Subtext

Medtronic plc MDT

SectorHealth Care
Transcripts69
Date range2007-08-22 – 2025-02-18
Calls charted69

Sentiment timeline

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

-21-10+0+10+212008 Q12010 Q42013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22008 Q1 · Overall: +8.52008 Q3 · Overall: +4.62008 Q4 · Overall: +10.12009 Q1 · Overall: +13.72009 Q3 · Overall: +10.22009 Q4 · Overall: +14.02010 Q1 · Overall: +12.32010 Q2 · Overall: +11.42010 Q3 · Overall: +9.42010 Q4 · Overall: +10.32011 Q1 · Overall: +0.92011 Q2 · Overall: +6.92011 Q3 · Overall: +9.92011 Q4 · Overall: +6.82012 Q1 · Overall: +7.12012 Q2 · Overall: +10.22012 Q3 · Overall: +5.62012 Q4 · Overall: +10.52013 Q1 · Overall: +10.92013 Q2 · Overall: +9.82013 Q3 · Overall: +6.22013 Q4 · Overall: +13.92014 Q1 · Overall: +6.62014 Q2 · Overall: +4.32014 Q3 · Overall: +9.22014 Q4 · Overall: +6.62015 Q1 · Overall: +7.32015 Q2 · Overall: +11.92015 Q3 · Overall: +10.72015 Q4 · Overall: +8.52016 Q1 · Overall: +11.12016 Q2 · Overall: +10.62016 Q3 · Overall: +7.52016 Q4 · Overall: +9.02017 Q1 · Overall: +11.32017 Q2 · Overall: +3.02017 Q3 · Overall: +9.12017 Q4 · Overall: +7.02018 Q1 · Overall: +4.12018 Q2 · Overall: +5.72018 Q3 · Overall: +12.32018 Q4 · Overall: +10.02019 Q1 · Overall: +15.32019 Q2 · Overall: +18.02019 Q3 · Overall: +8.02019 Q4 · Overall: +6.32020 Q1 · Overall: +7.52020 Q2 · Overall: +9.32020 Q3 · Overall: +0.52020 Q4 · Overall: -0.92021 Q1 · Overall: +10.72021 Q2 · Overall: +11.02021 Q3 · Overall: +12.82021 Q4 · Overall: +10.42022 Q1 · Overall: +10.22022 Q2 · Overall: +8.32022 Q3 · Overall: +6.62022 Q4 · Overall: +0.82023 Q1 · Overall: +7.82023 Q2 · Overall: +1.62023 Q3 · Overall: +8.32023 Q4 · Overall: +10.02024 Q1 · Overall: +9.82024 Q2 · Overall: +7.32024 Q3 · Overall: +12.72024 Q4 · Overall: +10.32025 Q1 · Overall: +7.62025 Q2 · Overall: +9.62025 Q3 · Overall: +7.1
Overall

CEO vs CFO

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

-34-17+0+17+342008 Q12010 Q42013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22008 Q1 · CEO: +23.82008 Q3 · CEO: +13.62009 Q1 · CEO: +20.62009 Q3 · CEO: +14.02009 Q4 · CEO: +29.82010 Q1 · CEO: +24.32010 Q2 · CEO: +21.22010 Q4 · CEO: +18.72011 Q1 · CEO: +9.32011 Q2 · CEO: +18.02011 Q3 · CEO: +29.52012 Q1 · CEO: +13.72012 Q2 · CEO: +22.92012 Q3 · CEO: +12.32012 Q4 · CEO: +22.12013 Q1 · CEO: +18.62013 Q2 · CEO: +17.92013 Q3 · CEO: +9.62013 Q4 · CEO: +17.92014 Q1 · CEO: +12.72014 Q2 · CEO: +11.32014 Q3 · CEO: +16.82014 Q4 · CEO: +11.62015 Q1 · CEO: +13.32015 Q2 · CEO: +17.72015 Q3 · CEO: +14.92015 Q4 · CEO: +16.52016 Q1 · CEO: +16.02016 Q2 · CEO: +16.62016 Q3 · CEO: +17.02016 Q4 · CEO: +14.02017 Q1 · CEO: +12.72017 Q2 · CEO: +4.02017 Q3 · CEO: +13.72017 Q4 · CEO: +17.92018 Q1 · CEO: +7.82018 Q2 · CEO: +15.52018 Q3 · CEO: +21.62018 Q4 · CEO: +18.32019 Q1 · CEO: +19.42019 Q2 · CEO: +21.92019 Q3 · CEO: +19.82019 Q4 · CEO: +11.42020 Q1 · CEO: +12.42020 Q2 · CEO: +15.82020 Q3 · CEO: +0.92020 Q4 · CEO: -3.22021 Q1 · CEO: +13.32021 Q2 · CEO: +19.12021 Q3 · CEO: +22.72021 Q4 · CEO: +14.02022 Q1 · CEO: +15.72022 Q2 · CEO: +9.52022 Q3 · CEO: +9.32022 Q4 · CEO: +3.72023 Q1 · CEO: +10.62023 Q2 · CEO: +3.92023 Q3 · CEO: +15.72023 Q4 · CEO: +19.42024 Q1 · CEO: +16.02024 Q2 · CEO: +11.02024 Q3 · CEO: +16.12024 Q4 · CEO: +19.22025 Q1 · CEO: +12.42025 Q2 · CEO: +22.52025 Q3 · CEO: +11.12008 Q1 · CFO: +0.92008 Q3 · CFO: +0.72008 Q4 · CFO: +7.42009 Q1 · CFO: +10.72009 Q3 · CFO: +10.62009 Q4 · CFO: +7.82010 Q1 · CFO: +5.92010 Q2 · CFO: +8.42010 Q3 · CFO: +9.12010 Q4 · CFO: +6.52011 Q1 · CFO: -1.42011 Q2 · CFO: +1.62011 Q3 · CFO: +4.12011 Q4 · CFO: +9.42012 Q1 · CFO: +1.52012 Q2 · CFO: +4.22012 Q3 · CFO: +5.12012 Q4 · CFO: +9.72013 Q1 · CFO: +9.12013 Q2 · CFO: +11.02013 Q3 · CFO: +7.32013 Q4 · CFO: +14.02014 Q1 · CFO: +2.92014 Q2 · CFO: +2.52014 Q3 · CFO: +0.82014 Q4 · CFO: +4.42015 Q1 · CFO: +4.42015 Q2 · CFO: +8.22015 Q3 · CFO: +10.82015 Q4 · CFO: +5.72016 Q1 · CFO: +9.42016 Q2 · CFO: +7.12016 Q3 · CFO: +3.52016 Q4 · CFO: +0.92017 Q1 · CFO: +18.22017 Q2 · CFO: +2.52017 Q3 · CFO: +9.12017 Q4 · CFO: +2.22018 Q1 · CFO: +1.42018 Q2 · CFO: +4.92018 Q3 · CFO: +12.22018 Q4 · CFO: +10.32019 Q1 · CFO: +16.22019 Q2 · CFO: +27.02019 Q3 · CFO: +14.22019 Q4 · CFO: +8.92020 Q1 · CFO: +19.02020 Q2 · CFO: +8.22020 Q3 · CFO: +2.02020 Q4 · CFO: -2.52021 Q1 · CFO: +20.22021 Q2 · CFO: +5.22021 Q3 · CFO: +17.92021 Q4 · CFO: +19.72022 Q1 · CFO: +15.82022 Q2 · CFO: +18.12022 Q3 · CFO: +8.02022 Q4 · CFO: -0.52023 Q1 · CFO: +10.22023 Q2 · CFO: -1.12023 Q3 · CFO: +2.42023 Q4 · CFO: +14.02024 Q1 · CFO: +15.92024 Q2 · CFO: +14.12024 Q3 · CFO: +15.22024 Q4 · CFO: +7.72025 Q1 · CFO: +11.72025 Q2 · CFO: +13.72025 Q3 · CFO: +17.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-25-13+0+13+252008 Q12010 Q42013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22008 Q1 · Prepared remarks: +14.72008 Q3 · Prepared remarks: +7.02008 Q4 · Prepared remarks: +13.42009 Q1 · Prepared remarks: +19.62009 Q3 · Prepared remarks: +12.22009 Q4 · Prepared remarks: +20.22010 Q1 · Prepared remarks: +16.92010 Q2 · Prepared remarks: +14.42010 Q3 · Prepared remarks: +15.62010 Q4 · Prepared remarks: +17.92011 Q1 · Prepared remarks: +2.42011 Q2 · Prepared remarks: +8.62011 Q3 · Prepared remarks: +18.22011 Q4 · Prepared remarks: +13.92012 Q1 · Prepared remarks: +12.02012 Q2 · Prepared remarks: +11.92012 Q3 · Prepared remarks: +9.42012 Q4 · Prepared remarks: +16.62013 Q1 · Prepared remarks: +15.72013 Q2 · Prepared remarks: +17.22013 Q3 · Prepared remarks: +10.72013 Q4 · Prepared remarks: +19.52014 Q1 · Prepared remarks: +10.92014 Q2 · Prepared remarks: +8.12014 Q3 · Prepared remarks: +11.12014 Q4 · Prepared remarks: +10.92015 Q1 · Prepared remarks: +9.12015 Q2 · Prepared remarks: +16.32015 Q3 · Prepared remarks: +13.02015 Q4 · Prepared remarks: +13.52016 Q1 · Prepared remarks: +14.42016 Q2 · Prepared remarks: +14.22016 Q3 · Prepared remarks: +12.12016 Q4 · Prepared remarks: +9.22017 Q1 · Prepared remarks: +11.72017 Q2 · Prepared remarks: +3.72017 Q3 · Prepared remarks: +17.52017 Q4 · Prepared remarks: +16.62018 Q1 · Prepared remarks: +9.52018 Q2 · Prepared remarks: +11.02018 Q3 · Prepared remarks: +19.32018 Q4 · Prepared remarks: +15.62019 Q1 · Prepared remarks: +17.82019 Q2 · Prepared remarks: +22.02019 Q3 · Prepared remarks: +17.42019 Q4 · Prepared remarks: +12.32020 Q1 · Prepared remarks: +17.52020 Q2 · Prepared remarks: +19.92020 Q3 · Prepared remarks: +7.02020 Q4 · Prepared remarks: -1.42021 Q1 · Prepared remarks: +14.02021 Q2 · Prepared remarks: +11.22021 Q3 · Prepared remarks: +12.82021 Q4 · Prepared remarks: +10.42022 Q1 · Prepared remarks: +10.22022 Q2 · Prepared remarks: +20.42022 Q3 · Prepared remarks: +10.12022 Q4 · Prepared remarks: +0.82023 Q1 · Prepared remarks: +7.82023 Q2 · Prepared remarks: +1.62023 Q3 · Prepared remarks: +12.52023 Q4 · Prepared remarks: +10.02024 Q1 · Prepared remarks: +9.82024 Q2 · Prepared remarks: +7.32024 Q3 · Prepared remarks: +18.52024 Q4 · Prepared remarks: +10.32025 Q1 · Prepared remarks: +7.62025 Q2 · Prepared remarks: +9.62025 Q3 · Prepared remarks: +10.12008 Q1 · Q&A responses: +7.82008 Q3 · Q&A responses: +6.82008 Q4 · Q&A responses: +12.12009 Q1 · Q&A responses: +13.42009 Q3 · Q&A responses: +12.32009 Q4 · Q&A responses: +13.82010 Q1 · Q&A responses: +13.42010 Q2 · Q&A responses: +16.32010 Q3 · Q&A responses: +11.42010 Q4 · Q&A responses: +7.22011 Q1 · Q&A responses: +4.02011 Q2 · Q&A responses: +9.62011 Q3 · Q&A responses: +7.92011 Q4 · Q&A responses: +4.62012 Q1 · Q&A responses: +4.52012 Q2 · Q&A responses: +13.02012 Q3 · Q&A responses: +6.82012 Q4 · Q&A responses: +10.42013 Q1 · Q&A responses: +10.62013 Q2 · Q&A responses: +8.82013 Q3 · Q&A responses: +5.92013 Q4 · Q&A responses: +10.02014 Q1 · Q&A responses: +5.52014 Q2 · Q&A responses: +3.22014 Q3 · Q&A responses: +9.72014 Q4 · Q&A responses: +4.42015 Q1 · Q&A responses: +10.12015 Q2 · Q&A responses: +8.12015 Q3 · Q&A responses: +9.12015 Q4 · Q&A responses: +4.72016 Q1 · Q&A responses: +10.32016 Q2 · Q&A responses: +8.32016 Q3 · Q&A responses: +6.92016 Q4 · Q&A responses: +10.12017 Q1 · Q&A responses: +16.32017 Q2 · Q&A responses: +5.62017 Q3 · Q&A responses: +7.22017 Q4 · Q&A responses: +4.42018 Q1 · Q&A responses: +2.92018 Q2 · Q&A responses: +10.32018 Q3 · Q&A responses: +14.32018 Q4 · Q&A responses: +10.52019 Q1 · Q&A responses: +17.82019 Q2 · Q&A responses: +20.72019 Q3 · Q&A responses: +5.52019 Q4 · Q&A responses: +8.22020 Q1 · Q&A responses: +6.22020 Q2 · Q&A responses: +7.32020 Q3 · Q&A responses: +0.02020 Q4 · Q&A responses: +1.62021 Q1 · Q&A responses: +12.52022 Q2 · Q&A responses: +1.22022 Q3 · Q&A responses: +7.32023 Q3 · Q&A responses: +9.42024 Q3 · Q&A responses: +9.02025 Q3 · Q&A responses: -5.7
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

$3.78$4.98$6.192008 Q12010 Q42013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22014 Q1: $4.072014 Q2: $4.092014 Q3: $4.172014 Q4: $4.252015 Q1: $4.472015 Q2: $4.452015 Q3: $4.562015 Q4: $4.692016 Q1: $4.702016 Q2: $4.742016 Q3: $4.872016 Q4: $4.892017 Q1: $4.932017 Q2: $5.032017 Q3: $4.952017 Q4: $5.042018 Q1: $5.122018 Q2: $5.192018 Q3: $5.302018 Q4: $5.402019 Q1: $5.412019 Q2: $5.542019 Q3: $5.752019 Q4: $5.892020 Q1: $5.982020 Q2: $3.952020 Q3: $4.762020 Q4: $5.302021 Q1: $5.612021 Q2: $5.792021 Q3: $5.952021 Q4: $6.022022 Q1: $5.812022 Q2: $5.652022 Q3: $5.662022 Q4: $5.372023 Q1: $5.292023 Q2: $5.122023 Q3: $5.262023 Q4: $5.352024 Q1: $5.432024 Q2: $5.502024 Q3: $5.622024 Q4: $5.71

Forward P/E

11.5318.3325.132008 Q12010 Q42013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22014 Q1: 14.712014 Q2: 15.572014 Q3: 15.842014 Q4: 17.112015 Q1: 17.352015 Q2: 17.012015 Q3: 15.372015 Q4: 16.742016 Q1: 16.312016 Q2: 17.762016 Q3: 17.392016 Q4: 14.992017 Q1: 16.902017 Q2: 17.432017 Q3: 16.572017 Q4: 16.262018 Q1: 16.092018 Q2: 16.532018 Q3: 18.202018 Q4: 16.892019 Q1: 17.202019 Q2: 17.842019 Q3: 19.142019 Q4: 19.332020 Q1: 12.472020 Q2: 24.192020 Q3: 22.562020 Q4: 21.712021 Q1: 21.122021 Q2: 21.592021 Q3: 22.142021 Q4: 17.432022 Q1: 18.482022 Q2: 15.822022 Q3: 16.012022 Q4: 14.672023 Q1: 14.822023 Q2: 17.182023 Q3: 15.462023 Q4: 15.322024 Q1: 15.672024 Q2: 14.492024 Q3: 15.692024 Q4: 14.02

Divergence watch ⚑

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

  • 2014 Q4 tone ↓ -2.6 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -2.3 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -3.0 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -8.2 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↑ +6.1 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2017 Q4 tone ↓ -2.1 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -2.9 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -2.3 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -10.0 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q3 tone ↓ -8.8 fwd EPS ↑ +0.82 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -2.4 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +7.0 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↓ -2.6 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↓ -2.4 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-02-18+7.1——View →
2025 Q22024-11-19+9.6——View →
2025 Q12024-08-20+7.6——View →
2024 Q42024-05-23+10.3$5.7114.0View →
2024 Q32024-02-20+12.7$5.6215.7View →
2024 Q22023-12-08+7.3$5.5014.5View →
2024 Q12023-08-22+9.8$5.4315.7View →
2023 Q42023-05-25+10.0$5.3515.3View →