Subtext

Principal Financial Group, Inc. PFG

SectorFinancials
Transcripts70
Date range2007-10-31 – 2025-04-25
Calls charted70

Sentiment timeline

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

-17-8+0+8+172007 Q32009 Q42012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · Overall: +12.32007 Q4 · Overall: -3.62008 Q1 · Overall: +1.42008 Q2 · Overall: +0.42008 Q3 · Overall: -7.82008 Q4 · Overall: -7.02009 Q1 · Overall: -7.62009 Q2 · Overall: -4.92009 Q3 · Overall: -3.22009 Q4 · Overall: +6.62010 Q1 · Overall: +5.32010 Q2 · Overall: -0.82010 Q4 · Overall: +4.52011 Q1 · Overall: +6.72011 Q2 · Overall: +10.52011 Q3 · Overall: +4.72011 Q4 · Overall: +10.62012 Q1 · Overall: +6.02012 Q2 · Overall: +4.42012 Q3 · Overall: +5.22012 Q4 · Overall: +10.62013 Q1 · Overall: +9.42013 Q2 · Overall: +6.72013 Q3 · Overall: +6.12013 Q4 · Overall: +8.52014 Q1 · Overall: +10.22014 Q2 · Overall: +12.22014 Q3 · Overall: +10.82014 Q4 · Overall: +7.62015 Q1 · Overall: +10.22015 Q2 · Overall: +11.62015 Q3 · Overall: +4.72015 Q4 · Overall: +8.22016 Q1 · Overall: +8.32016 Q2 · Overall: +10.02016 Q3 · Overall: +7.62016 Q4 · Overall: +10.52017 Q1 · Overall: +9.52017 Q2 · Overall: +10.72017 Q3 · Overall: +11.92017 Q4 · Overall: +9.82018 Q1 · Overall: +6.32018 Q2 · Overall: +9.32018 Q3 · Overall: +12.32018 Q4 · Overall: +4.02019 Q1 · Overall: +11.92019 Q2 · Overall: +14.82019 Q3 · Overall: +7.72019 Q4 · Overall: +5.12020 Q1 · Overall: -1.72020 Q2 · Overall: -1.52020 Q3 · Overall: -0.32020 Q4 · Overall: +4.52021 Q1 · Overall: +8.52021 Q2 · Overall: +5.12021 Q3 · Overall: +7.72021 Q4 · Overall: +9.62022 Q1 · Overall: +3.52022 Q2 · Overall: +3.42022 Q3 · Overall: -0.52022 Q4 · Overall: +2.52023 Q1 · Overall: +4.72023 Q2 · Overall: +10.22023 Q3 · Overall: +2.92023 Q4 · Overall: +10.12024 Q1 · Overall: +4.12024 Q2 · Overall: +10.12024 Q3 · Overall: +11.32024 Q4 · Overall: +13.82025 Q1 · Overall: +3.6
Overall

CEO vs CFO

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

-30-15+0+15+302007 Q32009 Q42012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · CEO: +16.52007 Q4 · CEO: +2.32008 Q2 · CEO: +9.72008 Q3 · CEO: +0.42008 Q4 · CEO: +3.02009 Q1 · CEO: +5.02009 Q2 · CEO: +3.22009 Q3 · CEO: -1.02009 Q4 · CEO: +8.32010 Q1 · CEO: +16.82010 Q2 · CEO: +5.12010 Q4 · CEO: +7.22011 Q1 · CEO: +9.52011 Q2 · CEO: +13.22011 Q3 · CEO: +11.42011 Q4 · CEO: +17.02012 Q1 · CEO: +11.02012 Q2 · CEO: +7.92012 Q3 · CEO: +9.92012 Q4 · CEO: +16.72013 Q1 · CEO: +14.82013 Q2 · CEO: +10.32013 Q3 · CEO: +8.62013 Q4 · CEO: +9.92014 Q1 · CEO: +17.32014 Q2 · CEO: +16.32014 Q3 · CEO: +17.52014 Q4 · CEO: +8.02015 Q1 · CEO: +14.52015 Q2 · CEO: +17.72015 Q3 · CEO: +20.92015 Q4 · CEO: +16.02016 Q2 · CEO: +15.12016 Q3 · CEO: +12.92016 Q4 · CEO: +16.02017 Q1 · CEO: +10.52017 Q2 · CEO: +15.42017 Q3 · CEO: +13.72017 Q4 · CEO: +11.52018 Q1 · CEO: +12.12018 Q2 · CEO: +13.72018 Q3 · CEO: +16.72018 Q4 · CEO: +24.42019 Q1 · CEO: +24.12019 Q2 · CEO: +26.42019 Q3 · CEO: -2.32019 Q4 · CEO: +17.82020 Q1 · CEO: +5.12020 Q2 · CEO: +4.82020 Q3 · CEO: +8.22020 Q4 · CEO: +10.32021 Q1 · CEO: +10.52021 Q2 · CEO: +14.02021 Q3 · CEO: +13.02021 Q4 · CEO: +17.12022 Q1 · CEO: +9.82022 Q2 · CEO: +9.92022 Q3 · CEO: +3.32022 Q4 · CEO: +10.12023 Q1 · CEO: +13.82023 Q4 · CEO: +19.42024 Q3 · CEO: +23.72007 Q4 · CFO: -13.42008 Q1 · CFO: -15.62008 Q2 · CFO: -6.32008 Q3 · CFO: -14.22008 Q4 · CFO: -20.62009 Q1 · CFO: -25.42009 Q2 · CFO: -17.22009 Q4 · CFO: +12.62010 Q1 · CFO: -0.42010 Q2 · CFO: +0.42010 Q4 · CFO: +9.12011 Q1 · CFO: +13.92011 Q2 · CFO: +17.52011 Q3 · CFO: -3.42011 Q4 · CFO: +8.22012 Q1 · CFO: +7.92012 Q2 · CFO: +10.62012 Q3 · CFO: +6.22012 Q4 · CFO: +13.42013 Q1 · CFO: +11.12013 Q2 · CFO: +7.52013 Q3 · CFO: +10.02013 Q4 · CFO: +13.92014 Q1 · CFO: +11.02014 Q2 · CFO: +13.82014 Q3 · CFO: +9.12014 Q4 · CFO: +7.22015 Q1 · CFO: +9.42015 Q3 · CFO: -5.22015 Q4 · CFO: +8.02016 Q1 · CFO: +10.32016 Q2 · CFO: +10.42016 Q3 · CFO: +4.52016 Q4 · CFO: +14.32017 Q1 · CFO: +15.72017 Q2 · CFO: +18.92017 Q3 · CFO: +21.32017 Q4 · CFO: +14.12018 Q1 · CFO: +4.02018 Q2 · CFO: +7.52018 Q3 · CFO: +7.22018 Q4 · CFO: -3.62019 Q1 · CFO: +6.52019 Q2 · CFO: +2.92019 Q3 · CFO: +22.12019 Q4 · CFO: -2.62020 Q1 · CFO: -10.82020 Q2 · CFO: -1.32020 Q3 · CFO: -7.82020 Q4 · CFO: +1.92021 Q1 · CFO: +11.12021 Q2 · CFO: -2.82021 Q3 · CFO: +4.42021 Q4 · CFO: +5.22022 Q1 · CFO: +2.12022 Q2 · CFO: +1.92022 Q3 · CFO: +1.22022 Q4 · CFO: +4.62023 Q1 · CFO: +4.62023 Q2 · CFO: +14.42023 Q3 · CFO: +11.52023 Q4 · CFO: +8.92024 Q2 · CFO: +13.92024 Q4 · CFO: +19.32025 Q1 · CFO: +5.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-31-15+0+15+312007 Q32009 Q42012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · Prepared remarks: +18.72007 Q4 · Prepared remarks: +5.22008 Q1 · Prepared remarks: +4.22008 Q2 · Prepared remarks: +6.72008 Q3 · Prepared remarks: -10.82008 Q4 · Prepared remarks: -5.32009 Q1 · Prepared remarks: -10.62009 Q2 · Prepared remarks: -4.22009 Q3 · Prepared remarks: -0.92009 Q4 · Prepared remarks: +11.92010 Q1 · Prepared remarks: +20.22010 Q2 · Prepared remarks: +7.02010 Q4 · Prepared remarks: +11.22011 Q1 · Prepared remarks: +22.92011 Q2 · Prepared remarks: +23.02011 Q3 · Prepared remarks: +6.92011 Q4 · Prepared remarks: +12.22012 Q1 · Prepared remarks: +15.82012 Q2 · Prepared remarks: +11.92012 Q3 · Prepared remarks: +11.12012 Q4 · Prepared remarks: +20.32013 Q1 · Prepared remarks: +20.02013 Q2 · Prepared remarks: +13.92013 Q3 · Prepared remarks: +15.72013 Q4 · Prepared remarks: +19.72014 Q1 · Prepared remarks: +23.32014 Q2 · Prepared remarks: +21.42014 Q3 · Prepared remarks: +20.92014 Q4 · Prepared remarks: +18.02015 Q1 · Prepared remarks: +20.22015 Q2 · Prepared remarks: +13.22015 Q3 · Prepared remarks: +15.22015 Q4 · Prepared remarks: +19.92016 Q1 · Prepared remarks: +16.22016 Q2 · Prepared remarks: +13.42016 Q3 · Prepared remarks: +16.72016 Q4 · Prepared remarks: +18.82017 Q1 · Prepared remarks: +17.12017 Q2 · Prepared remarks: +19.92017 Q3 · Prepared remarks: +21.02017 Q4 · Prepared remarks: +17.72018 Q1 · Prepared remarks: +12.62018 Q2 · Prepared remarks: +13.12018 Q3 · Prepared remarks: +17.42018 Q4 · Prepared remarks: +7.42019 Q1 · Prepared remarks: +20.22019 Q2 · Prepared remarks: +21.22019 Q3 · Prepared remarks: +12.32019 Q4 · Prepared remarks: +10.52020 Q1 · Prepared remarks: -6.52020 Q2 · Prepared remarks: +2.92020 Q3 · Prepared remarks: +3.42020 Q4 · Prepared remarks: +10.62021 Q1 · Prepared remarks: +12.42021 Q2 · Prepared remarks: +10.12021 Q3 · Prepared remarks: +13.22021 Q4 · Prepared remarks: +19.02022 Q1 · Prepared remarks: +9.22022 Q2 · Prepared remarks: +5.22022 Q3 · Prepared remarks: +8.42022 Q4 · Prepared remarks: +11.22023 Q1 · Prepared remarks: +10.02023 Q2 · Prepared remarks: +20.02023 Q3 · Prepared remarks: +17.62023 Q4 · Prepared remarks: +13.42024 Q1 · Prepared remarks: +13.22024 Q2 · Prepared remarks: +18.02024 Q3 · Prepared remarks: +20.02024 Q4 · Prepared remarks: +26.92025 Q1 · Prepared remarks: +15.62007 Q3 · Q&A responses: +12.12007 Q4 · Q&A responses: -7.32008 Q1 · Q&A responses: +0.72008 Q2 · Q&A responses: -3.02008 Q3 · Q&A responses: -0.92008 Q4 · Q&A responses: -7.42009 Q1 · Q&A responses: -1.22009 Q2 · Q&A responses: -3.12009 Q3 · Q&A responses: +0.02009 Q4 · Q&A responses: +7.32010 Q1 · Q&A responses: +1.02010 Q2 · Q&A responses: -3.42010 Q4 · Q&A responses: +2.82011 Q1 · Q&A responses: +0.82011 Q2 · Q&A responses: +5.82011 Q3 · Q&A responses: +4.22011 Q4 · Q&A responses: +11.72012 Q1 · Q&A responses: +1.62012 Q2 · Q&A responses: +2.02012 Q3 · Q&A responses: +6.12012 Q4 · Q&A responses: +7.52013 Q1 · Q&A responses: +7.22013 Q2 · Q&A responses: +4.62013 Q3 · Q&A responses: +2.42013 Q4 · Q&A responses: +3.62014 Q1 · Q&A responses: +5.62014 Q2 · Q&A responses: +9.52014 Q3 · Q&A responses: +8.22014 Q4 · Q&A responses: +6.12015 Q1 · Q&A responses: +7.32015 Q2 · Q&A responses: +14.52015 Q3 · Q&A responses: +1.62015 Q4 · Q&A responses: +6.02016 Q1 · Q&A responses: +5.22016 Q2 · Q&A responses: +11.52016 Q3 · Q&A responses: +5.52016 Q4 · Q&A responses: +6.62017 Q1 · Q&A responses: +7.32017 Q2 · Q&A responses: +10.92017 Q3 · Q&A responses: +9.72017 Q4 · Q&A responses: +8.72018 Q1 · Q&A responses: +6.02018 Q2 · Q&A responses: +9.92018 Q3 · Q&A responses: +11.92018 Q4 · Q&A responses: +3.32019 Q1 · Q&A responses: +10.42019 Q2 · Q&A responses: +15.02019 Q3 · Q&A responses: +7.92019 Q4 · Q&A responses: +1.82020 Q1 · Q&A responses: +4.22020 Q2 · Q&A responses: -3.22020 Q3 · Q&A responses: -0.42020 Q4 · Q&A responses: +2.12021 Q1 · Q&A responses: +10.62021 Q2 · Q&A responses: +7.42021 Q3 · Q&A responses: +7.92021 Q4 · Q&A responses: +8.22022 Q1 · Q&A responses: +4.72022 Q2 · Q&A responses: +6.32022 Q3 · Q&A responses: -0.72022 Q4 · Q&A responses: +2.22023 Q1 · Q&A responses: +4.92023 Q2 · Q&A responses: +11.42023 Q3 · Q&A responses: +0.62023 Q4 · Q&A responses: +12.62024 Q1 · Q&A responses: +9.12024 Q2 · Q&A responses: +11.42024 Q3 · Q&A responses: +12.22024 Q4 · Q&A responses: +8.82025 Q1 · Q&A responses: +2.0
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

$3.64$6.03$8.432007 Q32009 Q42012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: $3.972014 Q2: $4.212014 Q3: $4.462014 Q4: $4.452015 Q1: $4.482015 Q2: $4.552015 Q3: $4.642015 Q4: $4.402016 Q1: $4.332016 Q2: $4.442016 Q3: $4.612016 Q4: $4.832017 Q1: $4.972017 Q2: $5.212017 Q3: $5.412017 Q4: $5.612018 Q1: $5.852018 Q2: $5.882018 Q3: $5.952018 Q4: $5.852019 Q1: $5.582019 Q2: $5.912019 Q3: $6.092019 Q4: $5.942020 Q1: $5.962020 Q2: $5.292020 Q3: $5.862020 Q4: $6.062021 Q1: $6.182021 Q2: $6.522021 Q3: $6.922021 Q4: $6.972022 Q1: $6.952022 Q2: $7.142022 Q3: $7.072022 Q4: $7.062023 Q1: $6.992023 Q2: $7.082023 Q3: $7.222023 Q4: $7.412024 Q1: $7.802024 Q2: $7.992024 Q3: $8.10

Forward P/E

3.918.7113.502007 Q32009 Q42012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: 11.592014 Q2: 11.832014 Q3: 12.092014 Q4: 11.282015 Q1: 11.432015 Q2: 11.442015 Q3: 10.642015 Q4: 10.622016 Q1: 9.212016 Q2: 9.382016 Q3: 10.502016 Q4: 12.162017 Q1: 12.842017 Q2: 12.532017 Q3: 11.512017 Q4: 12.522018 Q1: 10.612018 Q2: 9.632018 Q3: 9.882018 Q4: 7.392019 Q1: 9.172019 Q2: 9.512019 Q3: 9.382019 Q4: 9.222020 Q1: 4.572020 Q2: 8.102020 Q3: 7.102020 Q4: 7.962021 Q1: 9.752021 Q2: 9.892021 Q3: 9.552021 Q4: 10.382022 Q1: 10.012022 Q2: 9.102022 Q3: 10.972022 Q4: 12.492023 Q1: 9.972023 Q2: 10.232023 Q3: 10.462023 Q4: 10.542024 Q1: 10.372024 Q2: 9.822024 Q3: 10.33

Divergence watch ⚑

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

  • 2015 Q3 tone ↓ -6.9 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↑ +3.5 fwd EPS ↓ -0.24 Tone rose while the forward EPS estimate was cut.
  • 2016 Q3 tone ↓ -2.4 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -2.1 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -3.4 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↑ +7.9 fwd EPS ↓ -0.27 Tone rose while the forward EPS estimate was cut.
  • 2019 Q3 tone ↓ -7.1 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -3.4 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +2.1 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -7.3 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -6.0 fwd EPS ↑ +0.39 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-25+3.6——View →
2024 Q42025-02-07+13.8——View →
2024 Q32024-10-25+11.3$8.1010.3View →
2024 Q22024-07-26+10.1$7.999.8View →
2024 Q12024-04-26+4.1$7.8010.4View →
2023 Q42024-02-13+10.1$7.4110.5View →
2023 Q32023-10-27+2.9$7.2210.5View →
2023 Q22023-07-28+10.2$7.0810.2View →