Subtext

NIKE, Inc. NKE

SectorConsumer Discretionary
Transcripts75
Date range2005-12-22 – 2025-03-20
Calls charted74

Sentiment timeline

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

-31-15+0+15+312006 Q22009 Q12012 Q22014 Q42017 Q22019 Q42022 Q22024 Q42006 Q2 · Overall: +21.02006 Q3 · Overall: +16.82006 Q4 · Overall: +14.42007 Q1 · Overall: +10.52007 Q2 · Overall: +12.02007 Q3 · Overall: +12.52008 Q1 · Overall: +17.72008 Q2 · Overall: +12.82008 Q3 · Overall: +17.12008 Q4 · Overall: +19.22009 Q1 · Overall: +15.92009 Q2 · Overall: +12.12009 Q3 · Overall: +11.32009 Q4 · Overall: +7.82010 Q2 · Overall: +16.42010 Q3 · Overall: +16.62010 Q4 · Overall: +17.62011 Q3 · Overall: +10.72011 Q4 · Overall: +22.52012 Q1 · Overall: +15.72012 Q2 · Overall: +18.42012 Q3 · Overall: +19.62012 Q4 · Overall: +18.82013 Q1 · Overall: +16.62013 Q2 · Overall: +19.32013 Q3 · Overall: +18.32013 Q4 · Overall: +25.22014 Q1 · Overall: +22.22014 Q2 · Overall: +24.42014 Q3 · Overall: +20.02014 Q4 · Overall: +21.22015 Q1 · Overall: +25.42015 Q2 · Overall: +22.52015 Q3 · Overall: +22.42015 Q4 · Overall: +26.62016 Q1 · Overall: +22.82016 Q2 · Overall: +23.92016 Q3 · Overall: +20.62016 Q4 · Overall: +23.22017 Q1 · Overall: +26.72017 Q2 · Overall: +21.72017 Q3 · Overall: +19.22017 Q4 · Overall: +23.42018 Q1 · Overall: +16.32018 Q2 · Overall: +20.02018 Q3 · Overall: +19.52018 Q4 · Overall: +17.62019 Q1 · Overall: +24.72019 Q2 · Overall: +24.42019 Q3 · Overall: +26.72019 Q4 · Overall: +18.82020 Q1 · Overall: +19.72020 Q2 · Overall: +25.82020 Q3 · Overall: +18.72020 Q4 · Overall: +11.92021 Q1 · Overall: +17.72021 Q2 · Overall: +16.92021 Q3 · Overall: +16.12021 Q4 · Overall: +20.82022 Q1 · Overall: +14.12022 Q2 · Overall: +13.02022 Q3 · Overall: +20.32022 Q4 · Overall: +12.82023 Q1 · Overall: +20.12023 Q2 · Overall: +20.02023 Q3 · Overall: +22.92023 Q4 · Overall: +23.72024 Q1 · Overall: +26.62024 Q2 · Overall: +24.72024 Q3 · Overall: +18.32024 Q4 · Overall: +15.62025 Q1 · Overall: +11.92025 Q2 · Overall: +9.32025 Q3 · Overall: +9.4
Overall

CEO vs CFO

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

-48-24+0+24+482006 Q22009 Q12012 Q22014 Q42017 Q22019 Q42022 Q22024 Q42006 Q2 · CEO: +41.92006 Q3 · CEO: +33.42006 Q4 · CEO: +28.12007 Q2 · CEO: +22.42007 Q3 · CEO: +13.62008 Q1 · CEO: +25.02008 Q2 · CEO: +16.72008 Q3 · CEO: +22.52008 Q4 · CEO: +28.72009 Q1 · CEO: +36.82009 Q2 · CEO: +20.42009 Q3 · CEO: +17.72009 Q4 · CEO: +16.82010 Q2 · CEO: +35.02010 Q3 · CEO: +29.02010 Q4 · CEO: +19.02011 Q3 · CEO: +21.52011 Q4 · CEO: +23.02012 Q1 · CEO: +33.32012 Q2 · CEO: +37.02012 Q3 · CEO: +30.52012 Q4 · CEO: +33.92013 Q1 · CEO: +32.72013 Q2 · CEO: +30.32013 Q3 · CEO: +29.32013 Q4 · CEO: +39.42014 Q1 · CEO: +39.42014 Q2 · CEO: +35.02014 Q3 · CEO: +35.92014 Q4 · CEO: +33.72015 Q1 · CEO: +37.72015 Q4 · CEO: +33.02016 Q1 · CEO: +36.72016 Q2 · CEO: +26.02016 Q3 · CEO: +18.22016 Q4 · CEO: +26.92017 Q1 · CEO: +30.92017 Q2 · CEO: +27.42017 Q3 · CEO: +21.82017 Q4 · CEO: +25.82018 Q1 · CEO: +22.92018 Q2 · CEO: +24.02018 Q3 · CEO: +22.52018 Q4 · CEO: +22.02019 Q1 · CEO: +27.62019 Q2 · CEO: +28.62019 Q3 · CEO: +33.72019 Q4 · CEO: +23.02020 Q1 · CEO: +26.62020 Q2 · CEO: +33.52020 Q3 · CEO: +19.92020 Q4 · CEO: +21.92021 Q1 · CEO: +24.52021 Q2 · CEO: +31.02021 Q3 · CEO: +26.72021 Q4 · CEO: +26.02022 Q1 · CEO: +27.52022 Q2 · CEO: +28.32022 Q3 · CEO: +23.52022 Q4 · CEO: +25.12023 Q1 · CEO: +34.72023 Q2 · CEO: +30.02023 Q3 · CEO: +31.12023 Q4 · CEO: +28.12024 Q1 · CEO: +36.32024 Q2 · CEO: +32.42024 Q3 · CEO: +29.52024 Q4 · CEO: +24.72025 Q2 · CEO: +17.52025 Q3 · CEO: +17.52006 Q2 · CFO: +6.52006 Q3 · CFO: +4.72006 Q4 · CFO: +2.22007 Q1 · CFO: +12.42007 Q2 · CFO: +10.72007 Q3 · CFO: +11.02008 Q1 · CFO: +22.82008 Q2 · CFO: +15.52008 Q3 · CFO: +17.72008 Q4 · CFO: +21.02009 Q1 · CFO: +11.62009 Q2 · CFO: +14.82009 Q3 · CFO: +11.72009 Q4 · CFO: +5.72010 Q2 · CFO: +6.52010 Q3 · CFO: +17.72010 Q4 · CFO: +21.22011 Q3 · CFO: +7.92011 Q4 · CFO: +16.72012 Q1 · CFO: +13.92012 Q2 · CFO: +13.02012 Q3 · CFO: +23.92012 Q4 · CFO: +12.22013 Q1 · CFO: +4.52013 Q2 · CFO: +11.12013 Q3 · CFO: +21.22013 Q4 · CFO: +24.82014 Q1 · CFO: +20.52014 Q2 · CFO: +26.92014 Q3 · CFO: +20.82014 Q4 · CFO: +23.72015 Q1 · CFO: +29.72015 Q2 · CFO: +28.42015 Q4 · CFO: +27.32016 Q1 · CFO: +25.22016 Q2 · CFO: +28.42016 Q3 · CFO: +26.72016 Q4 · CFO: +24.52017 Q1 · CFO: +32.22017 Q2 · CFO: +23.92017 Q3 · CFO: +22.92017 Q4 · CFO: +25.82018 Q1 · CFO: +18.42018 Q2 · CFO: +23.92018 Q3 · CFO: +22.42018 Q4 · CFO: +17.42019 Q1 · CFO: +26.42019 Q2 · CFO: +23.02019 Q3 · CFO: +28.52019 Q4 · CFO: +24.12020 Q1 · CFO: +16.42020 Q2 · CFO: +25.32020 Q3 · CFO: +20.62020 Q4 · CFO: +10.42021 Q1 · CFO: +18.42021 Q2 · CFO: +14.82021 Q3 · CFO: +10.22021 Q4 · CFO: +21.32022 Q1 · CFO: +7.72022 Q2 · CFO: +6.52022 Q3 · CFO: +22.82023 Q4 · CFO: +24.72024 Q1 · CFO: +24.72024 Q2 · CFO: +26.12024 Q3 · CFO: +14.72024 Q4 · CFO: +11.72025 Q2 · CFO: +0.92025 Q3 · CFO: +1.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-45-23+0+23+452006 Q22009 Q12012 Q22014 Q42017 Q22019 Q42022 Q22024 Q42006 Q2 · Prepared remarks: +22.02006 Q3 · Prepared remarks: +23.42006 Q4 · Prepared remarks: +18.12007 Q1 · Prepared remarks: +13.42007 Q2 · Prepared remarks: +19.82007 Q3 · Prepared remarks: +13.52008 Q1 · Prepared remarks: +26.62008 Q2 · Prepared remarks: +20.02008 Q3 · Prepared remarks: +23.32008 Q4 · Prepared remarks: +23.92009 Q1 · Prepared remarks: +19.72009 Q2 · Prepared remarks: +21.12009 Q3 · Prepared remarks: +14.82009 Q4 · Prepared remarks: +9.82010 Q2 · Prepared remarks: +22.62010 Q3 · Prepared remarks: +22.42010 Q4 · Prepared remarks: +26.02011 Q3 · Prepared remarks: +18.02011 Q4 · Prepared remarks: +22.72012 Q1 · Prepared remarks: +23.62012 Q2 · Prepared remarks: +19.02012 Q3 · Prepared remarks: +25.22012 Q4 · Prepared remarks: +22.62013 Q1 · Prepared remarks: +17.92013 Q2 · Prepared remarks: +24.02013 Q3 · Prepared remarks: +25.02013 Q4 · Prepared remarks: +28.02014 Q1 · Prepared remarks: +27.22014 Q2 · Prepared remarks: +26.92014 Q3 · Prepared remarks: +25.32014 Q4 · Prepared remarks: +26.42015 Q1 · Prepared remarks: +28.42015 Q2 · Prepared remarks: +28.02015 Q3 · Prepared remarks: +25.02015 Q4 · Prepared remarks: +29.02016 Q1 · Prepared remarks: +25.72016 Q2 · Prepared remarks: +28.32016 Q3 · Prepared remarks: +25.52016 Q4 · Prepared remarks: +25.52017 Q1 · Prepared remarks: +32.22017 Q2 · Prepared remarks: +24.82017 Q3 · Prepared remarks: +23.92017 Q4 · Prepared remarks: +24.22018 Q1 · Prepared remarks: +20.12018 Q2 · Prepared remarks: +23.82018 Q3 · Prepared remarks: +24.12018 Q4 · Prepared remarks: +21.32019 Q1 · Prepared remarks: +25.92019 Q2 · Prepared remarks: +26.92019 Q3 · Prepared remarks: +25.12019 Q4 · Prepared remarks: +25.82020 Q1 · Prepared remarks: +22.62020 Q2 · Prepared remarks: +29.22020 Q3 · Prepared remarks: +23.62020 Q4 · Prepared remarks: +15.72021 Q1 · Prepared remarks: +20.62021 Q2 · Prepared remarks: +24.12021 Q3 · Prepared remarks: +18.92021 Q4 · Prepared remarks: +23.92022 Q1 · Prepared remarks: +19.12022 Q2 · Prepared remarks: +14.52022 Q3 · Prepared remarks: +23.82022 Q4 · Prepared remarks: +17.52023 Q1 · Prepared remarks: +25.52023 Q2 · Prepared remarks: +24.92023 Q3 · Prepared remarks: +30.32023 Q4 · Prepared remarks: +30.22024 Q1 · Prepared remarks: +29.12024 Q2 · Prepared remarks: +28.52024 Q3 · Prepared remarks: +18.72024 Q4 · Prepared remarks: +17.22025 Q1 · Prepared remarks: +9.92025 Q2 · Prepared remarks: +8.62025 Q3 · Prepared remarks: +9.82006 Q3 · Q&A responses: +9.42006 Q4 · Q&A responses: +14.62007 Q1 · Q&A responses: +10.52007 Q2 · Q&A responses: +9.92007 Q3 · Q&A responses: +17.02008 Q1 · Q&A responses: +16.62008 Q2 · Q&A responses: +12.22008 Q3 · Q&A responses: +15.52008 Q4 · Q&A responses: +19.62009 Q1 · Q&A responses: +17.42009 Q2 · Q&A responses: +7.32009 Q3 · Q&A responses: +15.72009 Q4 · Q&A responses: +7.52010 Q2 · Q&A responses: +19.32010 Q3 · Q&A responses: +18.82010 Q4 · Q&A responses: +10.32011 Q3 · Q&A responses: +10.72012 Q1 · Q&A responses: +10.72012 Q2 · Q&A responses: +27.22012 Q3 · Q&A responses: +23.12012 Q4 · Q&A responses: +23.82013 Q1 · Q&A responses: +25.12013 Q2 · Q&A responses: +19.72013 Q3 · Q&A responses: +14.52013 Q4 · Q&A responses: +27.22014 Q1 · Q&A responses: +18.82014 Q2 · Q&A responses: +30.52014 Q3 · Q&A responses: +19.82014 Q4 · Q&A responses: +21.62015 Q1 · Q&A responses: +32.42015 Q2 · Q&A responses: +24.52015 Q3 · Q&A responses: +29.62015 Q4 · Q&A responses: +30.02016 Q1 · Q&A responses: +32.92016 Q2 · Q&A responses: +25.72016 Q3 · Q&A responses: +19.02016 Q4 · Q&A responses: +24.52017 Q1 · Q&A responses: +24.72017 Q2 · Q&A responses: +24.72017 Q3 · Q&A responses: +19.72017 Q4 · Q&A responses: +26.02018 Q1 · Q&A responses: +16.22018 Q2 · Q&A responses: +19.72018 Q3 · Q&A responses: +15.02018 Q4 · Q&A responses: +15.32019 Q1 · Q&A responses: +28.62019 Q2 · Q&A responses: +22.52019 Q3 · Q&A responses: +39.22019 Q4 · Q&A responses: +13.62020 Q1 · Q&A responses: +21.32020 Q2 · Q&A responses: +28.52020 Q3 · Q&A responses: +14.62020 Q4 · Q&A responses: +10.52021 Q1 · Q&A responses: +18.92021 Q2 · Q&A responses: +13.62021 Q3 · Q&A responses: +16.32021 Q4 · Q&A responses: +19.02022 Q1 · Q&A responses: +10.52022 Q2 · Q&A responses: +17.92022 Q3 · Q&A responses: +19.52022 Q4 · Q&A responses: +10.72023 Q1 · Q&A responses: +19.62023 Q2 · Q&A responses: +18.92023 Q3 · Q&A responses: +13.02023 Q4 · Q&A responses: +17.22024 Q1 · Q&A responses: +27.72024 Q2 · Q&A responses: +26.62024 Q3 · Q&A responses: +21.82024 Q4 · Q&A responses: +17.62025 Q1 · Q&A responses: +18.62025 Q2 · Q&A responses: +12.22025 Q3 · Q&A responses: +11.1
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

$1.47$3.15$4.842006 Q22009 Q12012 Q22014 Q42017 Q22019 Q42022 Q22024 Q42014 Q1: $1.702014 Q2: $1.702014 Q3: $1.782014 Q4: $1.962015 Q1: $1.982015 Q2: $2.012017 Q3: $2.532017 Q4: $2.532018 Q1: $2.622018 Q2: $2.732018 Q3: $2.832018 Q4: $2.932019 Q1: $3.072019 Q2: $3.052019 Q3: $3.052019 Q4: $3.262020 Q1: $3.202020 Q2: $2.702020 Q3: $2.712020 Q4: $3.372021 Q1: $3.772021 Q2: $4.022021 Q3: $4.542021 Q4: $4.252022 Q1: $4.492022 Q2: $4.612022 Q3: $3.992022 Q4: $3.462023 Q1: $3.872023 Q2: $4.042023 Q3: $3.942023 Q4: $4.102024 Q1: $4.122024 Q2: $3.942024 Q3: $3.242024 Q4: $2.29

Forward P/E

19.3432.4545.572006 Q22009 Q12012 Q22014 Q42017 Q22019 Q42022 Q22024 Q42014 Q1: 23.312014 Q2: 22.382014 Q3: 22.902014 Q4: 24.072015 Q1: 24.652015 Q2: 26.102017 Q3: 21.152017 Q4: 25.432018 Q1: 25.302018 Q2: 27.152018 Q3: 29.832018 Q4: 23.542019 Q1: 28.022019 Q2: 27.372019 Q3: 28.852019 Q4: 30.852020 Q1: 21.282020 Q2: 36.732020 Q3: 43.762020 Q4: 41.072021 Q1: 38.452021 Q2: 32.462021 Q3: 34.812021 Q4: 38.592022 Q1: 27.862022 Q2: 24.622022 Q3: 26.842022 Q4: 32.202023 Q1: 30.552023 Q2: 27.922023 Q3: 24.402023 Q4: 29.562024 Q1: 24.632024 Q2: 24.062024 Q3: 24.992024 Q4: 26.08

Divergence watch ⚑

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

  • 2014 Q3 tone ↓ -4.5 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -2.9 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -7.0 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -8.0 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +6.1 fwd EPS ↓ -0.50 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↓ -6.8 fwd EPS ↑ +0.66 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↑ +4.7 fwd EPS ↓ -0.29 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↓ -6.7 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +7.3 fwd EPS ↓ -0.62 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↑ +2.9 fwd EPS ↓ -0.10 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-03-20+9.4——View →
2025 Q22024-12-19+9.3——View →
2025 Q12024-10-01+11.9——View →
2024 Q42024-06-27+15.6$2.2926.1View →
2024 Q32024-03-21+18.3$3.2425.0View →
2024 Q22023-12-21+24.7$3.9424.1View →
2024 Q12023-09-28+26.6$4.1224.6View →
2023 Q42023-06-29+23.7$4.1029.6View →