Subtext

Incyte Corporation INCY

SectorHealth Care
Transcripts33
Date range2017-05-04 – 2025-04-29
Calls charted33

Sentiment timeline

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

-10-5+0+5+102017 Q12018 Q22019 Q32020 Q42022 Q12023 Q22024 Q32017 Q1 · Overall: -1.72017 Q2 · Overall: +1.82017 Q3 · Overall: +7.02017 Q4 · Overall: +1.72018 Q1 · Overall: +2.62018 Q2 · Overall: +6.62018 Q3 · Overall: +5.92018 Q4 · Overall: +0.72019 Q1 · Overall: +4.32019 Q2 · Overall: +1.62019 Q3 · Overall: +8.82019 Q4 · Overall: +3.42020 Q1 · Overall: +3.12020 Q2 · Overall: +3.72020 Q3 · Overall: +6.42020 Q4 · Overall: +5.02021 Q1 · Overall: +6.12021 Q2 · Overall: +4.42021 Q3 · Overall: +6.42021 Q4 · Overall: +4.02022 Q1 · Overall: +3.82022 Q2 · Overall: +6.32022 Q3 · Overall: -0.22022 Q4 · Overall: +7.02023 Q1 · Overall: +6.42023 Q2 · Overall: +1.62023 Q3 · Overall: +3.62023 Q4 · Overall: +7.52024 Q1 · Overall: -0.22024 Q2 · Overall: +2.42024 Q3 · Overall: +2.22024 Q4 · Overall: -0.72025 Q1 · Overall: +1.9
Overall

CEO vs CFO

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

-11-6+0+6+112017 Q12018 Q22019 Q32020 Q42022 Q12023 Q22024 Q32017 Q4 · CEO: +9.82017 Q4 · CFO: +3.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-37-19+0+19+372017 Q12018 Q22019 Q32020 Q42022 Q12023 Q22024 Q32017 Q1 · Prepared remarks: +10.82017 Q2 · Prepared remarks: +11.32017 Q3 · Prepared remarks: +16.02017 Q4 · Prepared remarks: +10.92018 Q1 · Prepared remarks: +8.02018 Q2 · Prepared remarks: +13.72018 Q3 · Prepared remarks: +13.22018 Q4 · Prepared remarks: +9.72019 Q1 · Prepared remarks: +9.02019 Q2 · Prepared remarks: +16.82019 Q3 · Prepared remarks: +14.52019 Q4 · Prepared remarks: +15.32020 Q1 · Prepared remarks: +9.82020 Q2 · Prepared remarks: +14.02020 Q3 · Prepared remarks: +12.62020 Q4 · Prepared remarks: +14.02021 Q1 · Prepared remarks: +9.92021 Q2 · Prepared remarks: +18.32021 Q3 · Prepared remarks: +15.02021 Q4 · Prepared remarks: +11.22022 Q1 · Prepared remarks: +16.82022 Q2 · Prepared remarks: +16.52022 Q3 · Prepared remarks: +9.02022 Q4 · Prepared remarks: +9.32023 Q1 · Prepared remarks: +16.12023 Q2 · Prepared remarks: +12.62023 Q3 · Prepared remarks: +11.72023 Q4 · Prepared remarks: +15.12024 Q1 · Prepared remarks: +32.32024 Q2 · Prepared remarks: +8.32024 Q3 · Prepared remarks: +10.42024 Q4 · Prepared remarks: +9.62025 Q1 · Prepared remarks: +13.42017 Q1 · Q&A responses: -2.42017 Q2 · Q&A responses: +2.02017 Q3 · Q&A responses: +9.42017 Q4 · Q&A responses: +0.42018 Q1 · Q&A responses: +3.92018 Q2 · Q&A responses: +8.22018 Q3 · Q&A responses: +5.22018 Q4 · Q&A responses: +0.52019 Q1 · Q&A responses: +8.12019 Q2 · Q&A responses: +1.32019 Q3 · Q&A responses: +12.72019 Q4 · Q&A responses: +2.32020 Q1 · Q&A responses: +5.52020 Q2 · Q&A responses: +5.22020 Q3 · Q&A responses: +8.72020 Q4 · Q&A responses: +3.92021 Q1 · Q&A responses: +9.32021 Q2 · Q&A responses: +2.02021 Q3 · Q&A responses: +5.72021 Q4 · Q&A responses: +3.32022 Q1 · Q&A responses: +0.02022 Q2 · Q&A responses: +6.42022 Q3 · Q&A responses: +0.72022 Q4 · Q&A responses: +12.02023 Q1 · Q&A responses: +5.12023 Q2 · Q&A responses: +0.42023 Q3 · Q&A responses: +3.32023 Q4 · Q&A responses: +8.72024 Q1 · Q&A responses: +2.52024 Q2 · Q&A responses: +6.72024 Q3 · Q&A responses: +2.82024 Q4 · Q&A responses: +0.22025 Q1 · Q&A responses: +0.8
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

$-0.55$2.37$5.292017 Q12018 Q22019 Q32020 Q42022 Q12023 Q22024 Q32017 Q1: $0.552017 Q2: $-0.152017 Q3: $0.122017 Q4: $0.202018 Q1: $0.382018 Q2: $1.642018 Q3: $1.942018 Q4: $2.122019 Q1: $2.202019 Q2: $2.542019 Q3: $2.962019 Q4: $3.082020 Q1: $3.392020 Q2: $1.732020 Q3: $2.822020 Q4: $3.732021 Q1: $3.622021 Q2: $3.752021 Q3: $4.102021 Q4: $4.382022 Q1: $3.772022 Q2: $3.902022 Q3: $4.062022 Q4: $4.052023 Q1: $4.102023 Q2: $4.012023 Q3: $4.342023 Q4: $4.552024 Q1: $4.812024 Q2: $4.842024 Q3: $4.89

Forward P/E

-83.18608.751300.672017 Q12018 Q22019 Q32020 Q42022 Q12023 Q22024 Q32017 Q1: 276.312017 Q2: 1205.232017 Q3: 1008.902017 Q4: 490.502018 Q1: 244.402018 Q2: 43.012018 Q3: 34.752018 Q4: 29.602019 Q1: 38.662019 Q2: 33.352019 Q3: 26.492019 Q4: 29.602020 Q1: 19.732020 Q2: 55.652020 Q3: 31.872020 Q4: 23.122021 Q1: 22.192021 Q2: 22.192021 Q3: 17.922021 Q4: 16.442022 Q1: 19.812022 Q2: 17.582022 Q3: 16.842022 Q4: 20.412023 Q1: 17.682023 Q2: 15.302023 Q3: 14.552023 Q4: 14.112024 Q1: 12.262024 Q2: 12.682024 Q3: 13.33

Divergence watch ⚑

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

  • 2017 Q2 tone ↑ +3.4 fwd EPS ↓ -0.70 Tone rose while the forward EPS estimate was cut.
  • 2017 Q4 tone ↓ -5.4 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -5.2 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -2.7 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -5.4 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -2.4 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -6.6 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -7.7 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+1.9——View →
2024 Q42025-02-10-0.7——View →
2024 Q32024-10-29+2.2$4.8913.3View →
2024 Q22024-07-30+2.4$4.8412.7View →
2024 Q12024-04-30-0.2$4.8112.3View →
2023 Q42024-02-13+7.5$4.5514.1View →
2023 Q32023-10-31+3.6$4.3414.6View →
2023 Q22023-08-01+1.6$4.0115.3View →