Subtext

MSCI Inc. MSCI

SectorFinancials
Transcripts29
Date range2018-05-03 – 2025-04-22
Calls charted29

Sentiment timeline

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

-16-8+0+8+162018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1 · Overall: +12.02018 Q2 · Overall: +9.82018 Q3 · Overall: +10.32018 Q4 · Overall: +9.22019 Q1 · Overall: +12.22019 Q2 · Overall: +10.22019 Q3 · Overall: +7.62019 Q4 · Overall: +8.92020 Q1 · Overall: -4.22020 Q2 · Overall: +8.82020 Q3 · Overall: +8.72020 Q4 · Overall: +5.02021 Q1 · Overall: +11.72021 Q2 · Overall: +9.72021 Q3 · Overall: +14.12021 Q4 · Overall: +8.32022 Q1 · Overall: +6.22022 Q2 · Overall: +5.32022 Q3 · Overall: +3.12022 Q4 · Overall: +10.92023 Q1 · Overall: +1.22023 Q2 · Overall: +8.92023 Q3 · Overall: +5.62023 Q4 · Overall: +12.22024 Q1 · Overall: +7.22024 Q2 · Overall: +11.82024 Q3 · Overall: +10.22024 Q4 · Overall: +9.42025 Q1 · Overall: +0.9
Overall

CEO vs CFO

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

-24-12+0+12+242018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1 · CEO: +9.82018 Q2 · CEO: +10.12018 Q3 · CEO: +8.02018 Q4 · CEO: +5.82019 Q1 · CEO: +10.92019 Q2 · CEO: +10.82019 Q3 · CEO: +15.12019 Q4 · CEO: +13.42020 Q1 · CEO: -1.42020 Q2 · CEO: +14.62020 Q3 · CEO: +11.92021 Q1 · CEO: +10.42021 Q2 · CEO: +12.02021 Q3 · CEO: +13.22022 Q1 · CEO: +5.32022 Q3 · CEO: +3.42022 Q4 · CEO: +13.12023 Q1 · CEO: -2.32023 Q2 · CEO: +5.52023 Q3 · CEO: +8.62023 Q4 · CEO: +18.02024 Q1 · CEO: +11.22024 Q2 · CEO: +11.52024 Q3 · CEO: +9.22024 Q4 · CEO: +11.42025 Q1 · CEO: +6.82018 Q1 · CFO: +18.92018 Q2 · CFO: +9.32018 Q3 · CFO: +20.62018 Q4 · CFO: +17.62019 Q1 · CFO: +17.62019 Q2 · CFO: +14.42019 Q3 · CFO: +5.02019 Q4 · CFO: +2.92020 Q1 · CFO: -9.72020 Q2 · CFO: +14.62020 Q3 · CFO: +18.72021 Q1 · CFO: +19.02021 Q2 · CFO: +14.82021 Q3 · CFO: +15.82022 Q1 · CFO: +6.22022 Q2 · CFO: +4.62022 Q3 · CFO: +2.12022 Q4 · CFO: +10.22023 Q1 · CFO: +6.92023 Q2 · CFO: +15.42023 Q3 · CFO: +7.52023 Q4 · CFO: +16.12024 Q1 · CFO: +8.22024 Q2 · CFO: +15.82024 Q3 · CFO: +18.52024 Q4 · CFO: +13.52025 Q1 · CFO: +3.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-46-23+0+23+462018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1 · Prepared remarks: +19.32018 Q2 · Prepared remarks: +16.22018 Q3 · Prepared remarks: +19.22018 Q4 · Prepared remarks: +19.32019 Q1 · Prepared remarks: +23.02019 Q2 · Prepared remarks: +16.92019 Q3 · Prepared remarks: +15.32019 Q4 · Prepared remarks: +14.82020 Q1 · Prepared remarks: +0.62020 Q2 · Prepared remarks: +13.22020 Q3 · Prepared remarks: +18.52020 Q4 · Prepared remarks: +40.02021 Q1 · Prepared remarks: +18.42021 Q2 · Prepared remarks: +21.92021 Q3 · Prepared remarks: +13.52021 Q4 · Prepared remarks: +11.82022 Q1 · Prepared remarks: +6.32022 Q2 · Prepared remarks: +6.92022 Q3 · Prepared remarks: +4.82022 Q4 · Prepared remarks: +15.32023 Q1 · Prepared remarks: +5.22023 Q2 · Prepared remarks: +17.32023 Q3 · Prepared remarks: +13.72023 Q4 · Prepared remarks: +12.02024 Q1 · Prepared remarks: +8.02024 Q2 · Prepared remarks: +14.52024 Q3 · Prepared remarks: +13.42024 Q4 · Prepared remarks: +13.62025 Q1 · Prepared remarks: +8.82018 Q1 · Q&A responses: +9.82018 Q2 · Q&A responses: +7.02018 Q3 · Q&A responses: +9.22018 Q4 · Q&A responses: +6.82019 Q1 · Q&A responses: +7.82019 Q2 · Q&A responses: +10.12019 Q3 · Q&A responses: +7.02019 Q4 · Q&A responses: +10.02020 Q1 · Q&A responses: -4.62020 Q2 · Q&A responses: +10.82020 Q3 · Q&A responses: +10.82020 Q4 · Q&A responses: +7.22021 Q1 · Q&A responses: +9.42021 Q2 · Q&A responses: +7.32021 Q3 · Q&A responses: +15.92021 Q4 · Q&A responses: +19.32022 Q1 · Q&A responses: +8.52022 Q2 · Q&A responses: +7.62022 Q3 · Q&A responses: +3.02022 Q4 · Q&A responses: +9.62023 Q1 · Q&A responses: +0.72023 Q2 · Q&A responses: +6.82023 Q3 · Q&A responses: +6.62023 Q4 · Q&A responses: +20.52024 Q1 · Q&A responses: +12.32024 Q2 · Q&A responses: +15.32024 Q3 · Q&A responses: +12.22024 Q4 · Q&A responses: +11.62025 Q1 · Q&A responses: +3.8
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

$4.66$11.32$17.972018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1: $5.582018 Q2: $5.722018 Q3: $5.882018 Q4: $5.972019 Q1: $6.292019 Q2: $6.742019 Q3: $6.922019 Q4: $7.222020 Q1: $7.632020 Q2: $7.412020 Q3: $7.982020 Q4: $8.462021 Q1: $9.542021 Q2: $10.212021 Q3: $10.732021 Q4: $11.152022 Q1: $11.882022 Q2: $12.212022 Q3: $12.392022 Q4: $12.602023 Q1: $13.362023 Q2: $13.782023 Q3: $14.512023 Q4: $14.622024 Q1: $15.422024 Q2: $15.652024 Q3: $16.282024 Q4: $17.05

Forward P/E

21.0642.1663.262018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1: 27.682018 Q2: 30.102018 Q3: 29.692018 Q4: 23.972019 Q1: 29.512019 Q2: 35.142019 Q3: 33.752019 Q4: 35.662020 Q1: 29.452020 Q2: 44.012020 Q3: 43.152020 Q4: 50.812021 Q1: 43.302021 Q2: 48.572021 Q3: 60.352021 Q4: 54.032022 Q1: 41.492022 Q2: 32.532022 Q3: 37.862022 Q4: 39.562023 Q1: 40.192023 Q2: 35.302023 Q3: 36.882023 Q4: 37.372024 Q1: 36.162024 Q2: 30.442024 Q3: 33.882024 Q4: 35.07

Divergence watch ⚑

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

  • 2018 Q2 tone ↓ -2.2 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -2.6 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -13.1 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +13.0 fwd EPS ↓ -0.22 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↓ -3.8 fwd EPS ↑ +0.48 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -5.8 fwd EPS ↑ +0.42 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -2.1 fwd EPS ↑ +0.73 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -2.2 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -9.7 fwd EPS ↑ +0.76 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -3.3 fwd EPS ↑ +0.74 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -5.0 fwd EPS ↑ +0.80 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-22+0.9——View →
2024 Q42025-01-29+9.4$17.0535.1View →
2024 Q32024-10-29+10.2$16.2833.9View →
2024 Q22024-07-23+11.8$15.6530.4View →
2024 Q12024-04-23+7.2$15.4236.2View →
2023 Q42024-01-30+12.2$14.6237.4View →
2023 Q32023-10-31+5.6$14.5136.9View →
2023 Q22023-07-25+8.9$13.7835.3View →