Subtext

Otis Worldwide Corporation OTIS

SectorIndustrials
Transcripts21
Date range2020-05-07 – 2025-04-23
Calls charted21

Sentiment timeline

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

-23-11+0+11+232020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: -1.12020 Q2 · Overall: +5.82020 Q3 · Overall: +10.22020 Q4 · Overall: +14.52021 Q1 · Overall: +20.02021 Q2 · Overall: +14.92021 Q3 · Overall: +8.92021 Q4 · Overall: +11.62022 Q1 · Overall: +9.12022 Q2 · Overall: +9.92022 Q3 · Overall: +7.82022 Q4 · Overall: +8.52023 Q1 · Overall: +9.22023 Q2 · Overall: +12.32023 Q3 · Overall: +5.02023 Q4 · Overall: +12.82024 Q1 · Overall: +2.72024 Q2 · Overall: +7.32024 Q3 · Overall: +7.92024 Q4 · Overall: +9.32025 Q1 · Overall: +7.4
Overall

CEO vs CFO

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

-32-16+0+16+322020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · CEO: +0.72020 Q2 · CEO: +10.42020 Q3 · CEO: +15.92020 Q4 · CEO: +18.42021 Q1 · CEO: +18.02021 Q2 · CEO: +15.72021 Q3 · CEO: +15.92021 Q4 · CEO: +19.22022 Q1 · CEO: +16.92022 Q3 · CEO: +12.62022 Q4 · CEO: +14.02023 Q1 · CEO: +13.42023 Q2 · CEO: +13.32023 Q3 · CEO: +7.12023 Q4 · CEO: +20.62024 Q1 · CEO: +4.72024 Q3 · CEO: +12.42024 Q4 · CEO: +11.12025 Q1 · CEO: +11.92020 Q1 · CFO: -1.02020 Q2 · CFO: +6.82020 Q3 · CFO: +12.32020 Q4 · CFO: +16.02021 Q1 · CFO: +27.82021 Q2 · CFO: +21.62021 Q4 · CFO: +11.42022 Q1 · CFO: +9.42022 Q3 · CFO: +12.22022 Q4 · CFO: +10.82023 Q1 · CFO: +11.82023 Q2 · CFO: +17.42023 Q3 · CFO: +10.92023 Q4 · CFO: +11.32024 Q1 · CFO: +6.62024 Q3 · CFO: +4.32024 Q4 · CFO: +13.82025 Q1 · CFO: +8.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-28-14+0+14+282020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: -1.22020 Q2 · Prepared remarks: +9.92020 Q3 · Prepared remarks: +17.72020 Q4 · Prepared remarks: +17.32021 Q1 · Prepared remarks: +24.42021 Q2 · Prepared remarks: +21.22021 Q3 · Prepared remarks: +18.22021 Q4 · Prepared remarks: +15.32022 Q1 · Prepared remarks: +12.52022 Q2 · Prepared remarks: +15.92022 Q3 · Prepared remarks: +18.72022 Q4 · Prepared remarks: +15.42023 Q1 · Prepared remarks: +17.92023 Q2 · Prepared remarks: +21.12023 Q3 · Prepared remarks: +11.12023 Q4 · Prepared remarks: +15.22024 Q1 · Prepared remarks: +3.62024 Q2 · Prepared remarks: +13.02024 Q3 · Prepared remarks: +6.92024 Q4 · Prepared remarks: +16.12025 Q1 · Prepared remarks: +14.32020 Q1 · Q&A responses: +0.62020 Q2 · Q&A responses: +6.22020 Q3 · Q&A responses: +11.22020 Q4 · Q&A responses: +15.72021 Q1 · Q&A responses: +21.22021 Q2 · Q&A responses: +14.22021 Q3 · Q&A responses: +8.02021 Q4 · Q&A responses: +13.32022 Q1 · Q&A responses: +10.32022 Q2 · Q&A responses: +11.32022 Q3 · Q&A responses: +8.92022 Q4 · Q&A responses: +9.52023 Q1 · Q&A responses: +8.42023 Q2 · Q&A responses: +10.42023 Q3 · Q&A responses: +6.72023 Q4 · Q&A responses: +18.32024 Q1 · Q&A responses: +5.62024 Q2 · Q&A responses: +7.12024 Q3 · Q&A responses: +11.02024 Q4 · Q&A responses: +8.12025 Q1 · Q&A responses: +7.1
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

$2.00$3.16$4.332020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q2: $2.162020 Q3: $2.442020 Q4: $2.642021 Q1: $2.782021 Q2: $2.992021 Q3: $3.192021 Q4: $3.292022 Q1: $3.392022 Q2: $3.432022 Q3: $3.462022 Q4: $3.422023 Q1: $3.552023 Q2: $3.652023 Q3: $3.792023 Q4: $3.842024 Q1: $3.962024 Q2: $4.072024 Q3: $4.142024 Q4: $4.17

Forward P/E

19.5824.2528.922020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q2: 26.272020 Q3: 24.502020 Q4: 24.712021 Q1: 24.672021 Q2: 26.972021 Q3: 28.282021 Q4: 25.812022 Q1: 22.252022 Q2: 20.342022 Q3: 20.222022 Q4: 23.462023 Q1: 22.882023 Q2: 23.942023 Q3: 21.452023 Q4: 23.282024 Q1: 24.852024 Q2: 23.742024 Q3: 22.682024 Q4: 22.51

Divergence watch ⚑

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

  • 2021 Q2 tone ↓ -5.0 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -6.0 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -2.5 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -7.4 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -10.1 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-23+7.4——View →
2024 Q42025-01-29+9.3$4.1722.5View →
2024 Q32024-10-30+7.9$4.1422.7View →
2024 Q22024-07-24+7.3$4.0723.7View →
2024 Q12024-04-24+2.7$3.9624.9View →
2023 Q42024-01-31+12.8$3.8423.3View →
2023 Q32023-10-25+5.0$3.7921.4View →
2023 Q22023-07-26+12.3$3.6523.9View →