Subtext

KKR & Co. Inc. KKR

SectorFinancials
Transcripts21
Date range2020-05-06 – 2025-05-01
Calls charted21

Sentiment timeline

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

-15-7+0+7+152020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: +1.32020 Q2 · Overall: +6.52020 Q3 · Overall: +2.62020 Q4 · Overall: +6.92021 Q1 · Overall: +6.52021 Q2 · Overall: +4.42021 Q3 · Overall: +13.02021 Q4 · Overall: +10.12022 Q1 · Overall: +8.52022 Q2 · Overall: +5.12022 Q3 · Overall: +5.22022 Q4 · Overall: +5.82023 Q1 · Overall: +5.82023 Q2 · Overall: +6.72023 Q3 · Overall: +6.22023 Q4 · Overall: +9.32024 Q1 · Overall: +5.42024 Q2 · Overall: +10.52024 Q3 · Overall: +11.02024 Q4 · Overall: +9.42025 Q1 · Overall: +5.4
Overall

CEO vs CFO

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

-21-11+0+11+212020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32021 Q3 · CEO: +18.32021 Q4 · CEO: +9.82022 Q2 · CEO: +3.72022 Q3 · CEO: +6.22022 Q4 · CEO: +5.92023 Q1 · CEO: +7.42023 Q2 · CEO: +2.12023 Q3 · CEO: +13.12023 Q4 · CEO: +9.82024 Q1 · CEO: +7.02024 Q2 · CEO: +9.62024 Q3 · CEO: +8.52024 Q4 · CEO: +13.02025 Q1 · CEO: +9.82020 Q1 · CFO: +3.32020 Q2 · CFO: +8.72020 Q3 · CFO: +2.22020 Q4 · CFO: +10.72021 Q1 · CFO: +13.32021 Q2 · CFO: +9.42021 Q3 · CFO: +14.72021 Q4 · CFO: +14.72022 Q1 · CFO: +13.62022 Q2 · CFO: +12.02022 Q3 · CFO: +14.32022 Q4 · CFO: +11.82023 Q1 · CFO: +9.22023 Q2 · CFO: +13.12023 Q3 · CFO: +9.02023 Q4 · CFO: +17.12024 Q1 · CFO: +15.12024 Q2 · CFO: +7.72024 Q3 · CFO: +14.42024 Q4 · CFO: +15.42025 Q1 · CFO: +8.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-23-11+0+11+232020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: +2.52020 Q2 · Prepared remarks: +4.02020 Q3 · Prepared remarks: +5.62020 Q4 · Prepared remarks: +10.92021 Q1 · Prepared remarks: +14.92021 Q2 · Prepared remarks: +14.62021 Q3 · Prepared remarks: +17.32021 Q4 · Prepared remarks: +16.62022 Q1 · Prepared remarks: +13.62022 Q2 · Prepared remarks: +6.22022 Q3 · Prepared remarks: +10.82022 Q4 · Prepared remarks: +9.72023 Q1 · Prepared remarks: +8.52023 Q2 · Prepared remarks: +11.22023 Q3 · Prepared remarks: +7.62023 Q4 · Prepared remarks: +17.72024 Q1 · Prepared remarks: +19.72024 Q2 · Prepared remarks: +18.32024 Q3 · Prepared remarks: +11.72024 Q4 · Prepared remarks: +11.62025 Q1 · Prepared remarks: +5.32020 Q1 · Q&A responses: +5.72020 Q2 · Q&A responses: +9.82020 Q3 · Q&A responses: +5.82020 Q4 · Q&A responses: +11.82021 Q1 · Q&A responses: +4.62021 Q2 · Q&A responses: +7.82021 Q3 · Q&A responses: +14.02021 Q4 · Q&A responses: +9.72022 Q1 · Q&A responses: +11.12022 Q2 · Q&A responses: +10.52022 Q3 · Q&A responses: +7.62022 Q4 · Q&A responses: +7.82023 Q1 · Q&A responses: +8.92023 Q2 · Q&A responses: +8.62023 Q3 · Q&A responses: +11.92023 Q4 · Q&A responses: +11.12024 Q1 · Q&A responses: +10.02024 Q2 · Q&A responses: +9.42024 Q3 · Q&A responses: +11.92024 Q4 · Q&A responses: +12.92025 Q1 · Q&A responses: +9.0
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

$1.34$3.69$6.042020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: $2.082020 Q2: $1.672020 Q3: $1.922020 Q4: $2.162021 Q1: $2.672021 Q2: $3.312021 Q3: $3.812021 Q4: $4.202022 Q1: $4.452022 Q2: $4.552022 Q3: $4.362022 Q4: $4.242023 Q1: $4.172023 Q2: $4.182023 Q3: $4.342023 Q4: $4.842024 Q1: $5.242024 Q2: $5.412024 Q3: $5.71

Forward P/E

8.3216.0023.682020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: 9.382020 Q2: 18.522020 Q3: 18.822020 Q4: 18.622021 Q1: 18.362021 Q2: 17.232021 Q3: 16.942021 Q4: 17.602022 Q1: 12.482022 Q2: 10.702022 Q3: 11.512022 Q4: 11.642023 Q1: 11.962023 Q2: 13.642023 Q3: 14.562023 Q4: 16.442024 Q1: 18.692024 Q2: 20.422024 Q3: 22.62

Divergence watch ⚑

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

  • 2020 Q2 tone ↑ +5.3 fwd EPS ↓ -0.42 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -4.0 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -2.1 fwd EPS ↑ +0.64 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -2.9 fwd EPS ↑ +0.39 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -3.4 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -3.9 fwd EPS ↑ +0.40 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+5.4——View →
2024 Q42025-02-04+9.4——View →
2024 Q32024-10-24+11.0$5.7122.6View →
2024 Q22024-07-31+10.5$5.4120.4View →
2024 Q12024-05-01+5.4$5.2418.7View →
2023 Q42024-02-06+9.3$4.8416.4View →
2023 Q32023-11-07+6.2$4.3414.6View →
2023 Q22023-08-07+6.7$4.1813.6View →