Subtext

Leidos Holdings, Inc. LDOS

SectorIndustrials
Transcripts42
Date range2008-06-03 – 2025-05-06
Calls charted42

Sentiment timeline

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

-24-12+0+12+242009 Q12010 Q42012 Q42019 Q22020 Q42022 Q22023 Q42009 Q1 · Overall: +3.82009 Q2 · Overall: +5.82009 Q4 · Overall: +5.22010 Q1 · Overall: +8.72010 Q2 · Overall: +2.42010 Q3 · Overall: +2.22010 Q4 · Overall: +3.62011 Q1 · Overall: +7.42011 Q3 · Overall: +5.82012 Q1 · Overall: -0.62012 Q2 · Overall: +0.22012 Q3 · Overall: -2.02012 Q4 · Overall: +9.62013 Q1 · Overall: +7.32013 Q2 · Overall: +8.42013 Q3 · Overall: +6.82013 Q4 · Overall: +7.32019 Q1 · Overall: +4.42019 Q2 · Overall: +11.92019 Q3 · Overall: +6.62019 Q4 · Overall: +12.82020 Q1 · Overall: -1.12020 Q2 · Overall: +1.92020 Q3 · Overall: +2.52020 Q4 · Overall: +0.62021 Q1 · Overall: +5.92021 Q2 · Overall: +2.92021 Q3 · Overall: +5.72021 Q4 · Overall: +4.32022 Q1 · Overall: +7.72022 Q2 · Overall: +6.72022 Q3 · Overall: +8.72022 Q4 · Overall: +8.92023 Q1 · Overall: +14.12023 Q2 · Overall: +14.02023 Q3 · Overall: +15.32023 Q4 · Overall: +15.62024 Q1 · Overall: +14.72024 Q2 · Overall: +17.12024 Q3 · Overall: +16.32024 Q4 · Overall: +20.52025 Q1 · Overall: +13.2
Overall

CEO vs CFO

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

-31-15+0+15+312009 Q12010 Q42012 Q42019 Q22020 Q42022 Q22023 Q42009 Q1 · CEO: +5.12009 Q2 · CEO: +12.52009 Q4 · CEO: +4.02010 Q1 · CEO: +10.22010 Q2 · CEO: +4.52010 Q3 · CEO: +3.32010 Q4 · CEO: +9.42011 Q1 · CEO: +8.92011 Q3 · CEO: +9.52012 Q1 · CEO: +4.52012 Q2 · CEO: +6.52012 Q3 · CEO: +3.62012 Q4 · CEO: +9.72013 Q1 · CEO: +9.62013 Q2 · CEO: +8.02013 Q3 · CEO: +15.22013 Q4 · CEO: +19.82019 Q1 · CEO: +9.12019 Q2 · CEO: +15.62019 Q3 · CEO: +11.12019 Q4 · CEO: +18.02020 Q1 · CEO: +0.22020 Q2 · CEO: +3.92020 Q3 · CEO: +0.42020 Q4 · CEO: +1.42021 Q1 · CEO: +5.82021 Q2 · CEO: +5.92021 Q3 · CEO: +7.02021 Q4 · CEO: +10.02022 Q1 · CEO: +9.42022 Q2 · CEO: +10.12022 Q3 · CEO: +9.72022 Q4 · CEO: +7.72023 Q1 · CEO: +18.62023 Q2 · CEO: +12.02023 Q3 · CEO: +21.52023 Q4 · CEO: +20.62024 Q1 · CEO: +19.62024 Q2 · CEO: +17.42024 Q3 · CEO: +19.92024 Q4 · CEO: +25.82025 Q1 · CEO: +13.62009 Q1 · CFO: +2.82009 Q2 · CFO: +5.92009 Q4 · CFO: +12.62010 Q1 · CFO: +10.72010 Q2 · CFO: +6.92010 Q3 · CFO: +7.62010 Q4 · CFO: +4.22011 Q1 · CFO: +11.92011 Q3 · CFO: +8.42012 Q1 · CFO: +2.02012 Q2 · CFO: -0.52012 Q3 · CFO: -5.92012 Q4 · CFO: +7.02013 Q1 · CFO: +12.82013 Q2 · CFO: +10.42013 Q3 · CFO: +2.82013 Q4 · CFO: +1.82019 Q1 · CFO: +6.22019 Q2 · CFO: +15.42019 Q3 · CFO: +7.82019 Q4 · CFO: +14.32020 Q1 · CFO: +1.72020 Q2 · CFO: +0.32020 Q3 · CFO: +15.02020 Q4 · CFO: +4.72021 Q1 · CFO: +14.42021 Q2 · CFO: +6.62021 Q3 · CFO: +11.02021 Q4 · CFO: +6.62022 Q1 · CFO: +9.32022 Q2 · CFO: +11.52022 Q3 · CFO: +13.82022 Q4 · CFO: +15.32023 Q1 · CFO: +14.62023 Q2 · CFO: +23.62023 Q3 · CFO: +15.42023 Q4 · CFO: +17.22024 Q1 · CFO: +23.92024 Q2 · CFO: +23.32024 Q3 · CFO: +18.22024 Q4 · CFO: +26.92025 Q1 · CFO: +21.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-36-18+0+18+362009 Q12010 Q42012 Q42019 Q22020 Q42022 Q22023 Q42009 Q1 · Prepared remarks: +5.42009 Q2 · Prepared remarks: +5.32009 Q4 · Prepared remarks: +8.52010 Q1 · Prepared remarks: +9.82010 Q2 · Prepared remarks: +4.72010 Q3 · Prepared remarks: +10.22010 Q4 · Prepared remarks: +13.92011 Q1 · Prepared remarks: +8.82011 Q3 · Prepared remarks: +10.92012 Q1 · Prepared remarks: +4.02012 Q2 · Prepared remarks: +5.52012 Q3 · Prepared remarks: +1.52012 Q4 · Prepared remarks: +14.32013 Q1 · Prepared remarks: +12.62013 Q2 · Prepared remarks: +15.22013 Q3 · Prepared remarks: +9.52013 Q4 · Prepared remarks: +12.92019 Q1 · Prepared remarks: +12.92019 Q2 · Prepared remarks: +19.02019 Q3 · Prepared remarks: +8.52019 Q4 · Prepared remarks: +18.82020 Q1 · Prepared remarks: +1.32020 Q2 · Prepared remarks: -3.42020 Q3 · Prepared remarks: +6.72020 Q4 · Prepared remarks: +2.32021 Q1 · Prepared remarks: +8.82021 Q2 · Prepared remarks: +11.22021 Q3 · Prepared remarks: +9.92021 Q4 · Prepared remarks: +6.72022 Q1 · Prepared remarks: +14.62022 Q2 · Prepared remarks: +7.62022 Q3 · Prepared remarks: +12.52022 Q4 · Prepared remarks: +7.42023 Q1 · Prepared remarks: +17.82023 Q2 · Prepared remarks: +23.02023 Q3 · Prepared remarks: +16.92023 Q4 · Prepared remarks: +24.12024 Q1 · Prepared remarks: +25.52024 Q2 · Prepared remarks: +28.62024 Q3 · Prepared remarks: +18.12024 Q4 · Prepared remarks: +31.62025 Q1 · Prepared remarks: +13.42009 Q1 · Q&A responses: +7.82009 Q2 · Q&A responses: +11.92009 Q4 · Q&A responses: +5.62010 Q1 · Q&A responses: +11.82010 Q2 · Q&A responses: +4.72010 Q3 · Q&A responses: -2.02010 Q4 · Q&A responses: -6.92011 Q1 · Q&A responses: +11.42011 Q3 · Q&A responses: +5.12012 Q1 · Q&A responses: +1.52012 Q2 · Q&A responses: -0.42012 Q3 · Q&A responses: -3.42012 Q4 · Q&A responses: +6.42013 Q1 · Q&A responses: +5.92013 Q2 · Q&A responses: +4.32013 Q3 · Q&A responses: +6.52013 Q4 · Q&A responses: +3.32019 Q1 · Q&A responses: +4.42019 Q2 · Q&A responses: +12.52019 Q3 · Q&A responses: +9.42019 Q4 · Q&A responses: +11.82020 Q1 · Q&A responses: +0.32020 Q2 · Q&A responses: +8.92020 Q3 · Q&A responses: +4.92020 Q4 · Q&A responses: +3.92021 Q1 · Q&A responses: +7.72021 Q2 · Q&A responses: +1.32021 Q3 · Q&A responses: +7.22021 Q4 · Q&A responses: +9.62022 Q1 · Q&A responses: +6.42022 Q2 · Q&A responses: +11.52022 Q3 · Q&A responses: +10.12022 Q4 · Q&A responses: +12.72023 Q1 · Q&A responses: +15.32023 Q2 · Q&A responses: +15.22023 Q3 · Q&A responses: +19.12023 Q4 · Q&A responses: +14.72024 Q1 · Q&A responses: +19.72024 Q2 · Q&A responses: +12.82024 Q3 · Q&A responses: +20.32024 Q4 · Q&A responses: +17.22025 Q1 · Q&A responses: +18.9
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

$4.27$7.03$9.802009 Q12010 Q42012 Q42019 Q22020 Q42022 Q22023 Q42019 Q1: $4.652019 Q2: $4.872019 Q3: $5.092019 Q4: $5.432020 Q1: $5.812020 Q2: $5.762020 Q3: $6.112020 Q4: $6.462021 Q1: $6.572021 Q2: $6.922021 Q3: $7.002021 Q4: $6.972022 Q1: $6.642022 Q2: $6.832022 Q3: $6.902022 Q4: $6.992023 Q1: $6.872023 Q2: $6.962023 Q3: $7.212023 Q4: $7.592024 Q1: $8.052024 Q2: $9.052024 Q3: $9.41

Forward P/E

11.4714.7818.082009 Q12010 Q42012 Q42019 Q22020 Q42022 Q22023 Q42019 Q1: 13.632019 Q2: 16.152019 Q3: 17.202019 Q4: 17.622020 Q1: 13.382020 Q2: 17.392020 Q3: 14.592020 Q4: 16.272021 Q1: 14.812021 Q2: 15.302021 Q3: 13.442021 Q4: 12.592022 Q1: 15.362022 Q2: 14.452022 Q3: 13.462022 Q4: 15.282023 Q1: 13.432023 Q2: 11.932023 Q3: 13.172023 Q4: 14.522024 Q1: 15.912024 Q2: 15.892024 Q3: 16.33

Divergence watch ⚑

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

  • 2019 Q3 tone ↓ -5.3 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -13.9 fwd EPS ↑ +0.38 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -3.1 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↑ +3.4 fwd EPS ↓ -0.33 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↑ +5.3 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-06+13.2——View →
2024 Q42025-02-11+20.5——View →
2024 Q32024-10-29+16.3$9.4116.3View →
2024 Q22024-07-30+17.1$9.0515.9View →
2024 Q12024-04-30+14.7$8.0515.9View →
2023 Q42024-02-13+15.6$7.5914.5View →
2023 Q32023-10-31+15.3$7.2113.2View →
2023 Q22023-08-01+14.0$6.9611.9View →