Subtext

Humana Inc. HUM

SectorHealth Care
Transcripts58
Date range2009-04-28 – 2025-04-30
Calls charted58

Sentiment timeline

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

-22-11+0+11+222009 Q12011 Q12013 Q12015 Q12018 Q42020 Q42022 Q42024 Q42009 Q1 · Overall: +3.72009 Q2 · Overall: +5.12009 Q3 · Overall: +5.32009 Q4 · Overall: +7.72010 Q1 · Overall: +8.62010 Q2 · Overall: +10.72010 Q3 · Overall: +8.62010 Q4 · Overall: +9.22011 Q1 · Overall: +8.82011 Q2 · Overall: +13.22011 Q3 · Overall: +12.02011 Q4 · Overall: +11.42012 Q1 · Overall: +4.02012 Q2 · Overall: +5.52012 Q3 · Overall: +8.82012 Q4 · Overall: +7.52013 Q1 · Overall: +7.72013 Q2 · Overall: +10.72013 Q3 · Overall: +9.72013 Q4 · Overall: +4.42014 Q1 · Overall: +6.12014 Q2 · Overall: +5.62014 Q3 · Overall: +10.22014 Q4 · Overall: +3.62015 Q1 · Overall: +2.12017 Q1 · Overall: +4.72017 Q2 · Overall: +16.82017 Q3 · Overall: +12.42017 Q4 · Overall: +13.72018 Q1 · Overall: +9.52018 Q2 · Overall: +10.62018 Q3 · Overall: +9.92018 Q4 · Overall: +8.82019 Q1 · Overall: +9.62019 Q2 · Overall: +12.62019 Q3 · Overall: +10.42019 Q4 · Overall: +11.22020 Q1 · Overall: -6.32020 Q2 · Overall: +1.82020 Q3 · Overall: +5.22020 Q4 · Overall: +1.82021 Q1 · Overall: +9.12021 Q2 · Overall: +1.02021 Q3 · Overall: +8.62021 Q4 · Overall: +12.42022 Q1 · Overall: +8.42022 Q2 · Overall: +12.42022 Q3 · Overall: +11.02022 Q4 · Overall: +10.72023 Q1 · Overall: +10.52023 Q2 · Overall: +18.82023 Q3 · Overall: +10.02023 Q4 · Overall: -2.32024 Q1 · Overall: -1.02024 Q2 · Overall: +6.62024 Q3 · Overall: +4.02024 Q4 · Overall: +15.42025 Q1 · Overall: +8.9
Overall

CEO vs CFO

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

-39-19+0+19+392009 Q12011 Q12013 Q12015 Q12018 Q42020 Q42022 Q42024 Q42009 Q1 · CEO: +8.42009 Q2 · CEO: +7.72009 Q3 · CEO: +11.22009 Q4 · CEO: +12.72010 Q1 · CEO: +12.12010 Q2 · CEO: +20.62010 Q3 · CEO: +14.62010 Q4 · CEO: +14.32011 Q1 · CEO: +16.52011 Q2 · CEO: +18.02011 Q3 · CEO: +20.52011 Q4 · CEO: +25.72012 Q1 · CEO: +23.02012 Q2 · CEO: +23.52012 Q3 · CEO: +16.92012 Q4 · CEO: +17.62013 Q1 · CEO: +16.42013 Q2 · CEO: +17.22013 Q3 · CEO: +29.02013 Q4 · CEO: +12.72014 Q1 · CEO: +17.22014 Q2 · CEO: +16.42014 Q3 · CEO: +28.52014 Q4 · CEO: +15.62015 Q1 · CEO: +21.52017 Q1 · CEO: +16.32017 Q2 · CEO: +24.62017 Q3 · CEO: +18.22017 Q4 · CEO: +19.92018 Q1 · CEO: +22.32018 Q2 · CEO: +18.62018 Q3 · CEO: +14.42018 Q4 · CEO: +18.82019 Q1 · CEO: +21.72019 Q2 · CEO: +29.22019 Q3 · CEO: +19.22019 Q4 · CEO: +18.42020 Q1 · CEO: -5.92020 Q2 · CEO: +12.42020 Q3 · CEO: +15.12020 Q4 · CEO: +6.82021 Q1 · CEO: +18.42021 Q2 · CEO: +22.12021 Q3 · CEO: +23.62021 Q4 · CEO: +24.92022 Q1 · CEO: +21.52022 Q3 · CEO: +33.92022 Q4 · CEO: +30.42023 Q1 · CEO: +23.02023 Q2 · CEO: +29.32023 Q3 · CEO: +27.62023 Q4 · CEO: +0.02024 Q1 · CEO: +4.42024 Q2 · CEO: +20.02024 Q3 · CEO: +10.12025 Q1 · CEO: +17.12009 Q1 · CFO: +2.42009 Q2 · CFO: +7.92009 Q3 · CFO: +6.92009 Q4 · CFO: +15.82010 Q1 · CFO: +11.02010 Q2 · CFO: +11.22010 Q3 · CFO: +11.32010 Q4 · CFO: +8.72011 Q1 · CFO: +10.42011 Q2 · CFO: +16.22011 Q3 · CFO: +14.72011 Q4 · CFO: +8.82012 Q1 · CFO: -1.42012 Q2 · CFO: +3.72012 Q3 · CFO: +13.92012 Q4 · CFO: +14.12013 Q1 · CFO: +16.92013 Q2 · CFO: +9.82013 Q3 · CFO: +16.92013 Q4 · CFO: +4.02014 Q1 · CFO: +14.02014 Q2 · CFO: +8.42014 Q3 · CFO: +11.62014 Q4 · CFO: -4.72015 Q1 · CFO: -1.82017 Q1 · CFO: +8.12017 Q2 · CFO: +19.32017 Q3 · CFO: +14.52017 Q4 · CFO: +14.72018 Q1 · CFO: +11.92018 Q2 · CFO: +10.32018 Q3 · CFO: +16.02018 Q4 · CFO: +9.32019 Q1 · CFO: +11.72019 Q2 · CFO: +13.22019 Q3 · CFO: +10.22019 Q4 · CFO: +16.12020 Q1 · CFO: +0.82020 Q2 · CFO: -2.72020 Q3 · CFO: +7.72020 Q4 · CFO: +0.62021 Q1 · CFO: +3.52021 Q2 · CFO: +1.82021 Q3 · CFO: +4.42021 Q4 · CFO: +9.92022 Q1 · CFO: +5.72022 Q2 · CFO: +9.72022 Q3 · CFO: +6.92022 Q4 · CFO: +7.32023 Q1 · CFO: +11.32023 Q2 · CFO: +17.52023 Q3 · CFO: +10.42023 Q4 · CFO: -1.72024 Q2 · CFO: +7.42024 Q3 · CFO: -3.72024 Q4 · CFO: +25.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-34-17+0+17+342009 Q12011 Q12013 Q12015 Q12018 Q42020 Q42022 Q42024 Q42009 Q1 · Prepared remarks: +7.12009 Q2 · Prepared remarks: +7.52009 Q3 · Prepared remarks: +11.22009 Q4 · Prepared remarks: +18.32010 Q1 · Prepared remarks: +15.92010 Q2 · Prepared remarks: +18.02010 Q3 · Prepared remarks: +20.42010 Q4 · Prepared remarks: +15.62011 Q1 · Prepared remarks: +15.02011 Q2 · Prepared remarks: +22.22011 Q3 · Prepared remarks: +27.52011 Q4 · Prepared remarks: +26.82012 Q1 · Prepared remarks: +16.52012 Q2 · Prepared remarks: +15.42012 Q3 · Prepared remarks: +21.72012 Q4 · Prepared remarks: +17.12013 Q1 · Prepared remarks: +16.32013 Q2 · Prepared remarks: +12.52013 Q3 · Prepared remarks: +25.32013 Q4 · Prepared remarks: +9.02014 Q1 · Prepared remarks: +18.12014 Q2 · Prepared remarks: +11.82014 Q3 · Prepared remarks: +20.02014 Q4 · Prepared remarks: +9.02015 Q1 · Prepared remarks: +7.42017 Q1 · Prepared remarks: +16.22017 Q2 · Prepared remarks: +23.12017 Q3 · Prepared remarks: +18.52017 Q4 · Prepared remarks: +18.62018 Q1 · Prepared remarks: +16.42018 Q2 · Prepared remarks: +14.32018 Q3 · Prepared remarks: +17.32018 Q4 · Prepared remarks: +17.92019 Q1 · Prepared remarks: +18.92019 Q2 · Prepared remarks: +24.02019 Q3 · Prepared remarks: +17.82019 Q4 · Prepared remarks: +23.92020 Q1 · Prepared remarks: -5.32020 Q2 · Prepared remarks: +7.12020 Q3 · Prepared remarks: +6.82020 Q4 · Prepared remarks: +3.42021 Q1 · Prepared remarks: +13.82021 Q2 · Prepared remarks: +15.52021 Q3 · Prepared remarks: +17.62021 Q4 · Prepared remarks: +22.82022 Q1 · Prepared remarks: +19.52022 Q2 · Prepared remarks: +24.92022 Q3 · Prepared remarks: +25.02022 Q4 · Prepared remarks: +23.92023 Q1 · Prepared remarks: +25.02023 Q2 · Prepared remarks: +29.82023 Q3 · Prepared remarks: +25.92023 Q4 · Prepared remarks: +3.02024 Q1 · Prepared remarks: +5.32024 Q2 · Prepared remarks: +24.72024 Q3 · Prepared remarks: +15.62024 Q4 · Prepared remarks: +29.52025 Q1 · Prepared remarks: +21.62009 Q1 · Q&A responses: +4.52009 Q2 · Q&A responses: +9.32009 Q3 · Q&A responses: +7.52009 Q4 · Q&A responses: +6.52010 Q1 · Q&A responses: +2.22010 Q2 · Q&A responses: +9.22010 Q3 · Q&A responses: +11.52010 Q4 · Q&A responses: +7.82011 Q1 · Q&A responses: +10.62011 Q2 · Q&A responses: +12.72011 Q3 · Q&A responses: +12.02011 Q4 · Q&A responses: +9.42012 Q1 · Q&A responses: +0.52012 Q2 · Q&A responses: +2.62012 Q3 · Q&A responses: +7.02012 Q4 · Q&A responses: +9.22013 Q1 · Q&A responses: +10.42013 Q2 · Q&A responses: +16.92013 Q3 · Q&A responses: +8.52013 Q4 · Q&A responses: +6.32014 Q1 · Q&A responses: +4.12014 Q2 · Q&A responses: +6.22014 Q3 · Q&A responses: +8.32014 Q4 · Q&A responses: +6.12015 Q1 · Q&A responses: +1.32017 Q1 · Q&A responses: +1.82017 Q2 · Q&A responses: +18.22017 Q3 · Q&A responses: +10.42017 Q4 · Q&A responses: +11.92018 Q1 · Q&A responses: +11.42018 Q2 · Q&A responses: +13.12018 Q3 · Q&A responses: +10.92018 Q4 · Q&A responses: +7.72019 Q1 · Q&A responses: +11.62019 Q2 · Q&A responses: +13.12019 Q3 · Q&A responses: +8.42019 Q4 · Q&A responses: +9.42020 Q1 · Q&A responses: -1.82020 Q2 · Q&A responses: +4.62020 Q3 · Q&A responses: +12.22020 Q4 · Q&A responses: +2.42021 Q1 · Q&A responses: +6.32021 Q2 · Q&A responses: -3.92021 Q3 · Q&A responses: +7.62021 Q4 · Q&A responses: +7.92022 Q1 · Q&A responses: +1.32022 Q2 · Q&A responses: +11.22022 Q3 · Q&A responses: +9.52022 Q4 · Q&A responses: +0.02023 Q1 · Q&A responses: +8.12023 Q2 · Q&A responses: +14.22023 Q3 · Q&A responses: +3.02023 Q4 · Q&A responses: -0.62024 Q1 · Q&A responses: +6.02024 Q2 · Q&A responses: +9.32024 Q3 · Q&A responses: +4.42024 Q4 · Q&A responses: +17.92025 Q1 · Q&A responses: +12.4
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

$6.13$19.78$33.422009 Q12011 Q12013 Q12015 Q12018 Q42020 Q42022 Q42024 Q42014 Q1: $8.022014 Q2: $8.322014 Q3: $8.532014 Q4: $8.872015 Q1: $9.162017 Q1: $11.172017 Q2: $11.632017 Q3: $12.102017 Q4: $12.132018 Q1: $14.342018 Q2: $15.392018 Q3: $16.412018 Q4: $17.452019 Q1: $17.932019 Q2: $18.142019 Q3: $18.482019 Q4: $18.662020 Q1: $19.512020 Q2: $20.322020 Q3: $21.332020 Q4: $21.682021 Q1: $22.322021 Q2: $23.162021 Q3: $23.772021 Q4: $23.992022 Q1: $24.962022 Q2: $26.142022 Q3: $27.102022 Q4: $28.052023 Q1: $29.092023 Q2: $30.212023 Q3: $31.152023 Q4: $31.542024 Q1: $18.422024 Q2: $18.322024 Q3: $19.07

Forward P/E

11.9616.8821.802009 Q12011 Q12013 Q12015 Q12018 Q42020 Q42022 Q42024 Q42014 Q1: 14.592014 Q2: 15.012014 Q3: 15.542014 Q4: 16.162015 Q1: 19.502017 Q1: 19.622017 Q2: 19.912017 Q3: 20.792017 Q4: 21.122018 Q1: 18.872018 Q2: 19.902018 Q3: 20.462018 Q4: 16.232019 Q1: 15.782019 Q2: 14.162019 Q3: 14.782019 Q4: 19.702020 Q1: 12.642020 Q2: 18.702020 Q3: 18.712020 Q4: 18.122021 Q1: 18.062021 Q2: 18.492021 Q3: 16.872021 Q4: 19.252022 Q1: 17.742022 Q2: 16.582022 Q3: 16.932022 Q4: 18.592023 Q1: 16.632023 Q2: 15.062023 Q3: 15.172023 Q4: 15.482024 Q1: 18.742024 Q2: 19.082024 Q3: 16.54

Divergence watch ⚑

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

  • 2014 Q4 tone ↓ -6.6 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -4.4 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -4.2 fwd EPS ↑ +2.21 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -2.2 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -17.5 fwd EPS ↑ +0.85 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -3.4 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -8.1 fwd EPS ↑ +0.84 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -4.0 fwd EPS ↑ +0.98 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -8.8 fwd EPS ↑ +0.93 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -12.3 fwd EPS ↑ +0.39 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -2.7 fwd EPS ↑ +0.74 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-30+8.9——View →
2024 Q42025-02-11+15.4——View →
2024 Q32024-10-30+4.0$19.0716.5View →
2024 Q22024-07-31+6.6$18.3219.1View →
2024 Q12024-04-24-1.0$18.4218.7View →
2023 Q42024-01-25-2.3$31.5415.5View →
2023 Q32023-11-01+10.0$31.1515.2View →
2023 Q22023-08-02+18.8$30.2115.1View →