Subtext

Pfizer Inc. PFE

SectorHealth Care
Transcripts72
Date range2007-07-18 – 2025-04-29
Calls charted72

Sentiment timeline

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

-18-9+0+9+182007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Overall: +7.12007 Q3 · Overall: +4.12007 Q4 · Overall: +4.12008 Q1 · Overall: -0.82008 Q2 · Overall: +4.02008 Q3 · Overall: +5.72008 Q4 · Overall: +8.92009 Q1 · Overall: +0.42009 Q2 · Overall: +2.12009 Q3 · Overall: +6.42009 Q4 · Overall: +4.02010 Q1 · Overall: +6.42010 Q2 · Overall: +1.92010 Q3 · Overall: -2.02010 Q4 · Overall: +8.92011 Q1 · Overall: +3.52011 Q2 · Overall: +5.02011 Q3 · Overall: +3.52011 Q4 · Overall: +5.12012 Q1 · Overall: +1.62012 Q2 · Overall: +6.22012 Q3 · Overall: +1.62012 Q4 · Overall: +6.52013 Q1 · Overall: +3.92013 Q2 · Overall: +1.42013 Q3 · Overall: +8.12013 Q4 · Overall: +3.22014 Q1 · Overall: +4.82014 Q2 · Overall: +5.52014 Q3 · Overall: +3.52014 Q4 · Overall: +3.82015 Q1 · Overall: +6.02015 Q2 · Overall: +5.82015 Q3 · Overall: +5.32015 Q4 · Overall: +0.72016 Q1 · Overall: +5.72016 Q2 · Overall: +1.82016 Q3 · Overall: +0.52016 Q4 · Overall: -0.72017 Q1 · Overall: +2.42017 Q2 · Overall: +3.32017 Q3 · Overall: -2.42017 Q4 · Overall: +2.82018 Q1 · Overall: +3.52018 Q2 · Overall: +6.52018 Q3 · Overall: +9.32018 Q4 · Overall: +7.42019 Q1 · Overall: +2.32019 Q2 · Overall: +1.82019 Q3 · Overall: +4.42019 Q4 · Overall: +8.22020 Q1 · Overall: +2.72020 Q2 · Overall: +2.02020 Q3 · Overall: +3.02020 Q4 · Overall: +6.02021 Q1 · Overall: +0.32021 Q2 · Overall: +3.52021 Q3 · Overall: +3.42021 Q4 · Overall: +5.32022 Q1 · Overall: +5.32022 Q2 · Overall: +5.02022 Q3 · Overall: +7.42022 Q4 · Overall: +6.22023 Q1 · Overall: +5.02023 Q2 · Overall: +4.12023 Q3 · Overall: +6.72023 Q4 · Overall: +8.32024 Q1 · Overall: +9.02024 Q2 · Overall: +11.22024 Q3 · Overall: +9.82024 Q4 · Overall: +15.82025 Q1 · Overall: +6.1
Overall

CEO vs CFO

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

-28-14+0+14+282007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · CEO: +19.42007 Q4 · CEO: +12.42008 Q1 · CEO: +9.92008 Q2 · CEO: +9.72008 Q4 · CEO: +22.52010 Q4 · CEO: +16.12011 Q1 · CEO: +11.92011 Q2 · CEO: +13.02011 Q3 · CEO: +13.52011 Q4 · CEO: +13.02012 Q1 · CEO: +10.12012 Q2 · CEO: +10.52012 Q3 · CEO: +7.92012 Q4 · CEO: +11.92013 Q1 · CEO: +15.12013 Q2 · CEO: +14.22013 Q3 · CEO: +9.62013 Q4 · CEO: +12.22014 Q1 · CEO: +14.12014 Q2 · CEO: +10.12014 Q3 · CEO: +9.62014 Q4 · CEO: +11.92015 Q1 · CEO: +12.72015 Q2 · CEO: +15.02015 Q3 · CEO: +14.02015 Q4 · CEO: +17.12016 Q1 · CEO: +14.82016 Q2 · CEO: +10.22016 Q3 · CEO: +6.42016 Q4 · CEO: +8.22017 Q1 · CEO: +9.02017 Q2 · CEO: +12.12017 Q3 · CEO: +7.92017 Q4 · CEO: +11.32018 Q1 · CEO: +10.32018 Q2 · CEO: +7.12018 Q3 · CEO: +7.82018 Q4 · CEO: +19.02019 Q1 · CEO: +10.52019 Q3 · CEO: +4.22019 Q4 · CEO: +12.22020 Q2 · CEO: +1.92020 Q3 · CEO: +8.42020 Q4 · CEO: +8.42021 Q1 · CEO: +1.82021 Q2 · CEO: +9.82021 Q3 · CEO: +3.02021 Q4 · CEO: +11.42022 Q1 · CEO: +13.12022 Q2 · CEO: +5.82022 Q3 · CEO: +4.62022 Q4 · CEO: +7.82023 Q1 · CEO: -0.42023 Q2 · CEO: +1.32023 Q3 · CEO: +2.42023 Q4 · CEO: +15.02024 Q2 · CEO: +24.22024 Q3 · CEO: +13.22024 Q4 · CEO: +23.62025 Q1 · CEO: +6.22007 Q2 · CFO: +0.02007 Q4 · CFO: +3.42008 Q1 · CFO: -1.52008 Q2 · CFO: +8.82008 Q4 · CFO: +7.62010 Q4 · CFO: +3.72011 Q1 · CFO: +1.82011 Q4 · CFO: +9.72012 Q1 · CFO: +0.52012 Q2 · CFO: +0.02012 Q3 · CFO: -1.52012 Q4 · CFO: +13.92013 Q1 · CFO: -7.32013 Q3 · CFO: +15.32013 Q4 · CFO: +2.32014 Q1 · CFO: +3.32014 Q2 · CFO: +4.92014 Q3 · CFO: +3.02014 Q4 · CFO: -0.72015 Q1 · CFO: +1.62015 Q2 · CFO: -0.52015 Q3 · CFO: +2.62015 Q4 · CFO: -2.52016 Q1 · CFO: +9.02016 Q2 · CFO: +4.52016 Q3 · CFO: -3.02016 Q4 · CFO: -4.62017 Q1 · CFO: +2.22017 Q2 · CFO: -0.82017 Q3 · CFO: -7.32017 Q4 · CFO: +2.92018 Q1 · CFO: +6.52018 Q3 · CFO: +6.52018 Q4 · CFO: -3.92019 Q1 · CFO: -3.62019 Q3 · CFO: +11.82019 Q4 · CFO: -1.72020 Q2 · CFO: +10.62020 Q3 · CFO: +3.22021 Q1 · CFO: +7.32021 Q2 · CFO: -8.12021 Q3 · CFO: +3.22021 Q4 · CFO: +0.52022 Q1 · CFO: +0.62022 Q2 · CFO: +7.02022 Q3 · CFO: +8.72022 Q4 · CFO: +10.92023 Q1 · CFO: +1.62023 Q2 · CFO: +5.82023 Q3 · CFO: +3.02023 Q4 · CFO: +8.62024 Q2 · CFO: +15.02024 Q3 · CFO: +13.62024 Q4 · CFO: +20.72025 Q1 · CFO: +21.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-66-33+0+33+662007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Prepared remarks: +17.62007 Q3 · Prepared remarks: +14.22007 Q4 · Prepared remarks: +14.92008 Q1 · Prepared remarks: +7.92008 Q2 · Prepared remarks: +8.22008 Q3 · Prepared remarks: +13.72008 Q4 · Prepared remarks: +18.42009 Q1 · Prepared remarks: +5.92009 Q2 · Prepared remarks: +7.42009 Q3 · Prepared remarks: +9.82009 Q4 · Prepared remarks: +11.82010 Q1 · Prepared remarks: +10.02010 Q2 · Prepared remarks: +9.52010 Q3 · Prepared remarks: +3.72010 Q4 · Prepared remarks: +17.12011 Q1 · Prepared remarks: +11.52011 Q2 · Prepared remarks: +14.82011 Q3 · Prepared remarks: +13.32011 Q4 · Prepared remarks: +15.32012 Q1 · Prepared remarks: +12.02012 Q2 · Prepared remarks: +5.42012 Q3 · Prepared remarks: +5.42012 Q4 · Prepared remarks: +7.12013 Q1 · Prepared remarks: +5.02013 Q2 · Prepared remarks: +9.52013 Q3 · Prepared remarks: +11.62013 Q4 · Prepared remarks: +10.82014 Q1 · Prepared remarks: +9.12014 Q2 · Prepared remarks: +3.72014 Q3 · Prepared remarks: +10.12014 Q4 · Prepared remarks: +12.12015 Q1 · Prepared remarks: +12.02015 Q2 · Prepared remarks: +11.62015 Q3 · Prepared remarks: +8.12015 Q4 · Prepared remarks: +10.92016 Q1 · Prepared remarks: +16.22016 Q2 · Prepared remarks: +13.42016 Q3 · Prepared remarks: +6.72016 Q4 · Prepared remarks: +3.12017 Q1 · Prepared remarks: +9.32017 Q2 · Prepared remarks: +10.22017 Q3 · Prepared remarks: +4.42017 Q4 · Prepared remarks: +17.02018 Q1 · Prepared remarks: +12.52018 Q2 · Prepared remarks: +9.62018 Q3 · Prepared remarks: +16.52018 Q4 · Prepared remarks: +12.72019 Q1 · Prepared remarks: +11.62019 Q2 · Prepared remarks: -5.02019 Q3 · Prepared remarks: +14.92019 Q4 · Prepared remarks: +5.52020 Q1 · Prepared remarks: -2.52020 Q2 · Prepared remarks: +0.02020 Q3 · Prepared remarks: +5.62020 Q4 · Prepared remarks: +12.02021 Q1 · Prepared remarks: +17.72021 Q2 · Prepared remarks: +11.62021 Q3 · Prepared remarks: +8.02021 Q4 · Prepared remarks: +9.52022 Q1 · Prepared remarks: +17.42022 Q2 · Prepared remarks: +5.32022 Q3 · Prepared remarks: +12.12022 Q4 · Prepared remarks: +17.42023 Q1 · Prepared remarks: +6.42023 Q2 · Prepared remarks: +6.22023 Q3 · Prepared remarks: +5.92023 Q4 · Prepared remarks: +14.52024 Q1 · Prepared remarks: +57.52024 Q2 · Prepared remarks: +28.42024 Q3 · Prepared remarks: +18.52024 Q4 · Prepared remarks: +16.42025 Q1 · Prepared remarks: +6.02007 Q2 · Q&A responses: +6.92007 Q3 · Q&A responses: -2.82007 Q4 · Q&A responses: -4.22008 Q1 · Q&A responses: +0.22008 Q2 · Q&A responses: +6.92008 Q3 · Q&A responses: +4.42008 Q4 · Q&A responses: +8.12009 Q1 · Q&A responses: -2.12009 Q2 · Q&A responses: +1.22009 Q3 · Q&A responses: +6.62009 Q4 · Q&A responses: -0.72010 Q1 · Q&A responses: +4.52010 Q2 · Q&A responses: +0.02010 Q3 · Q&A responses: -3.12010 Q4 · Q&A responses: +8.82011 Q1 · Q&A responses: +5.42011 Q2 · Q&A responses: +5.22011 Q3 · Q&A responses: +4.82011 Q4 · Q&A responses: +7.92012 Q1 · Q&A responses: +4.42012 Q2 · Q&A responses: +9.82012 Q3 · Q&A responses: +5.12012 Q4 · Q&A responses: +11.32013 Q1 · Q&A responses: +7.82013 Q2 · Q&A responses: +3.52013 Q3 · Q&A responses: +11.42013 Q4 · Q&A responses: +3.52014 Q1 · Q&A responses: +6.12014 Q2 · Q&A responses: +11.92014 Q3 · Q&A responses: +4.02014 Q4 · Q&A responses: +2.82015 Q1 · Q&A responses: +8.82015 Q2 · Q&A responses: +8.82015 Q3 · Q&A responses: +8.32015 Q4 · Q&A responses: +1.32016 Q1 · Q&A responses: +6.62016 Q2 · Q&A responses: +3.12016 Q3 · Q&A responses: +1.62016 Q4 · Q&A responses: +2.62017 Q1 · Q&A responses: +6.72017 Q2 · Q&A responses: +6.12017 Q3 · Q&A responses: -0.72017 Q4 · Q&A responses: +3.52018 Q1 · Q&A responses: +5.22018 Q2 · Q&A responses: +8.02018 Q3 · Q&A responses: +9.82018 Q4 · Q&A responses: +9.32019 Q1 · Q&A responses: +6.32019 Q2 · Q&A responses: +9.72019 Q3 · Q&A responses: +7.82019 Q4 · Q&A responses: +12.82020 Q1 · Q&A responses: +8.72020 Q2 · Q&A responses: +6.42020 Q3 · Q&A responses: +7.32020 Q4 · Q&A responses: +7.72021 Q1 · Q&A responses: +0.02021 Q2 · Q&A responses: +6.12021 Q3 · Q&A responses: +2.92021 Q4 · Q&A responses: +6.72022 Q1 · Q&A responses: +4.32022 Q2 · Q&A responses: +8.32022 Q3 · Q&A responses: +5.62022 Q4 · Q&A responses: +3.02023 Q1 · Q&A responses: +9.32023 Q2 · Q&A responses: +4.32023 Q3 · Q&A responses: +8.42023 Q4 · Q&A responses: +10.52024 Q1 · Q&A responses: +13.02024 Q2 · Q&A responses: +4.12024 Q3 · Q&A responses: +9.32024 Q4 · Q&A responses: +15.5
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

$1.74$4.50$7.262007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: $2.282014 Q2: $2.252014 Q3: $2.242014 Q4: $2.232015 Q1: $2.122015 Q2: $2.192015 Q3: $2.292015 Q4: $2.362016 Q1: $2.332016 Q2: $2.542016 Q3: $2.602016 Q4: $2.632017 Q1: $2.612017 Q2: $2.652017 Q3: $2.712017 Q4: $2.762018 Q1: $2.982018 Q2: $3.012018 Q3: $3.072018 Q4: $3.072019 Q1: $2.942019 Q2: $2.982019 Q3: $2.812019 Q4: $2.892020 Q1: $2.962020 Q2: $2.982020 Q3: $3.182020 Q4: $3.062021 Q1: $3.232021 Q2: $3.602021 Q3: $3.682021 Q4: $5.802022 Q1: $6.882022 Q2: $6.142022 Q3: $5.552022 Q4: $4.882023 Q1: $3.482023 Q2: $3.432023 Q3: $3.312023 Q4: $2.462024 Q1: $2.332024 Q2: $2.542024 Q3: $2.80

Forward P/E

7.0111.9616.922007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: 13.892014 Q2: 13.182014 Q3: 13.532014 Q4: 13.962015 Q1: 16.242015 Q2: 15.522015 Q3: 14.502015 Q4: 13.812016 Q1: 12.442016 Q2: 13.722016 Q3: 13.042016 Q4: 12.482017 Q1: 13.282017 Q2: 12.362017 Q3: 12.942017 Q4: 13.282018 Q1: 12.212018 Q2: 12.032018 Q3: 14.082018 Q4: 13.672019 Q1: 14.282019 Q2: 14.572019 Q3: 12.942019 Q4: 13.462020 Q1: 10.922020 Q2: 11.242020 Q3: 11.562020 Q4: 12.372021 Q1: 11.082021 Q2: 10.902021 Q3: 12.162021 Q4: 10.142022 Q1: 7.692022 Q2: 7.892022 Q3: 8.322022 Q4: 11.162023 Q1: 11.572023 Q2: 11.482023 Q3: 10.302023 Q4: 10.842024 Q1: 12.092024 Q2: 10.792024 Q3: 10.62

Divergence watch ⚑

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

  • 2015 Q1 tone ↑ +2.2 fwd EPS ↓ -0.11 Tone rose while the forward EPS estimate was cut.
  • 2015 Q4 tone ↓ -4.6 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↑ +5.0 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↓ -3.9 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -5.7 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↑ +2.6 fwd EPS ↓ -0.17 Tone rose while the forward EPS estimate was cut.
  • 2020 Q1 tone ↓ -5.6 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↑ +3.0 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -5.8 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +2.4 fwd EPS ↓ -0.59 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↑ +2.6 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+6.1——View →
2024 Q42025-02-04+15.8——View →
2024 Q32024-10-29+9.8$2.8010.6View →
2024 Q22024-07-30+11.2$2.5410.8View →
2024 Q12024-05-01+9.0$2.3312.1View →
2023 Q42024-01-30+8.3$2.4610.8View →
2023 Q32023-10-31+6.7$3.3110.3View →
2023 Q22023-08-01+4.1$3.4311.5View →