Subtext

RTX Corporation RTX

SectorIndustrials
Transcripts68
Date range2008-01-31 – 2025-04-22
Calls charted68

Sentiment timeline

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

-20-10+0+10+202007 Q42010 Q32012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12007 Q4 · Overall: +7.42008 Q1 · Overall: +8.92008 Q2 · Overall: +5.72008 Q3 · Overall: +5.22009 Q1 · Overall: +5.72009 Q2 · Overall: +10.32009 Q4 · Overall: +6.82010 Q1 · Overall: +9.02010 Q2 · Overall: +6.32010 Q3 · Overall: +4.22010 Q4 · Overall: +7.82011 Q1 · Overall: +2.42011 Q2 · Overall: +4.82011 Q3 · Overall: +1.32011 Q4 · Overall: +12.82012 Q1 · Overall: +8.62012 Q2 · Overall: +5.42012 Q3 · Overall: +6.92012 Q4 · Overall: +11.02013 Q1 · Overall: +7.52013 Q2 · Overall: +7.42013 Q3 · Overall: +4.62013 Q4 · Overall: +8.32014 Q1 · Overall: +9.72014 Q2 · Overall: +13.32014 Q3 · Overall: +7.92014 Q4 · Overall: +9.82015 Q1 · Overall: +9.12015 Q2 · Overall: +3.92015 Q3 · Overall: +4.62015 Q4 · Overall: +8.82016 Q1 · Overall: +11.72016 Q2 · Overall: +12.22016 Q3 · Overall: +7.62016 Q4 · Overall: +5.32017 Q1 · Overall: +7.62017 Q2 · Overall: +11.72017 Q3 · Overall: +10.62017 Q4 · Overall: +5.92018 Q1 · Overall: +13.32018 Q2 · Overall: +12.02018 Q3 · Overall: +14.82018 Q4 · Overall: +10.02019 Q1 · Overall: +9.72019 Q2 · Overall: +11.72019 Q3 · Overall: +17.32019 Q4 · Overall: +12.12020 Q1 · Overall: -1.32020 Q2 · Overall: +4.32020 Q3 · Overall: +6.02020 Q4 · Overall: +6.22021 Q1 · Overall: +8.02021 Q2 · Overall: +7.82021 Q3 · Overall: +4.02021 Q4 · Overall: +7.02022 Q1 · Overall: +4.82022 Q2 · Overall: +1.12022 Q3 · Overall: +4.72022 Q4 · Overall: +10.12023 Q1 · Overall: +9.82023 Q2 · Overall: +4.82023 Q3 · Overall: +6.12023 Q4 · Overall: +9.72024 Q1 · Overall: +14.12024 Q2 · Overall: +11.02024 Q3 · Overall: +9.32024 Q4 · Overall: +10.62025 Q1 · Overall: +9.0
Overall

CEO vs CFO

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

-44-22+0+22+442007 Q42010 Q32012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12007 Q4 · CEO: +9.22008 Q2 · CEO: +4.72008 Q3 · CEO: +16.12009 Q1 · CEO: +6.02009 Q2 · CEO: +14.92009 Q4 · CEO: +7.72010 Q1 · CEO: +10.52010 Q2 · CEO: +10.42010 Q3 · CEO: +5.52010 Q4 · CEO: +7.82011 Q1 · CEO: +3.12011 Q2 · CEO: +6.62011 Q3 · CEO: +1.12011 Q4 · CEO: +16.82012 Q1 · CEO: +9.52012 Q2 · CEO: +5.82012 Q3 · CEO: +14.32012 Q4 · CEO: +16.92013 Q1 · CEO: +9.82013 Q2 · CEO: +7.42013 Q3 · CEO: +6.52013 Q4 · CEO: +11.02014 Q1 · CEO: +19.72014 Q2 · CEO: +22.82014 Q3 · CEO: +12.82014 Q4 · CEO: +19.32015 Q1 · CEO: +10.52015 Q2 · CEO: +8.32015 Q3 · CEO: +3.32015 Q4 · CEO: +15.82016 Q1 · CEO: +11.82016 Q2 · CEO: +17.02016 Q3 · CEO: +6.72016 Q4 · CEO: +9.02017 Q1 · CEO: +8.52017 Q2 · CEO: +13.72017 Q3 · CEO: +13.12017 Q4 · CEO: +4.62018 Q1 · CEO: +18.72018 Q2 · CEO: +11.82018 Q3 · CEO: +21.72018 Q4 · CEO: +15.02019 Q1 · CEO: +14.42019 Q2 · CEO: +13.62019 Q3 · CEO: +24.22019 Q4 · CEO: +9.22020 Q1 · CEO: +0.02020 Q2 · CEO: +1.62020 Q3 · CEO: +7.52020 Q4 · CEO: +2.32021 Q1 · CEO: +8.82021 Q2 · CEO: +6.32021 Q3 · CEO: +3.02021 Q4 · CEO: +11.32022 Q1 · CEO: +3.52022 Q2 · CEO: +0.52022 Q3 · CEO: +5.02022 Q4 · CEO: +11.52023 Q1 · CEO: +12.82023 Q2 · CEO: +4.92023 Q3 · CEO: +11.52023 Q4 · CEO: +12.92024 Q1 · CEO: +38.52024 Q2 · CEO: +18.82024 Q3 · CEO: +11.52024 Q4 · CEO: +19.22025 Q1 · CEO: +18.72007 Q4 · CFO: -12.82008 Q1 · CFO: +0.02008 Q2 · CFO: -15.52008 Q3 · CFO: +0.02009 Q1 · CFO: +8.42009 Q2 · CFO: +12.02009 Q4 · CFO: +13.22010 Q1 · CFO: +12.92010 Q2 · CFO: +10.52010 Q3 · CFO: +13.52010 Q4 · CFO: +14.92011 Q1 · CFO: +11.12011 Q2 · CFO: +10.32011 Q3 · CFO: +10.72011 Q4 · CFO: +15.92012 Q1 · CFO: +15.32012 Q2 · CFO: +12.82012 Q3 · CFO: +7.72012 Q4 · CFO: +15.92013 Q1 · CFO: +11.42013 Q2 · CFO: +14.62013 Q3 · CFO: +9.32013 Q4 · CFO: +12.22014 Q1 · CFO: +11.82014 Q2 · CFO: +12.92014 Q3 · CFO: +9.72014 Q4 · CFO: +10.32015 Q1 · CFO: +6.52015 Q2 · CFO: +3.92015 Q4 · CFO: +6.52016 Q2 · CFO: +14.52016 Q3 · CFO: +11.22016 Q4 · CFO: +6.62017 Q1 · CFO: +12.52017 Q2 · CFO: +12.12017 Q3 · CFO: +11.42017 Q4 · CFO: +13.02018 Q1 · CFO: +14.02018 Q2 · CFO: +14.42018 Q3 · CFO: +14.62018 Q4 · CFO: +11.52019 Q1 · CFO: +13.12019 Q2 · CFO: +17.92019 Q3 · CFO: +17.82019 Q4 · CFO: +17.92020 Q1 · CFO: +3.22020 Q2 · CFO: +12.12020 Q3 · CFO: +9.72020 Q4 · CFO: +11.32021 Q1 · CFO: +10.22021 Q2 · CFO: +13.72021 Q3 · CFO: +11.42021 Q4 · CFO: +10.22022 Q1 · CFO: +10.22022 Q2 · CFO: +9.82022 Q3 · CFO: +8.12022 Q4 · CFO: +7.42023 Q1 · CFO: +10.42023 Q2 · CFO: +6.92023 Q3 · CFO: +3.82023 Q4 · CFO: +10.12024 Q1 · CFO: +20.12024 Q2 · CFO: +3.42024 Q4 · CFO: +10.52025 Q1 · CFO: +8.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-28-14+0+14+282007 Q42010 Q32012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12007 Q4 · Prepared remarks: +14.32008 Q1 · Prepared remarks: +10.12008 Q2 · Prepared remarks: +17.52008 Q3 · Prepared remarks: +8.42009 Q1 · Prepared remarks: +11.02009 Q2 · Prepared remarks: +13.12009 Q4 · Prepared remarks: +16.82010 Q1 · Prepared remarks: +16.92010 Q2 · Prepared remarks: +15.12010 Q3 · Prepared remarks: +15.72010 Q4 · Prepared remarks: +18.02011 Q1 · Prepared remarks: +14.32011 Q2 · Prepared remarks: +12.52011 Q3 · Prepared remarks: +11.72011 Q4 · Prepared remarks: +19.62012 Q1 · Prepared remarks: +17.12012 Q2 · Prepared remarks: +9.72012 Q3 · Prepared remarks: +14.42012 Q4 · Prepared remarks: +22.72013 Q1 · Prepared remarks: +12.52013 Q2 · Prepared remarks: +15.82013 Q3 · Prepared remarks: +8.82013 Q4 · Prepared remarks: +16.32014 Q1 · Prepared remarks: +20.02014 Q2 · Prepared remarks: +18.92014 Q3 · Prepared remarks: +10.22014 Q4 · Prepared remarks: +18.32015 Q1 · Prepared remarks: +9.12015 Q2 · Prepared remarks: +7.12015 Q3 · Prepared remarks: +6.92015 Q4 · Prepared remarks: +7.72016 Q1 · Prepared remarks: +15.42016 Q2 · Prepared remarks: +18.02016 Q3 · Prepared remarks: +12.42016 Q4 · Prepared remarks: +9.12017 Q1 · Prepared remarks: +13.12017 Q2 · Prepared remarks: +17.52017 Q3 · Prepared remarks: +12.82017 Q4 · Prepared remarks: +12.92018 Q1 · Prepared remarks: +18.92018 Q2 · Prepared remarks: +15.52018 Q3 · Prepared remarks: +20.32018 Q4 · Prepared remarks: +15.52019 Q1 · Prepared remarks: +13.92019 Q2 · Prepared remarks: +18.22019 Q3 · Prepared remarks: +24.52019 Q4 · Prepared remarks: +18.42020 Q1 · Prepared remarks: +5.22020 Q2 · Prepared remarks: +1.22020 Q3 · Prepared remarks: +7.22020 Q4 · Prepared remarks: +12.22021 Q1 · Prepared remarks: +10.32021 Q2 · Prepared remarks: +21.12021 Q3 · Prepared remarks: +13.02021 Q4 · Prepared remarks: +8.62022 Q1 · Prepared remarks: +7.52022 Q2 · Prepared remarks: +5.02022 Q3 · Prepared remarks: +8.62022 Q4 · Prepared remarks: +15.72023 Q1 · Prepared remarks: +21.42023 Q2 · Prepared remarks: +13.72023 Q3 · Prepared remarks: +10.02023 Q4 · Prepared remarks: +11.52024 Q1 · Prepared remarks: +20.52024 Q2 · Prepared remarks: +11.22024 Q3 · Prepared remarks: +11.72024 Q4 · Prepared remarks: +13.92025 Q1 · Prepared remarks: +12.52007 Q4 · Q&A responses: +5.82008 Q1 · Q&A responses: +10.42008 Q2 · Q&A responses: +2.02008 Q3 · Q&A responses: +8.72009 Q1 · Q&A responses: +4.02009 Q2 · Q&A responses: +12.52009 Q4 · Q&A responses: +4.92010 Q1 · Q&A responses: +8.22010 Q2 · Q&A responses: +8.12010 Q3 · Q&A responses: +4.32010 Q4 · Q&A responses: +5.42011 Q1 · Q&A responses: +0.42011 Q2 · Q&A responses: +4.72011 Q3 · Q&A responses: +1.22011 Q4 · Q&A responses: +12.02012 Q1 · Q&A responses: +7.82012 Q2 · Q&A responses: +7.92012 Q3 · Q&A responses: +6.72012 Q4 · Q&A responses: +8.82013 Q1 · Q&A responses: +7.12013 Q2 · Q&A responses: +7.02013 Q3 · Q&A responses: +4.92013 Q4 · Q&A responses: +6.02014 Q1 · Q&A responses: +7.02014 Q2 · Q&A responses: +14.12014 Q3 · Q&A responses: +10.22014 Q4 · Q&A responses: +5.82015 Q1 · Q&A responses: +8.12015 Q2 · Q&A responses: +5.02015 Q3 · Q&A responses: +3.92015 Q4 · Q&A responses: +13.12016 Q1 · Q&A responses: +11.02016 Q2 · Q&A responses: +13.82016 Q3 · Q&A responses: +5.52016 Q4 · Q&A responses: +3.32017 Q1 · Q&A responses: +7.22017 Q2 · Q&A responses: +9.12017 Q3 · Q&A responses: +10.42017 Q4 · Q&A responses: +3.22018 Q1 · Q&A responses: +13.02018 Q2 · Q&A responses: +9.42018 Q3 · Q&A responses: +15.12018 Q4 · Q&A responses: +9.82019 Q1 · Q&A responses: +12.22019 Q2 · Q&A responses: +10.62019 Q3 · Q&A responses: +12.22019 Q4 · Q&A responses: +8.32020 Q1 · Q&A responses: -6.22020 Q2 · Q&A responses: +7.42020 Q3 · Q&A responses: +7.82020 Q4 · Q&A responses: +0.72021 Q1 · Q&A responses: +9.02021 Q2 · Q&A responses: +6.22021 Q3 · Q&A responses: +1.62021 Q4 · Q&A responses: +8.92022 Q1 · Q&A responses: +3.22022 Q2 · Q&A responses: +0.22022 Q3 · Q&A responses: +4.32022 Q4 · Q&A responses: +9.82023 Q1 · Q&A responses: +6.22023 Q2 · Q&A responses: +2.62023 Q3 · Q&A responses: +4.52023 Q4 · Q&A responses: +9.82024 Q1 · Q&A responses: +13.62024 Q2 · Q&A responses: +14.22024 Q3 · Q&A responses: +12.42024 Q4 · Q&A responses: +13.62025 Q1 · Q&A responses: +14.5
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

$3.10$6.13$9.162007 Q42010 Q32012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12014 Q1: $7.012014 Q2: $7.222014 Q3: $7.342014 Q4: $7.192015 Q1: $7.172015 Q2: $7.332015 Q3: $6.642015 Q4: $6.562016 Q1: $6.612016 Q2: $6.772016 Q3: $6.802016 Q4: $6.572017 Q1: $6.672017 Q2: $6.822017 Q3: $6.832017 Q4: $6.842018 Q1: $7.252018 Q2: $7.472018 Q3: $7.702018 Q4: $7.772019 Q1: $8.102019 Q2: $8.362019 Q3: $8.612019 Q4: $8.742020 Q1: $8.272020 Q2: $3.562020 Q3: $3.602020 Q4: $3.522021 Q1: $4.102021 Q2: $4.412021 Q3: $4.802021 Q4: $5.002022 Q1: $5.042022 Q2: $5.292022 Q3: $5.352022 Q4: $5.092023 Q1: $5.212023 Q2: $5.392023 Q3: $5.432023 Q4: $5.412024 Q1: $5.572024 Q2: $5.722024 Q3: $5.962024 Q4: $6.11

Forward P/E

8.7614.8420.912007 Q42010 Q32012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12014 Q1: 16.262014 Q2: 16.232014 Q3: 14.722014 Q4: 15.842015 Q1: 16.782015 Q2: 15.702015 Q3: 14.152015 Q4: 14.502016 Q1: 14.752016 Q2: 14.852016 Q3: 14.942016 Q4: 16.632017 Q1: 16.952017 Q2: 17.602017 Q3: 16.162017 Q4: 18.172018 Q1: 17.882018 Q2: 16.992018 Q3: 18.262018 Q4: 14.652019 Q1: 15.632019 Q2: 15.172019 Q3: 15.992019 Q4: 16.902020 Q1: 9.602020 Q2: 18.792020 Q3: 17.452020 Q4: 20.052021 Q1: 19.422021 Q2: 20.072021 Q3: 17.692021 Q4: 16.692022 Q1: 19.012022 Q2: 17.462022 Q3: 16.152022 Q4: 19.642023 Q1: 18.382023 Q2: 17.952023 Q3: 13.922023 Q4: 15.382024 Q1: 16.272024 Q2: 18.302024 Q3: 19.792024 Q4: 18.73

Divergence watch ⚑

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

  • 2014 Q3 tone ↓ -5.4 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -5.2 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↑ +4.2 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2019 Q4 tone ↓ -5.2 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +5.6 fwd EPS ↓ -4.71 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -3.8 fwd EPS ↑ +0.39 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -3.7 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +5.4 fwd EPS ↓ -0.26 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -5.0 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↓ -3.2 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-22+9.0——View →
2024 Q42025-01-28+10.6$6.1118.7View →
2024 Q32024-10-22+9.3$5.9619.8View →
2024 Q22024-07-25+11.0$5.7218.3View →
2024 Q12024-04-23+14.1$5.5716.3View →
2023 Q42024-01-23+9.7$5.4115.4View →
2023 Q32023-10-24+6.1$5.4313.9View →
2023 Q22023-07-25+4.8$5.3917.9View →