Subtext

Eli Lilly and Company LLY

SectorHealth Care
Transcripts72
Date range2007-07-24 – 2025-05-01
Calls charted72

Sentiment timeline

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

-14-7+0+7+142007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Overall: +6.72007 Q3 · Overall: +2.12007 Q4 · Overall: +3.32008 Q1 · Overall: +4.72008 Q2 · Overall: -1.22008 Q3 · Overall: +3.12008 Q4 · Overall: -0.92009 Q1 · Overall: +2.72009 Q2 · Overall: +1.02009 Q3 · Overall: +4.12009 Q4 · Overall: +4.12010 Q1 · Overall: +0.32010 Q2 · Overall: +6.12010 Q3 · Overall: +0.22010 Q4 · Overall: +2.72011 Q1 · Overall: -3.02011 Q2 · Overall: -3.62011 Q3 · Overall: +0.82011 Q4 · Overall: +3.02012 Q1 · Overall: +2.82012 Q2 · Overall: +0.62012 Q3 · Overall: -0.92012 Q4 · Overall: +0.22013 Q1 · Overall: -1.02013 Q2 · Overall: +5.92013 Q3 · Overall: +2.82013 Q4 · Overall: +2.02014 Q1 · Overall: +0.42014 Q2 · Overall: +0.72014 Q3 · Overall: +4.42014 Q4 · Overall: -0.62015 Q1 · Overall: +0.42015 Q2 · Overall: +4.22015 Q3 · Overall: +0.52015 Q4 · Overall: +1.22016 Q1 · Overall: -0.52016 Q2 · Overall: +0.42016 Q3 · Overall: +3.52016 Q4 · Overall: +4.22017 Q1 · Overall: +3.52017 Q2 · Overall: +3.92017 Q3 · Overall: +1.82017 Q4 · Overall: +2.92018 Q1 · Overall: +1.32018 Q2 · Overall: +2.42018 Q3 · Overall: +9.02018 Q4 · Overall: +8.82019 Q1 · Overall: +7.62019 Q2 · Overall: +8.52019 Q3 · Overall: +7.72019 Q4 · Overall: +8.62020 Q1 · Overall: -1.62020 Q2 · Overall: +0.92020 Q3 · Overall: +5.42020 Q4 · Overall: +4.52021 Q1 · Overall: +12.52021 Q2 · Overall: +6.92021 Q3 · Overall: +3.32021 Q4 · Overall: +0.92022 Q1 · Overall: -0.22022 Q2 · Overall: +3.52022 Q3 · Overall: +2.42022 Q4 · Overall: -1.92023 Q1 · Overall: +2.72023 Q2 · Overall: +0.82023 Q3 · Overall: -2.32023 Q4 · Overall: +2.62024 Q1 · Overall: -1.72024 Q2 · Overall: +0.62024 Q3 · Overall: +1.42024 Q4 · Overall: +2.72025 Q1 · Overall: -0.3
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 Q12008 Q1 · CEO: +20.22008 Q2 · CEO: +12.52008 Q4 · CEO: +3.22009 Q3 · CEO: +10.92009 Q4 · CEO: +18.92010 Q2 · CEO: +20.52010 Q3 · CEO: +8.42010 Q4 · CEO: +10.52011 Q3 · CEO: +5.22011 Q4 · CEO: +0.02012 Q1 · CEO: +4.52012 Q3 · CEO: +0.02013 Q1 · CEO: -2.22013 Q2 · CEO: +6.42013 Q4 · CEO: +7.12014 Q1 · CEO: +8.22014 Q2 · CEO: +10.92014 Q3 · CEO: +13.02014 Q4 · CEO: +9.72015 Q2 · CEO: +14.42016 Q3 · CEO: +4.42016 Q4 · CEO: +8.82017 Q1 · CEO: +4.92017 Q2 · CEO: +1.62017 Q3 · CEO: +4.72017 Q4 · CEO: +12.22018 Q1 · CEO: +9.52018 Q2 · CEO: +3.22018 Q3 · CEO: +18.42018 Q4 · CEO: +24.02019 Q1 · CEO: +16.32019 Q2 · CEO: +15.92019 Q3 · CEO: +20.32019 Q4 · CEO: +21.82020 Q1 · CEO: +1.82020 Q2 · CEO: -4.72020 Q3 · CEO: +12.42020 Q4 · CEO: +18.82021 Q1 · CEO: +11.72021 Q2 · CEO: +14.12021 Q3 · CEO: +10.32021 Q4 · CEO: +8.72022 Q1 · CEO: +10.82022 Q2 · CEO: +3.92022 Q3 · CEO: +7.72022 Q4 · CEO: +13.12023 Q1 · CEO: +8.82023 Q2 · CEO: +13.62023 Q3 · CEO: +7.52023 Q4 · CEO: +7.52024 Q1 · CEO: +21.22024 Q2 · CEO: +5.62024 Q3 · CEO: +6.62024 Q4 · CEO: +10.92025 Q1 · CEO: +2.12007 Q2 · CFO: +13.52007 Q3 · CFO: +5.52007 Q4 · CFO: +0.02008 Q1 · CFO: +0.02008 Q4 · CFO: -1.72009 Q1 · CFO: +2.02009 Q2 · CFO: +8.92009 Q3 · CFO: +4.02009 Q4 · CFO: -2.42010 Q1 · CFO: +1.42010 Q2 · CFO: +12.82010 Q3 · CFO: -1.72010 Q4 · CFO: +4.12011 Q1 · CFO: +5.62011 Q2 · CFO: -0.92011 Q3 · CFO: +0.02011 Q4 · CFO: +15.82012 Q1 · CFO: +10.82012 Q2 · CFO: +7.62012 Q3 · CFO: +18.92012 Q4 · CFO: +13.82013 Q1 · CFO: +3.72013 Q2 · CFO: +16.62013 Q3 · CFO: +5.22013 Q4 · CFO: +11.72014 Q1 · CFO: +4.72014 Q2 · CFO: +10.72014 Q3 · CFO: +4.72014 Q4 · CFO: +11.82015 Q1 · CFO: +12.52015 Q2 · CFO: +23.82016 Q3 · CFO: +16.42016 Q4 · CFO: +12.92017 Q1 · CFO: +17.72017 Q2 · CFO: +4.52017 Q3 · CFO: +12.82017 Q4 · CFO: +4.12018 Q1 · CFO: +8.82018 Q2 · CFO: +6.32018 Q3 · CFO: +5.02018 Q4 · CFO: +14.32019 Q1 · CFO: +14.42019 Q2 · CFO: +14.32019 Q3 · CFO: +5.62019 Q4 · CFO: +11.42020 Q1 · CFO: +4.12020 Q2 · CFO: +2.82020 Q3 · CFO: +6.82020 Q4 · CFO: +5.52021 Q1 · CFO: +19.42021 Q2 · CFO: +10.32021 Q3 · CFO: +11.12021 Q4 · CFO: +3.62022 Q1 · CFO: +2.62022 Q3 · CFO: +5.12022 Q4 · CFO: +3.02023 Q1 · CFO: +0.02023 Q2 · CFO: +7.52023 Q3 · CFO: +3.62023 Q4 · CFO: +4.22024 Q1 · CFO: +14.72024 Q2 · CFO: +9.42024 Q3 · CFO: +7.02024 Q4 · CFO: +8.12025 Q1 · CFO: +12.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-22-11+0+11+222007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Prepared remarks: +16.02007 Q3 · Prepared remarks: +8.62007 Q4 · Prepared remarks: +7.62008 Q1 · Prepared remarks: +12.92008 Q2 · Prepared remarks: +5.42008 Q3 · Prepared remarks: +11.12008 Q4 · Prepared remarks: +1.12009 Q1 · Prepared remarks: +3.12009 Q2 · Prepared remarks: +2.62009 Q3 · Prepared remarks: +7.32009 Q4 · Prepared remarks: +5.72010 Q1 · Prepared remarks: -3.12010 Q2 · Prepared remarks: +7.62010 Q3 · Prepared remarks: +1.72010 Q4 · Prepared remarks: +9.12011 Q1 · Prepared remarks: +1.12011 Q2 · Prepared remarks: +4.32011 Q3 · Prepared remarks: +2.62011 Q4 · Prepared remarks: +8.82012 Q1 · Prepared remarks: +4.22012 Q2 · Prepared remarks: +0.72012 Q3 · Prepared remarks: -2.52012 Q4 · Prepared remarks: +0.82013 Q1 · Prepared remarks: +0.02013 Q2 · Prepared remarks: +6.02013 Q3 · Prepared remarks: +0.92013 Q4 · Prepared remarks: +3.32014 Q1 · Prepared remarks: -0.82014 Q2 · Prepared remarks: +1.32014 Q3 · Prepared remarks: +5.42014 Q4 · Prepared remarks: +1.92015 Q1 · Prepared remarks: +3.12015 Q2 · Prepared remarks: +10.52015 Q3 · Prepared remarks: +0.22015 Q4 · Prepared remarks: +5.32016 Q1 · Prepared remarks: +2.12016 Q2 · Prepared remarks: +6.82016 Q3 · Prepared remarks: +5.32016 Q4 · Prepared remarks: +4.52017 Q1 · Prepared remarks: +5.22017 Q2 · Prepared remarks: +4.02017 Q3 · Prepared remarks: +3.72017 Q4 · Prepared remarks: +4.12018 Q1 · Prepared remarks: +9.02018 Q2 · Prepared remarks: +7.92018 Q3 · Prepared remarks: +9.32018 Q4 · Prepared remarks: +9.92019 Q1 · Prepared remarks: +8.02019 Q2 · Prepared remarks: +17.82019 Q3 · Prepared remarks: +11.82019 Q4 · Prepared remarks: +17.32020 Q1 · Prepared remarks: +4.32020 Q2 · Prepared remarks: +2.52020 Q3 · Prepared remarks: +8.82020 Q4 · Prepared remarks: +14.62021 Q1 · Prepared remarks: +18.92021 Q2 · Prepared remarks: +15.32021 Q3 · Prepared remarks: +14.82021 Q4 · Prepared remarks: +9.32022 Q1 · Prepared remarks: +4.82022 Q2 · Prepared remarks: +8.02022 Q3 · Prepared remarks: +9.22022 Q4 · Prepared remarks: +9.82023 Q1 · Prepared remarks: +5.92023 Q2 · Prepared remarks: +8.32023 Q3 · Prepared remarks: +3.12023 Q4 · Prepared remarks: +5.52024 Q1 · Prepared remarks: +12.72024 Q2 · Prepared remarks: +9.62024 Q3 · Prepared remarks: +7.02024 Q4 · Prepared remarks: +14.02025 Q1 · Prepared remarks: +11.72007 Q2 · Q&A responses: +1.32007 Q3 · Q&A responses: -2.62007 Q4 · Q&A responses: +2.62008 Q1 · Q&A responses: -0.92008 Q2 · Q&A responses: -4.62008 Q3 · Q&A responses: -0.62008 Q4 · Q&A responses: +1.42009 Q1 · Q&A responses: +3.62009 Q2 · Q&A responses: +3.42009 Q3 · Q&A responses: +8.62009 Q4 · Q&A responses: +2.62010 Q1 · Q&A responses: +8.72010 Q2 · Q&A responses: +10.42010 Q3 · Q&A responses: +0.42010 Q4 · Q&A responses: +1.32011 Q1 · Q&A responses: +1.72011 Q2 · Q&A responses: -6.82011 Q3 · Q&A responses: +2.52011 Q4 · Q&A responses: +0.02012 Q1 · Q&A responses: +3.12012 Q2 · Q&A responses: +0.92012 Q3 · Q&A responses: +2.72012 Q4 · Q&A responses: +2.02013 Q1 · Q&A responses: -1.12013 Q3 · Q&A responses: +5.22013 Q4 · Q&A responses: +1.32014 Q1 · Q&A responses: +4.22014 Q2 · Q&A responses: +5.62014 Q3 · Q&A responses: +4.22014 Q4 · Q&A responses: +2.52015 Q1 · Q&A responses: -2.02015 Q2 · Q&A responses: +4.42015 Q3 · Q&A responses: +10.82015 Q4 · Q&A responses: +4.32016 Q1 · Q&A responses: -0.32016 Q2 · Q&A responses: -3.12016 Q3 · Q&A responses: +4.92016 Q4 · Q&A responses: +5.92017 Q1 · Q&A responses: +3.22017 Q3 · Q&A responses: +1.82017 Q4 · Q&A responses: +0.72018 Q1 · Q&A responses: -1.02018 Q2 · Q&A responses: +2.12018 Q4 · Q&A responses: +8.02019 Q2 · Q&A responses: +3.12019 Q3 · Q&A responses: +6.72019 Q4 · Q&A responses: +8.52020 Q1 · Q&A responses: -5.12020 Q2 · Q&A responses: -0.22020 Q3 · Q&A responses: +6.42020 Q4 · Q&A responses: +0.32021 Q1 · Q&A responses: +8.32021 Q2 · Q&A responses: +1.92021 Q3 · Q&A responses: -2.12021 Q4 · Q&A responses: -2.92022 Q1 · Q&A responses: -3.32022 Q2 · Q&A responses: +1.12022 Q3 · Q&A responses: +3.22022 Q4 · Q&A responses: -6.82023 Q1 · Q&A responses: +3.52023 Q2 · Q&A responses: -0.62023 Q3 · Q&A responses: -3.52023 Q4 · Q&A responses: +3.12024 Q1 · Q&A responses: +3.82024 Q2 · Q&A responses: -1.02024 Q3 · Q&A responses: +1.82024 Q4 · Q&A responses: +0.82025 Q1 · Q&A responses: +0.2
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

$1.43$12.14$22.852007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: $2.902014 Q2: $2.972014 Q3: $3.062014 Q4: $3.222015 Q1: $3.272015 Q2: $3.342015 Q3: $3.502015 Q4: $3.662016 Q1: $3.652016 Q2: $3.792016 Q3: $3.962016 Q4: $4.012017 Q1: $4.172017 Q2: $4.242017 Q3: $4.462017 Q4: $4.642018 Q1: $4.992018 Q2: $5.342018 Q3: $5.702018 Q4: $5.912019 Q1: $5.842019 Q2: $6.142019 Q3: $6.432019 Q4: $6.712020 Q1: $7.022020 Q2: $7.382020 Q3: $7.822020 Q4: $8.172021 Q1: $8.462021 Q2: $8.282021 Q3: $8.332021 Q4: $8.372022 Q1: $8.882022 Q2: $8.882022 Q3: $9.102022 Q4: $8.462023 Q1: $9.302023 Q2: $10.482023 Q3: $11.952023 Q4: $12.402024 Q1: $13.932024 Q2: $16.522024 Q3: $21.37

Forward P/E

12.6635.0757.482007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: 20.342014 Q2: 20.202014 Q3: 21.562014 Q4: 21.832015 Q1: 22.522015 Q2: 25.012015 Q3: 24.092015 Q4: 23.582016 Q1: 19.862016 Q2: 19.472016 Q3: 19.752016 Q4: 16.882017 Q1: 20.592017 Q2: 19.252017 Q3: 18.482017 Q4: 18.942018 Q1: 15.752018 Q2: 16.052018 Q3: 18.572018 Q4: 18.462019 Q1: 21.282019 Q2: 18.752019 Q3: 17.522019 Q4: 19.302020 Q1: 20.382020 Q2: 21.692020 Q3: 19.312020 Q4: 21.062021 Q1: 22.062021 Q2: 26.662021 Q3: 28.072021 Q4: 32.892022 Q1: 31.122022 Q2: 32.982022 Q3: 34.032022 Q4: 42.972023 Q1: 35.422023 Q2: 42.722023 Q3: 50.102023 Q4: 48.192024 Q1: 54.392024 Q2: 53.952024 Q3: 42.35

Divergence watch ⚑

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

  • 2014 Q4 tone ↓ -5.1 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -3.7 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -2.1 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -10.2 fwd EPS ↑ +0.31 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -3.1 fwd EPS ↑ +1.47 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -4.3 fwd EPS ↑ +1.53 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01-0.3——View →
2024 Q42025-02-06+2.7——View →
2024 Q32024-10-30+1.4$21.3742.4View →
2024 Q22024-08-08+0.6$16.5254.0View →
2024 Q12024-04-30-1.7$13.9354.4View →
2023 Q42024-02-06+2.6$12.4048.2View →
2023 Q32023-11-02-2.3$11.9550.1View →
2023 Q22023-08-08+0.8$10.4842.7View →