Subtext

Lowe's Companies, Inc. LOW

SectorConsumer Discretionary
Transcripts69
Date range2007-08-20 – 2025-02-26
Calls charted69

Sentiment timeline

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

-25-12+0+12+252007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q32007 Q2 · Overall: +9.02007 Q3 · Overall: +1.42007 Q4 · Overall: +1.72008 Q1 · Overall: +5.12008 Q2 · Overall: +7.02008 Q3 · Overall: -0.72008 Q4 · Overall: -3.52009 Q1 · Overall: +1.32009 Q2 · Overall: +8.72009 Q3 · Overall: +12.92009 Q4 · Overall: +16.72010 Q1 · Overall: +13.82010 Q2 · Overall: +11.22010 Q3 · Overall: +10.52010 Q4 · Overall: +14.22011 Q1 · Overall: +6.62011 Q2 · Overall: +7.52011 Q3 · Overall: +3.12011 Q4 · Overall: +4.62012 Q1 · Overall: +1.72012 Q2 · Overall: +1.92012 Q3 · Overall: +8.02012 Q4 · Overall: +10.92013 Q1 · Overall: +16.92013 Q2 · Overall: +11.42013 Q3 · Overall: +8.82013 Q4 · Overall: +8.82014 Q1 · Overall: +7.62014 Q2 · Overall: +17.82014 Q3 · Overall: +12.52014 Q4 · Overall: +15.22015 Q1 · Overall: +16.42015 Q2 · Overall: +16.22015 Q3 · Overall: +13.72015 Q4 · Overall: +9.12016 Q1 · Overall: +21.32016 Q2 · Overall: +11.92016 Q3 · Overall: +12.82016 Q4 · Overall: +15.32017 Q1 · Overall: +10.02017 Q2 · Overall: +18.72017 Q3 · Overall: +18.22017 Q4 · Overall: +13.72018 Q1 · Overall: +17.12018 Q2 · Overall: +9.22018 Q3 · Overall: +4.52018 Q4 · Overall: +14.52019 Q1 · Overall: +10.72019 Q2 · Overall: +6.22019 Q3 · Overall: +14.32019 Q4 · Overall: +14.52020 Q1 · Overall: +9.92020 Q2 · Overall: +8.42020 Q3 · Overall: +8.92020 Q4 · Overall: +9.32021 Q1 · Overall: +14.32021 Q2 · Overall: +5.62021 Q4 · Overall: +13.42022 Q1 · Overall: +10.62022 Q2 · Overall: +2.52022 Q3 · Overall: +6.72022 Q4 · Overall: -5.42023 Q1 · Overall: +11.32023 Q3 · Overall: +5.92023 Q4 · Overall: +8.72024 Q1 · Overall: +15.32024 Q2 · Overall: +11.22024 Q3 · Overall: +13.42024 Q4 · Overall: +18.5
Overall

CEO vs CFO

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

-34-17+0+17+342007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q32007 Q2 · CEO: +1.52007 Q3 · CEO: +2.12007 Q4 · CEO: +2.72008 Q1 · CEO: +1.62008 Q2 · CEO: +1.82008 Q3 · CEO: -3.32008 Q4 · CEO: -4.92009 Q1 · CEO: -6.32009 Q2 · CEO: +10.72009 Q3 · CEO: +6.92009 Q4 · CEO: +17.12010 Q1 · CEO: +10.12010 Q2 · CEO: +18.52010 Q3 · CEO: +11.52010 Q4 · CEO: +20.22011 Q1 · CEO: +8.42011 Q2 · CEO: +14.62011 Q3 · CEO: +16.32015 Q1 · CEO: +11.52020 Q1 · CEO: +11.82020 Q2 · CEO: +3.02020 Q3 · CEO: +11.12020 Q4 · CEO: +14.62021 Q1 · CEO: +21.52021 Q2 · CEO: +12.02021 Q4 · CEO: +15.82022 Q1 · CEO: +7.82022 Q2 · CEO: +9.02022 Q3 · CEO: +0.02022 Q4 · CEO: +4.32023 Q1 · CEO: +14.62023 Q3 · CEO: +8.32023 Q4 · CEO: +11.42024 Q1 · CEO: +29.12024 Q2 · CEO: +23.82024 Q3 · CEO: +13.32024 Q4 · CEO: +21.92007 Q2 · CFO: -5.22007 Q3 · CFO: -10.72007 Q4 · CFO: -8.22008 Q1 · CFO: +0.02008 Q2 · CFO: -2.02008 Q3 · CFO: +0.02008 Q4 · CFO: -10.52009 Q1 · CFO: -2.92009 Q2 · CFO: -0.62009 Q3 · CFO: +0.02009 Q4 · CFO: -0.42010 Q1 · CFO: -0.62010 Q2 · CFO: +3.82010 Q3 · CFO: +3.72010 Q4 · CFO: +1.82011 Q1 · CFO: +1.82011 Q2 · CFO: +7.82011 Q3 · CFO: -14.22015 Q1 · CFO: +21.42020 Q1 · CFO: +14.22020 Q2 · CFO: +5.22020 Q3 · CFO: +20.32020 Q4 · CFO: +18.82021 Q1 · CFO: +13.42021 Q2 · CFO: +14.42021 Q4 · CFO: +16.92022 Q1 · CFO: +20.02022 Q2 · CFO: +4.72022 Q3 · CFO: +12.12022 Q4 · CFO: -7.92023 Q1 · CFO: +7.62023 Q3 · CFO: +1.22023 Q4 · CFO: +4.52024 Q1 · CFO: +8.32024 Q2 · CFO: +0.72024 Q3 · CFO: +6.32024 Q4 · CFO: +8.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-75-38+0+38+752007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q32007 Q2 · Prepared remarks: +11.22007 Q3 · Prepared remarks: +6.32007 Q4 · Prepared remarks: +7.12008 Q1 · Prepared remarks: +10.72008 Q2 · Prepared remarks: +12.12008 Q3 · Prepared remarks: +6.92008 Q4 · Prepared remarks: -4.82009 Q1 · Prepared remarks: +1.22009 Q2 · Prepared remarks: +12.22009 Q3 · Prepared remarks: +17.42009 Q4 · Prepared remarks: +22.02010 Q1 · Prepared remarks: +24.72010 Q2 · Prepared remarks: +19.52010 Q3 · Prepared remarks: +20.52010 Q4 · Prepared remarks: +17.52011 Q1 · Prepared remarks: +10.72011 Q2 · Prepared remarks: +10.22011 Q3 · Prepared remarks: +7.72011 Q4 · Prepared remarks: +28.22012 Q1 · Prepared remarks: +31.92012 Q2 · Prepared remarks: +27.02012 Q3 · Prepared remarks: +15.82012 Q4 · Prepared remarks: +40.42013 Q1 · Prepared remarks: -4.92013 Q2 · Prepared remarks: +31.12013 Q3 · Prepared remarks: +65.42013 Q4 · Prepared remarks: +52.92014 Q1 · Prepared remarks: +11.62014 Q2 · Prepared remarks: +58.82014 Q3 · Prepared remarks: +25.52014 Q4 · Prepared remarks: +64.82015 Q1 · Prepared remarks: +24.82015 Q2 · Prepared remarks: +25.82015 Q3 · Prepared remarks: +38.92015 Q4 · Prepared remarks: +41.72016 Q1 · Prepared remarks: +48.52016 Q2 · Prepared remarks: +20.92016 Q3 · Prepared remarks: -4.42016 Q4 · Prepared remarks: +42.22017 Q1 · Prepared remarks: +33.82017 Q2 · Prepared remarks: +30.22017 Q3 · Prepared remarks: +12.62017 Q4 · Prepared remarks: +45.52018 Q1 · Prepared remarks: +24.52018 Q2 · Prepared remarks: +52.22018 Q3 · Prepared remarks: +24.72018 Q4 · Prepared remarks: +35.42019 Q1 · Prepared remarks: +56.22019 Q2 · Prepared remarks: +50.32019 Q3 · Prepared remarks: +47.02019 Q4 · Prepared remarks: +28.02020 Q1 · Prepared remarks: +28.42020 Q2 · Prepared remarks: +33.22020 Q3 · Prepared remarks: +14.72020 Q4 · Prepared remarks: +7.02021 Q1 · Prepared remarks: +30.42021 Q2 · Prepared remarks: +61.72021 Q4 · Prepared remarks: +36.72022 Q1 · Prepared remarks: +50.02022 Q2 · Prepared remarks: +15.52022 Q3 · Prepared remarks: +17.42022 Q4 · Prepared remarks: +5.22023 Q1 · Prepared remarks: +41.62023 Q3 · Prepared remarks: +38.22023 Q4 · Prepared remarks: +37.62024 Q1 · Prepared remarks: +50.62024 Q2 · Prepared remarks: +25.62024 Q3 · Prepared remarks: +24.02024 Q4 · Prepared remarks: +31.52007 Q2 · Q&A responses: +8.62007 Q3 · Q&A responses: -2.22007 Q4 · Q&A responses: -1.42008 Q1 · Q&A responses: +3.52008 Q2 · Q&A responses: +3.52008 Q3 · Q&A responses: -1.52008 Q4 · Q&A responses: +1.72009 Q1 · Q&A responses: +2.42009 Q2 · Q&A responses: +6.72009 Q3 · Q&A responses: +13.52009 Q4 · Q&A responses: +13.52010 Q1 · Q&A responses: +6.52010 Q2 · Q&A responses: +11.12010 Q3 · Q&A responses: +6.42010 Q4 · Q&A responses: +14.02011 Q1 · Q&A responses: +6.72011 Q2 · Q&A responses: +6.82011 Q3 · Q&A responses: +2.62011 Q4 · Q&A responses: +7.82012 Q1 · Q&A responses: +4.02012 Q2 · Q&A responses: +4.82012 Q3 · Q&A responses: +14.92012 Q4 · Q&A responses: +13.52013 Q1 · Q&A responses: +22.52013 Q2 · Q&A responses: +16.12013 Q3 · Q&A responses: +12.12013 Q4 · Q&A responses: +13.42014 Q1 · Q&A responses: +15.12014 Q2 · Q&A responses: +21.32014 Q3 · Q&A responses: +17.52014 Q4 · Q&A responses: +17.22015 Q1 · Q&A responses: +22.82015 Q2 · Q&A responses: +20.32015 Q3 · Q&A responses: +15.62015 Q4 · Q&A responses: +13.82016 Q1 · Q&A responses: +22.52016 Q2 · Q&A responses: +19.92016 Q3 · Q&A responses: +17.12016 Q4 · Q&A responses: +24.12017 Q1 · Q&A responses: +17.52017 Q2 · Q&A responses: +24.92017 Q3 · Q&A responses: +25.92017 Q4 · Q&A responses: +19.32018 Q1 · Q&A responses: +27.82018 Q2 · Q&A responses: +7.62018 Q3 · Q&A responses: +4.62018 Q4 · Q&A responses: +15.12019 Q1 · Q&A responses: +10.72019 Q2 · Q&A responses: +6.62019 Q3 · Q&A responses: +16.32019 Q4 · Q&A responses: +15.92020 Q1 · Q&A responses: +12.22020 Q2 · Q&A responses: +8.92020 Q3 · Q&A responses: +18.12020 Q4 · Q&A responses: +18.82021 Q1 · Q&A responses: +19.62021 Q2 · Q&A responses: +6.82021 Q4 · Q&A responses: +15.32022 Q1 · Q&A responses: +14.62022 Q2 · Q&A responses: +8.42022 Q3 · Q&A responses: +4.72022 Q4 · Q&A responses: +1.62023 Q1 · Q&A responses: +13.52023 Q3 · Q&A responses: +7.72023 Q4 · Q&A responses: +8.32024 Q1 · Q&A responses: +15.92024 Q2 · Q&A responses: +8.42024 Q3 · Q&A responses: +8.72024 Q4 · Q&A responses: +12.9
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

$1.81$8.45$15.092007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q32014 Q1: $2.732014 Q2: $2.832014 Q3: $2.972014 Q4: $3.222015 Q1: $3.422015 Q2: $3.562015 Q3: $3.722015 Q4: $3.912016 Q1: $4.102016 Q2: $4.332016 Q3: $4.492016 Q4: $4.492017 Q1: $4.742017 Q2: $4.892017 Q3: $4.932017 Q4: $5.102018 Q1: $5.602018 Q2: $5.732018 Q3: $5.732018 Q4: $5.962019 Q1: $6.222019 Q2: $6.002019 Q3: $6.342019 Q4: $6.602020 Q1: $6.582020 Q2: $6.892020 Q3: $8.502020 Q4: $9.262021 Q1: $9.932021 Q2: $11.342021 Q4: $12.812022 Q1: $13.722022 Q2: $14.052022 Q4: $14.012023 Q1: $13.852023 Q3: $14.182023 Q4: $12.962024 Q1: $12.412024 Q2: $12.722024 Q3: $12.41

Forward P/E

8.9215.8522.782007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q32014 Q1: 18.162014 Q2: 16.192014 Q3: 18.162014 Q4: 20.482015 Q1: 21.822015 Q2: 19.542015 Q3: 18.822015 Q4: 19.452016 Q1: 18.002016 Q2: 17.802016 Q3: 15.852016 Q4: 16.392017 Q1: 17.572017 Q2: 16.472017 Q3: 15.782017 Q4: 16.802018 Q1: 15.422018 Q2: 17.362018 Q3: 20.292018 Q4: 15.152019 Q1: 16.272019 Q2: 16.472019 Q3: 17.772019 Q4: 18.082020 Q1: 9.882020 Q2: 19.692020 Q3: 19.612020 Q4: 17.632021 Q1: 17.562021 Q2: 16.422021 Q4: 20.102022 Q1: 16.852022 Q2: 12.742022 Q4: 15.142023 Q1: 14.342023 Q3: 16.142023 Q4: 16.632024 Q1: 19.942024 Q2: 17.902024 Q3: 20.68

Divergence watch ⚑

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

  • 2014 Q3 tone ↓ -5.2 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -2.5 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -4.6 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -9.5 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -5.3 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -4.4 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -7.9 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -3.7 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -8.7 fwd EPS ↑ +1.41 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -2.8 fwd EPS ↑ +0.91 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -8.1 fwd EPS ↑ +0.33 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +16.7 fwd EPS ↓ -0.15 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -5.5 fwd EPS ↑ +0.32 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +2.8 fwd EPS ↓ -1.22 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↑ +6.6 fwd EPS ↓ -0.55 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↓ -4.1 fwd EPS ↑ +0.31 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↑ +2.2 fwd EPS ↓ -0.31 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2024 Q42025-02-26+18.5——View →
2024 Q32024-11-19+13.4$12.4120.7View →
2024 Q22024-08-20+11.2$12.7217.9View →
2024 Q12024-05-21+15.3$12.4119.9View →
2023 Q42024-02-27+8.7$12.9616.6View →
2023 Q32023-11-21+5.9$14.1816.1View →
2023 Q12023-05-23+11.3$13.8514.3View →
2022 Q42023-03-01-5.4$14.0115.1View →