52014 Q1 · Prepared remarks: +7.92014 Q2 · Prepared remarks: +4.22014 Q3 · Prepared remarks: +1.22014 Q4 · Prepared remarks: +7.92015 Q1 · Prepared remarks: +11.02015 Q2 · Prepared remarks: +1.22015 Q3 · Prepared remarks: +9.52015 Q4 · Prepared remarks: +8.82016 Q1 · Prepared remarks: +21.22016 Q2 · Prepared remarks: +12.82016 Q3 · Prepared remarks: +11.72016 Q4 · Prepared remarks: +11.52017 Q1 · Prepared remarks: +0.42017 Q2 · Prepared remarks: -1.72017 Q3 · Prepared remarks: -0.92017 Q4 · Prepared remarks: +7.32018 Q1 · Prepared remarks: +15.32018 Q2 · Prepared remarks: +8.42018 Q3 · Prepared remarks: +4.32018 Q4 · Prepared remarks: +5.82019 Q1 · Prepared remarks: +8.02019 Q2 · Prepared remarks: +0.32019 Q3 · Prepared remarks: +6.92019 Q4 · Prepared remarks: +8.32020 Q1 · Prepared remarks: +4.42020 Q2 · Prepared remarks: +8.72020 Q3 · Prepared remarks: +10.32020 Q4 · Prepared remarks: +10.72021 Q1 · Prepared remarks: +20.32021 Q2 · Prepared remarks: +10.92021 Q3 · Prepared remarks: +8.52021 Q4 · Prepared remarks: +19.12022 Q1 · Prepared remarks: +15.52022 Q2 · Prepared remarks: +10.42022 Q3 · Prepared remarks: +12.82022 Q4 · Prepared remarks: +15.42023 Q1 · Prepared remarks: +0.82023 Q2 · Prepared remarks: +18.32023 Q3 · Prepared remarks: +15.22023 Q4 · Prepared remarks: +12.22024 Q1 · Prepared remarks: +26.22024 Q2 · Prepared remarks: +18.02024 Q3 · Prepared remarks: +16.02024 Q4 · Prepared remarks: +18.72025 Q1 · Prepared remarks: +22.22009 Q1 · Q&A responses: -0.32009 Q2 · Q&A responses: +2.02009 Q3 · Q&A responses: +1.42009 Q4 · Q&A responses: +2.32010 Q1 · Q&A responses: +12.42010 Q2 · Q&A responses: +2.12010 Q4 · Q&A responses: +9.12011 Q2 · Q&A responses: +7.32011 Q3 · Q&A responses: +5.42011 Q4 · Q&A responses: +8.22012 Q1 · Q&A responses: +4.82012 Q2 · Q&A responses: +8.02012 Q3 · Q&A responses: +8.32012 Q4 · Q&A responses: +6.42013 Q1 · Q&A responses: +1.92013 Q2 · Q&A responses: +8.52013 Q3 · Q&A responses: +6.32013 Q4 · Q&A responses: +10.32014 Q1 · Q&A responses: +13.72014 Q2 · Q&A responses: +4.92014 Q3 · Q&A responses: +11.22015 Q1 · Q&A responses: +25.32015 Q2 · Q&A responses: +15.02015 Q3 · Q&A responses: +11.02015 Q4 · Q&A responses: +13.02016 Q2 · Q&A responses: +8.72016 Q3 · Q&A responses: +7.52016 Q4 · Q&A responses: +13.52017 Q1 · Q&A responses: +14.92017 Q2 · Q&A responses: +9.42017 Q3 · Q&A responses: +3.92018 Q2 · Q&A responses: +6.42018 Q3 · Q&A responses: +11.32018 Q4 · Q&A responses: +9.92019 Q1 · Q&A responses: +4.32019 Q2 · Q&A responses: +7.02019 Q3 · Q&A responses: +8.42019 Q4 · Q&A responses: +12.92020 Q1 · Q&A responses: +6.72020 Q2 · Q&A responses: +15.62020 Q3 · Q&A responses: +12.02020 Q4 · Q&A responses: +17.02021 Q1 · Q&A responses: +13.82021 Q2 · Q&A responses: +15.82021 Q3 · Q&A responses: +7.82021 Q4 · Q&A responses: +6.62022 Q1 · Q&A responses: +18.02022 Q2 · Q&A responses: +13.62022 Q3 · Q&A responses: +13.52022 Q4 · Q&A responses: +15.42023 Q1 · Q&A responses: +4.62023 Q2 · Q&A responses: +9.32023 Q3 · Q&A responses: +11.62023 Q4 · Q&A responses: +12.22024 Q1 · Q&A responses: +13.92024 Q2 · Q&A responses: +23.12024 Q3 · Q&A responses: +13.72024 Q4 · Q&A responses: +16.62025 Q1 · Q&A responses: +16.9
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

$1.12$1.60$2.072009 Q12011 Q22013 Q22015 Q22017 Q22019 Q22021 Q22023 Q22014 Q1: $1.182014 Q2: $1.202014 Q3: $1.272014 Q4: $1.292015 Q1: $1.332015 Q2: $1.352015 Q3: $1.402015 Q4: $1.482016 Q1: $1.592016 Q2: $1.612016 Q3: $1.672016 Q4: $1.712017 Q1: $1.692017 Q2: $1.692017 Q3: $1.642017 Q4: $1.662018 Q1: $1.872018 Q2: $1.902018 Q3: $1.852018 Q4: $1.842019 Q1: $1.872019 Q2: $1.782019 Q3: $1.752019 Q4: $1.772020 Q1: $1.782020 Q2: $1.762020 Q3: $1.802020 Q4: $1.792021 Q1: $1.792021 Q2: $1.842021 Q3: $1.912021 Q4: $1.992022 Q1: $2.012022 Q2: $1.982022 Q3: $2.002022 Q4: $1.922023 Q1: $1.792023 Q2: $1.842023 Q3: $1.762023 Q4: $1.572024 Q1: $1.632024 Q2: $1.672024 Q3: $1.682024 Q4: $1.69

Forward P/E

17.2122.9428.672009 Q12011 Q22013 Q22015 Q22017 Q22019 Q22021 Q22023 Q22014 Q1: 19.932014 Q2: 20.472014 Q3: 19.832014 Q4: 19.712015 Q1: 21.032015 Q2: 21.132015 Q3: 22.422015 Q4: 27.002016 Q1: 27.882016 Q2: 21.232016 Q3: 21.802016 Q4: 20.082017 Q1: 20.922017 Q2: 20.542017 Q3: 19.072017 Q4: 22.322018 Q1: 18.002018 Q2: 19.012018 Q3: 21.422018 Q4: 23.352019 Q1: 22.882019 Q2: 23.182019 Q3: 24.562019 Q4: 25.052020 Q1: 27.162020 Q2: 27.232020 Q3: 27.502020 Q4: 26.432021 Q1: 26.732021 Q2: 26.022021 Q3: 21.772021 Q4: 24.482022 Q1: 24.602022 Q2: 22.632022 Q3: 22.942022 Q4: 24.222023 Q1: 22.052023 Q2: 22.422023 Q3: 21.362023 Q4: 20.782024 Q1: 21.192024 Q2: 18.222024 Q3: 19.282024 Q4: 18.88

Divergence watch ⚑

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

  • 2014 Q2 tone ↓ -5.3 fwd EPS ↑ +0.01 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -7.0 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -12.2 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -13.2 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↑ +3.7 fwd EPS ↓ -0.05 Tone rose while the forward EPS estimate was cut.
  • 2019 Q3 tone ↑ +7.2 fwd EPS ↓ -0.03 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -4.1 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +2.3 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-02-27+14.3——View →
2024 Q42024-12-04+12.4$1.6918.9View →
2024 Q32024-09-04+10.5$1.6819.3View →
2024 Q22024-05-30+13.8$1.6718.2View →
2024 Q12024-02-29+15.7$1.6321.2View →
2023 Q42023-11-29+10.2$1.5720.8View →
2023 Q32023-08-31+9.5$1.7621.4View →
2023 Q22023-06-01+11.5$1.8422.4View →