Subtext

Packaging Corporation of America PKG

SectorMaterials
Transcripts33
Date range2017-04-27 – 2025-04-23
Calls charted33

Sentiment timeline

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

-10-5+0+5+102017 Q12018 Q22019 Q32020 Q42022 Q12023 Q22024 Q32017 Q1 · Overall: +3.72017 Q2 · Overall: +4.82017 Q3 · Overall: +2.52017 Q4 · Overall: -0.82018 Q1 · Overall: +4.82018 Q2 · Overall: +6.12018 Q3 · Overall: +4.32018 Q4 · Overall: +8.42019 Q1 · Overall: -3.32019 Q2 · Overall: +5.42019 Q3 · Overall: +6.52019 Q4 · Overall: -0.82020 Q1 · Overall: +0.42020 Q2 · Overall: -2.12020 Q3 · Overall: +1.02020 Q4 · Overall: +3.22021 Q1 · Overall: +0.42021 Q2 · Overall: +3.92021 Q3 · Overall: +2.82021 Q4 · Overall: +4.32022 Q1 · Overall: +6.42022 Q2 · Overall: +2.82022 Q3 · Overall: -3.32022 Q4 · Overall: +3.62023 Q1 · Overall: -3.72023 Q2 · Overall: +0.72023 Q3 · Overall: +6.82023 Q4 · Overall: +2.52024 Q1 · Overall: +4.22024 Q2 · Overall: +8.62024 Q3 · Overall: +7.12024 Q4 · Overall: +2.02025 Q1 · Overall: +2.8
Overall

CEO vs CFO

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

-23-11+0+11+232017 Q12018 Q22019 Q32020 Q42022 Q12023 Q22024 Q32017 Q1 · CEO: +0.32017 Q2 · CEO: +7.02017 Q3 · CEO: +4.52017 Q4 · CEO: -1.52018 Q1 · CEO: +7.72018 Q2 · CEO: +9.62018 Q3 · CEO: +3.62018 Q4 · CEO: +13.02019 Q1 · CEO: -3.92019 Q2 · CEO: +9.82019 Q3 · CEO: +12.42019 Q4 · CEO: +6.72020 Q1 · CEO: -1.32020 Q2 · CEO: +4.82020 Q3 · CEO: +1.42020 Q4 · CEO: +6.62021 Q1 · CEO: +1.12021 Q2 · CEO: +10.32021 Q3 · CEO: +8.62021 Q4 · CEO: +9.42022 Q1 · CEO: +7.82022 Q2 · CEO: +1.72022 Q3 · CEO: +3.32022 Q4 · CEO: +12.72023 Q1 · CEO: +3.22023 Q2 · CEO: +7.32023 Q3 · CEO: +6.92023 Q4 · CEO: +12.42024 Q1 · CEO: +11.42024 Q2 · CEO: +14.72024 Q3 · CEO: +8.32024 Q4 · CEO: +13.32025 Q1 · CEO: +0.82017 Q1 · CFO: +12.42017 Q2 · CFO: +4.12017 Q3 · CFO: +4.02017 Q4 · CFO: -6.12018 Q1 · CFO: +1.22018 Q2 · CFO: +6.22018 Q3 · CFO: +7.12018 Q4 · CFO: +2.62019 Q1 · CFO: -6.62019 Q2 · CFO: +19.62019 Q3 · CFO: +6.62019 Q4 · CFO: -5.72020 Q1 · CFO: +3.62020 Q2 · CFO: -18.62020 Q3 · CFO: +3.52020 Q4 · CFO: +5.12021 Q1 · CFO: +9.02021 Q2 · CFO: +3.92021 Q3 · CFO: -2.72021 Q4 · CFO: +0.62022 Q1 · CFO: +8.52022 Q2 · CFO: +2.02022 Q3 · CFO: -8.82022 Q4 · CFO: +3.82023 Q1 · CFO: -6.02023 Q2 · CFO: +10.42023 Q3 · CFO: +10.72023 Q4 · CFO: +0.02024 Q1 · CFO: +1.42024 Q2 · CFO: +13.12024 Q3 · CFO: +9.42024 Q4 · CFO: -12.92025 Q1 · CFO: -9.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-19-9+0+9+192017 Q12018 Q22019 Q32020 Q42022 Q12023 Q22024 Q32017 Q1 · Prepared remarks: -14.62017 Q2 · Prepared remarks: +0.72017 Q3 · Prepared remarks: -8.92017 Q4 · Prepared remarks: +1.92018 Q1 · Prepared remarks: +1.42018 Q2 · Prepared remarks: +5.92018 Q3 · Prepared remarks: +4.42018 Q4 · Prepared remarks: +11.12019 Q1 · Prepared remarks: +4.32019 Q2 · Prepared remarks: +2.02019 Q3 · Prepared remarks: +0.02019 Q4 · Prepared remarks: +2.22020 Q1 · Prepared remarks: -2.22020 Q2 · Prepared remarks: -2.92020 Q3 · Prepared remarks: +1.42020 Q4 · Prepared remarks: +4.72021 Q1 · Prepared remarks: +1.42021 Q2 · Prepared remarks: +6.52021 Q3 · Prepared remarks: +2.92021 Q4 · Prepared remarks: +7.92022 Q1 · Prepared remarks: +6.12022 Q2 · Prepared remarks: +0.02022 Q3 · Prepared remarks: -2.62022 Q4 · Prepared remarks: +5.62023 Q1 · Prepared remarks: -0.72023 Q2 · Prepared remarks: -1.32023 Q3 · Prepared remarks: +0.72023 Q4 · Prepared remarks: +9.22024 Q1 · Prepared remarks: +5.62024 Q2 · Prepared remarks: +7.62024 Q3 · Prepared remarks: +6.12024 Q4 · Prepared remarks: +7.62025 Q1 · Prepared remarks: +1.82017 Q1 · Q&A responses: +11.62017 Q2 · Q&A responses: +7.42017 Q3 · Q&A responses: +8.72017 Q4 · Q&A responses: -0.82018 Q1 · Q&A responses: +8.42018 Q2 · Q&A responses: +10.62018 Q3 · Q&A responses: +5.52018 Q4 · Q&A responses: +10.52019 Q1 · Q&A responses: -2.22019 Q2 · Q&A responses: +14.52019 Q3 · Q&A responses: +13.92019 Q4 · Q&A responses: +5.12020 Q1 · Q&A responses: +2.12020 Q2 · Q&A responses: +3.32020 Q4 · Q&A responses: +8.32021 Q1 · Q&A responses: +3.12021 Q2 · Q&A responses: +8.52021 Q3 · Q&A responses: +5.52021 Q4 · Q&A responses: +4.32022 Q1 · Q&A responses: +8.22022 Q2 · Q&A responses: +7.22022 Q3 · Q&A responses: -3.12022 Q4 · Q&A responses: +10.72023 Q1 · Q&A responses: -1.72023 Q2 · Q&A responses: +5.02023 Q3 · Q&A responses: +11.82023 Q4 · Q&A responses: +4.52024 Q1 · Q&A responses: +7.82024 Q2 · Q&A responses: +16.22024 Q3 · Q&A responses: +10.72024 Q4 · Q&A responses: +4.12025 Q1 · Q&A responses: +4.2
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

$4.72$8.46$12.192017 Q12018 Q22019 Q32020 Q42022 Q12023 Q22024 Q32017 Q1: $5.752017 Q2: $6.252017 Q3: $6.522017 Q4: $6.712018 Q1: $7.752018 Q2: $8.382018 Q3: $8.552018 Q4: $8.672019 Q1: $8.412019 Q2: $8.032019 Q3: $7.422019 Q4: $6.882020 Q1: $5.892020 Q2: $5.242020 Q3: $5.452020 Q4: $6.842021 Q1: $6.962021 Q2: $7.882021 Q3: $9.162021 Q4: $9.362022 Q1: $10.272022 Q2: $11.682022 Q3: $11.372022 Q4: $9.572023 Q1: $9.232023 Q2: $8.332023 Q3: $8.012023 Q4: $8.402024 Q1: $9.132024 Q2: $9.372024 Q3: $10.162024 Q4: $11.28

Forward P/E

9.0115.3921.782017 Q12018 Q22019 Q32020 Q42022 Q12023 Q22024 Q32017 Q1: 16.162017 Q2: 16.812017 Q3: 17.882017 Q4: 17.432018 Q1: 15.292018 Q2: 14.402018 Q3: 13.782018 Q4: 9.892019 Q1: 12.022019 Q2: 11.772019 Q3: 14.102019 Q4: 16.252020 Q1: 15.462020 Q2: 18.932020 Q3: 20.372020 Q4: 19.832021 Q1: 19.372021 Q2: 17.602021 Q3: 15.942021 Q4: 14.082022 Q1: 15.132022 Q2: 12.612022 Q3: 11.612022 Q4: 14.142023 Q1: 13.922023 Q2: 15.772023 Q3: 18.422023 Q4: 19.732024 Q1: 20.202024 Q2: 19.852024 Q3: 20.902024 Q4: 20.32

Divergence watch ⚑

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

  • 2017 Q3 tone ↓ -2.3 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -3.3 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↑ +8.7 fwd EPS ↓ -0.38 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -2.8 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -3.6 fwd EPS ↑ +1.41 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +6.8 fwd EPS ↓ -1.80 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↑ +4.4 fwd EPS ↓ -0.90 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↑ +6.2 fwd EPS ↓ -0.32 Tone rose while the forward EPS estimate was cut.
  • 2023 Q4 tone ↓ -4.3 fwd EPS ↑ +0.39 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↓ -5.1 fwd EPS ↑ +1.12 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-23+2.8——View →
2024 Q42025-01-29+2.0$11.2820.3View →
2024 Q32024-10-23+7.1$10.1620.9View →
2024 Q22024-07-24+8.6$9.3719.9View →
2024 Q12024-04-23+4.2$9.1320.2View →
2023 Q42024-01-25+2.5$8.4019.7View →
2023 Q32023-10-24+6.8$8.0118.4View →
2023 Q22023-07-25+0.7$8.3315.8View →