Subtext

The Interpublic Group of Companies, Inc. IPG

SectorCommunication Services
Transcripts72
Date range2007-08-07 – 2025-04-24
Calls charted72

Sentiment timeline

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

-22-11+0+11+222007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Overall: +10.12007 Q3 · Overall: +9.22007 Q4 · Overall: +11.12008 Q1 · Overall: +9.22008 Q2 · Overall: +10.22008 Q3 · Overall: +5.72008 Q4 · Overall: +3.52009 Q1 · Overall: +1.12009 Q2 · Overall: -1.42009 Q3 · Overall: +3.52009 Q4 · Overall: +8.62010 Q1 · Overall: +6.92010 Q2 · Overall: +13.52010 Q3 · Overall: +12.72010 Q4 · Overall: +14.52011 Q1 · Overall: +13.32011 Q2 · Overall: +4.72011 Q3 · Overall: +9.32011 Q4 · Overall: +10.52012 Q1 · Overall: +12.12012 Q2 · Overall: +9.62012 Q3 · Overall: +5.82012 Q4 · Overall: +13.02013 Q1 · Overall: +7.02013 Q2 · Overall: +8.72013 Q3 · Overall: +10.92013 Q4 · Overall: +10.52014 Q1 · Overall: +11.72014 Q2 · Overall: +8.92014 Q3 · Overall: +9.82014 Q4 · Overall: +11.82015 Q1 · Overall: +12.32015 Q2 · Overall: +10.92015 Q3 · Overall: +17.12015 Q4 · Overall: +9.42016 Q1 · Overall: +19.42016 Q2 · Overall: +10.32016 Q3 · Overall: +10.92016 Q4 · Overall: +14.22017 Q1 · Overall: +11.42017 Q2 · Overall: +7.02017 Q3 · Overall: +7.22017 Q4 · Overall: +13.32018 Q1 · Overall: +10.42018 Q2 · Overall: +13.32018 Q3 · Overall: +17.12018 Q4 · Overall: +14.32019 Q1 · Overall: +8.02019 Q2 · Overall: +12.52019 Q3 · Overall: +10.72019 Q4 · Overall: +11.42020 Q1 · Overall: -0.12020 Q2 · Overall: +4.52020 Q3 · Overall: +13.02020 Q4 · Overall: +2.82021 Q1 · Overall: +5.12021 Q2 · Overall: +13.42021 Q3 · Overall: +10.12021 Q4 · Overall: +15.62022 Q1 · Overall: +8.12022 Q2 · Overall: +3.92022 Q3 · Overall: +5.52022 Q4 · Overall: +8.12023 Q1 · Overall: +3.62023 Q2 · Overall: +7.82023 Q3 · Overall: +0.62023 Q4 · Overall: +10.62024 Q1 · Overall: -5.12024 Q2 · Overall: +9.52024 Q3 · Overall: +7.32024 Q4 · Overall: +11.82025 Q1 · Overall: +7.5
Overall

CEO vs CFO

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

-28-14+0+14+282007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · CEO: +20.22007 Q3 · CEO: +14.22007 Q4 · CEO: +19.62008 Q1 · CEO: +7.52008 Q2 · CEO: +16.82008 Q3 · CEO: +7.32008 Q4 · CEO: +6.72009 Q1 · CEO: +6.32009 Q2 · CEO: +2.42009 Q4 · CEO: +12.42010 Q1 · CEO: +14.52010 Q2 · CEO: +23.52010 Q3 · CEO: +19.02010 Q4 · CEO: +22.92011 Q1 · CEO: +20.22011 Q2 · CEO: +10.22011 Q3 · CEO: +15.12011 Q4 · CEO: +13.62012 Q1 · CEO: +16.32012 Q2 · CEO: +14.52012 Q3 · CEO: +11.52012 Q4 · CEO: +18.32013 Q1 · CEO: +12.52013 Q2 · CEO: +15.22013 Q3 · CEO: +18.32013 Q4 · CEO: +18.32014 Q1 · CEO: +16.72014 Q2 · CEO: +14.82014 Q3 · CEO: +14.12014 Q4 · CEO: +17.62015 Q1 · CEO: +16.82015 Q2 · CEO: +15.02015 Q3 · CEO: +21.12015 Q4 · CEO: +14.12016 Q2 · CEO: +16.32020 Q2 · CEO: +6.62020 Q4 · CEO: +6.32021 Q1 · CEO: +10.02021 Q2 · CEO: +18.92021 Q3 · CEO: +14.32021 Q4 · CEO: +20.52022 Q1 · CEO: +11.72022 Q2 · CEO: +8.22022 Q3 · CEO: +11.52022 Q4 · CEO: +13.52023 Q1 · CEO: +9.12023 Q2 · CEO: +12.02023 Q3 · CEO: +3.72023 Q4 · CEO: +12.22024 Q1 · CEO: +4.22024 Q2 · CEO: +10.92024 Q3 · CEO: +11.32024 Q4 · CEO: +16.32025 Q1 · CEO: +13.52007 Q2 · CFO: +0.02007 Q3 · CFO: +24.42007 Q4 · CFO: +10.72008 Q1 · CFO: +12.02008 Q2 · CFO: +13.42008 Q3 · CFO: +18.12008 Q4 · CFO: +3.62009 Q1 · CFO: -3.02009 Q2 · CFO: -4.92009 Q4 · CFO: +8.32010 Q1 · CFO: +0.42010 Q2 · CFO: +9.82010 Q3 · CFO: +15.42010 Q4 · CFO: +17.12011 Q1 · CFO: +12.92011 Q2 · CFO: +7.22011 Q3 · CFO: +11.42011 Q4 · CFO: +15.32012 Q1 · CFO: +13.52012 Q2 · CFO: +9.62012 Q3 · CFO: +3.02012 Q4 · CFO: +7.02013 Q1 · CFO: +4.72013 Q2 · CFO: +0.62013 Q3 · CFO: +1.32013 Q4 · CFO: +3.02014 Q1 · CFO: +7.92014 Q2 · CFO: +3.12014 Q3 · CFO: +10.02014 Q4 · CFO: +10.12015 Q1 · CFO: +10.52019 Q4 · CFO: +5.42020 Q2 · CFO: -8.72020 Q4 · CFO: -9.52021 Q1 · CFO: -10.32021 Q2 · CFO: -2.32021 Q3 · CFO: +6.92021 Q4 · CFO: +9.52022 Q1 · CFO: +1.82022 Q2 · CFO: +0.02022 Q3 · CFO: +0.02022 Q4 · CFO: +3.32023 Q1 · CFO: -1.52023 Q2 · CFO: +1.72023 Q3 · CFO: +0.72023 Q4 · CFO: +9.62024 Q1 · CFO: -6.02024 Q2 · CFO: +6.62024 Q3 · CFO: +2.02024 Q4 · CFO: +5.22025 Q1 · CFO: -1.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-30-15+0+15+302007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Prepared remarks: +9.52007 Q3 · Prepared remarks: +14.42007 Q4 · Prepared remarks: +10.02008 Q1 · Prepared remarks: +15.72008 Q2 · Prepared remarks: +17.42008 Q3 · Prepared remarks: +16.62008 Q4 · Prepared remarks: +13.52009 Q1 · Prepared remarks: +0.72009 Q2 · Prepared remarks: +3.02009 Q3 · Prepared remarks: +6.92009 Q4 · Prepared remarks: +12.32010 Q1 · Prepared remarks: +11.22010 Q2 · Prepared remarks: +24.72010 Q3 · Prepared remarks: +20.92010 Q4 · Prepared remarks: +26.52011 Q1 · Prepared remarks: +19.02011 Q2 · Prepared remarks: +14.02011 Q3 · Prepared remarks: +12.82011 Q4 · Prepared remarks: +22.92012 Q1 · Prepared remarks: +12.22012 Q2 · Prepared remarks: +12.42012 Q3 · Prepared remarks: +10.82012 Q4 · Prepared remarks: +13.22013 Q1 · Prepared remarks: +12.52013 Q2 · Prepared remarks: +14.92013 Q3 · Prepared remarks: +13.62013 Q4 · Prepared remarks: +13.62014 Q1 · Prepared remarks: +19.12014 Q2 · Prepared remarks: +23.92014 Q3 · Prepared remarks: +20.32014 Q4 · Prepared remarks: +22.92015 Q1 · Prepared remarks: +17.82015 Q2 · Prepared remarks: +21.22015 Q3 · Prepared remarks: +25.02015 Q4 · Prepared remarks: +19.72016 Q1 · Prepared remarks: +25.52016 Q2 · Prepared remarks: +17.52016 Q3 · Prepared remarks: +19.52016 Q4 · Prepared remarks: +20.02017 Q1 · Prepared remarks: +22.62017 Q2 · Prepared remarks: +16.92017 Q3 · Prepared remarks: +10.42017 Q4 · Prepared remarks: +16.12018 Q1 · Prepared remarks: +17.32018 Q2 · Prepared remarks: +20.82018 Q3 · Prepared remarks: +23.42018 Q4 · Prepared remarks: +20.52019 Q1 · Prepared remarks: +19.82019 Q2 · Prepared remarks: +20.72019 Q3 · Prepared remarks: +18.72019 Q4 · Prepared remarks: +17.22020 Q1 · Prepared remarks: -0.62020 Q2 · Prepared remarks: +3.72020 Q3 · Prepared remarks: +13.12020 Q4 · Prepared remarks: +8.22021 Q1 · Prepared remarks: +7.72021 Q2 · Prepared remarks: +25.92021 Q3 · Prepared remarks: +15.82021 Q4 · Prepared remarks: +20.62022 Q1 · Prepared remarks: +13.72022 Q2 · Prepared remarks: +11.32022 Q3 · Prepared remarks: +12.72022 Q4 · Prepared remarks: +13.52023 Q1 · Prepared remarks: +7.02023 Q2 · Prepared remarks: +14.12023 Q3 · Prepared remarks: +5.42023 Q4 · Prepared remarks: +15.72024 Q1 · Prepared remarks: +21.62024 Q2 · Prepared remarks: +15.92024 Q3 · Prepared remarks: +14.22024 Q4 · Prepared remarks: +15.42025 Q1 · Prepared remarks: +13.52007 Q2 · Q&A responses: +13.12007 Q3 · Q&A responses: +6.42007 Q4 · Q&A responses: +21.92008 Q1 · Q&A responses: +6.72008 Q2 · Q&A responses: +12.62008 Q3 · Q&A responses: +6.52008 Q4 · Q&A responses: -3.82009 Q1 · Q&A responses: +1.62009 Q2 · Q&A responses: -3.72009 Q3 · Q&A responses: +6.42009 Q4 · Q&A responses: +9.22010 Q1 · Q&A responses: +8.32010 Q2 · Q&A responses: +9.32010 Q3 · Q&A responses: +13.02010 Q4 · Q&A responses: +14.12011 Q1 · Q&A responses: +13.72011 Q2 · Q&A responses: +3.72011 Q3 · Q&A responses: -0.62011 Q4 · Q&A responses: -2.72012 Q2 · Q&A responses: +13.02012 Q3 · Q&A responses: +6.32012 Q4 · Q&A responses: +15.12013 Q1 · Q&A responses: +7.42013 Q2 · Q&A responses: +9.22013 Q3 · Q&A responses: +15.32013 Q4 · Q&A responses: +12.82014 Q1 · Q&A responses: +7.92014 Q2 · Q&A responses: +4.72014 Q3 · Q&A responses: +8.42014 Q4 · Q&A responses: +5.52015 Q1 · Q&A responses: +13.82015 Q2 · Q&A responses: +6.12015 Q3 · Q&A responses: +15.42015 Q4 · Q&A responses: +0.92016 Q1 · Q&A responses: +16.72016 Q2 · Q&A responses: +7.52016 Q3 · Q&A responses: +7.72016 Q4 · Q&A responses: +13.92017 Q1 · Q&A responses: +9.62017 Q2 · Q&A responses: +0.62017 Q3 · Q&A responses: +7.32017 Q4 · Q&A responses: +6.62018 Q1 · Q&A responses: +7.02018 Q2 · Q&A responses: +11.12018 Q3 · Q&A responses: +15.32018 Q4 · Q&A responses: +10.12019 Q1 · Q&A responses: +4.32019 Q2 · Q&A responses: +4.92019 Q3 · Q&A responses: +9.52019 Q4 · Q&A responses: +9.02020 Q1 · Q&A responses: +1.02020 Q2 · Q&A responses: +11.72020 Q3 · Q&A responses: +16.02020 Q4 · Q&A responses: +0.42021 Q1 · Q&A responses: +6.52021 Q2 · Q&A responses: +5.22021 Q3 · Q&A responses: +7.42021 Q4 · Q&A responses: +9.82022 Q1 · Q&A responses: +1.22022 Q2 · Q&A responses: -1.82022 Q3 · Q&A responses: +2.32022 Q4 · Q&A responses: +0.52023 Q1 · Q&A responses: +5.22023 Q2 · Q&A responses: +4.02023 Q3 · Q&A responses: +0.02023 Q4 · Q&A responses: +1.92024 Q1 · Q&A responses: -1.22024 Q2 · Q&A responses: +2.32024 Q3 · Q&A responses: +2.72024 Q4 · Q&A responses: +10.02025 Q1 · Q&A responses: +2.1
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

$0.89$2.04$3.182007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: $1.052014 Q2: $1.102014 Q3: $1.132014 Q4: $1.172015 Q1: $1.192015 Q2: $1.222015 Q3: $1.292015 Q4: $1.322016 Q1: $1.352016 Q2: $1.412016 Q3: $1.422016 Q4: $1.452017 Q1: $1.502017 Q2: $1.562017 Q3: $1.562017 Q4: $1.562018 Q1: $1.752018 Q2: $1.802018 Q3: $1.792018 Q4: $1.802019 Q1: $1.862019 Q2: $1.952019 Q3: $1.992019 Q4: $1.992020 Q1: $2.032020 Q2: $1.502020 Q3: $1.642020 Q4: $1.842021 Q1: $1.992021 Q2: $2.272021 Q3: $2.522021 Q4: $2.612022 Q1: $2.712022 Q2: $2.802022 Q3: $2.692022 Q4: $2.622023 Q1: $2.912023 Q2: $3.022023 Q3: $3.012023 Q4: $2.932024 Q1: $2.922024 Q2: $2.932024 Q3: $2.90

Forward P/E

6.3312.8519.372007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: 16.332014 Q2: 17.682014 Q3: 16.502014 Q4: 16.742015 Q1: 18.472015 Q2: 16.432015 Q3: 15.752015 Q4: 17.302016 Q1: 15.872016 Q2: 16.832016 Q3: 15.632016 Q4: 16.622017 Q1: 16.312017 Q2: 15.722017 Q3: 12.982017 Q4: 12.922018 Q1: 13.382018 Q2: 12.912018 Q3: 12.472018 Q4: 11.842019 Q1: 11.952019 Q2: 11.542019 Q3: 10.782019 Q4: 11.312020 Q1: 7.232020 Q2: 11.682020 Q3: 11.292020 Q4: 13.102021 Q1: 15.042021 Q2: 14.772021 Q3: 14.942021 Q4: 13.942022 Q1: 13.352022 Q2: 10.022022 Q3: 10.282022 Q4: 12.772023 Q1: 11.412023 Q2: 13.272023 Q3: 10.192023 Q4: 10.752024 Q1: 11.312024 Q2: 10.102024 Q3: 10.72

Divergence watch ⚑

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

  • 2014 Q2 tone ↓ -2.8 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -7.7 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -9.1 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -2.8 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -4.4 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -3.0 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -6.3 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -11.5 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +4.6 fwd EPS ↓ -0.54 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↓ -10.2 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -3.3 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -7.5 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -4.2 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +2.6 fwd EPS ↓ -0.06 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↓ -4.4 fwd EPS ↑ +0.29 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +10.0 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+7.5——View →
2024 Q42025-02-12+11.8——View →
2024 Q32024-10-22+7.3$2.9010.7View →
2024 Q22024-07-24+9.5$2.9310.1View →
2024 Q12024-04-24-5.1$2.9211.3View →
2023 Q42024-02-08+10.6$2.9310.8View →
2023 Q32023-10-20+0.6$3.0110.2View →
2023 Q22023-07-21+7.8$3.0213.3View →