Subtext

STERIS plc STE

SectorHealth Care
Transcripts28
Date range2018-08-08 – 2025-05-15
Calls charted28

Sentiment timeline

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

-11-6+0+6+112019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1 · Overall: +3.22019 Q2 · Overall: +8.82019 Q3 · Overall: +1.22019 Q4 · Overall: +6.52020 Q1 · Overall: +5.02020 Q2 · Overall: +4.92020 Q3 · Overall: +4.12020 Q4 · Overall: -0.12021 Q1 · Overall: +3.12021 Q2 · Overall: +3.42021 Q3 · Overall: +9.02021 Q4 · Overall: +9.92022 Q1 · Overall: +6.82022 Q2 · Overall: +8.62022 Q3 · Overall: +3.92022 Q4 · Overall: +1.52023 Q1 · Overall: -2.92023 Q2 · Overall: +1.22023 Q3 · Overall: -3.42023 Q4 · Overall: +7.82024 Q1 · Overall: +3.82024 Q2 · Overall: +1.12024 Q3 · Overall: -0.42024 Q4 · Overall: +1.52025 Q1 · Overall: +0.62025 Q2 · Overall: +0.32025 Q3 · Overall: +0.22025 Q4 · Overall: +6.1
Overall

CEO vs CFO

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

-33-17+0+17+332019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q3 · CEO: +6.02019 Q4 · CEO: +6.72020 Q1 · CEO: +3.52020 Q2 · CEO: +7.42020 Q3 · CEO: +6.72020 Q4 · CEO: +0.02021 Q1 · CEO: +2.62021 Q2 · CEO: +5.52021 Q3 · CEO: +17.62021 Q4 · CEO: +28.82022 Q1 · CEO: +20.92022 Q2 · CEO: +14.12022 Q3 · CEO: +2.72022 Q4 · CEO: +2.92023 Q1 · CEO: -1.22023 Q2 · CEO: +7.32023 Q3 · CEO: +3.72023 Q4 · CEO: +14.92024 Q1 · CEO: +10.72024 Q2 · CEO: +7.72024 Q3 · CEO: +0.02024 Q4 · CEO: +8.42025 Q1 · CEO: +1.62025 Q2 · CEO: +8.72025 Q3 · CEO: +0.52025 Q4 · CEO: +17.02019 Q1 · CFO: +7.02019 Q2 · CFO: +25.82019 Q3 · CFO: +1.12019 Q4 · CFO: +11.32020 Q1 · CFO: +12.52020 Q2 · CFO: +15.52020 Q3 · CFO: +4.82020 Q4 · CFO: +23.72021 Q1 · CFO: +6.12021 Q2 · CFO: +13.82021 Q3 · CFO: +15.62021 Q4 · CFO: +8.62022 Q1 · CFO: -2.12022 Q2 · CFO: +2.52022 Q3 · CFO: +8.02022 Q4 · CFO: +8.32023 Q1 · CFO: +5.82023 Q2 · CFO: +1.92023 Q3 · CFO: -0.82023 Q4 · CFO: +6.02024 Q1 · CFO: +9.02024 Q2 · CFO: +2.22024 Q3 · CFO: +2.52024 Q4 · CFO: +14.12025 Q1 · CFO: +17.02025 Q2 · CFO: +1.72025 Q3 · CFO: +16.82025 Q4 · CFO: +1.7
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-28-14+0+14+282019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1 · Prepared remarks: +7.42019 Q2 · Prepared remarks: +17.32019 Q3 · Prepared remarks: +14.22019 Q4 · Prepared remarks: +19.22020 Q1 · Prepared remarks: +18.22020 Q2 · Prepared remarks: +10.72020 Q3 · Prepared remarks: +11.42020 Q4 · Prepared remarks: +4.62021 Q1 · Prepared remarks: +11.12021 Q2 · Prepared remarks: +6.72021 Q3 · Prepared remarks: +22.32021 Q4 · Prepared remarks: +24.62022 Q1 · Prepared remarks: +15.72022 Q2 · Prepared remarks: +14.32022 Q3 · Prepared remarks: +10.62022 Q4 · Prepared remarks: +7.92023 Q1 · Prepared remarks: +2.82023 Q2 · Prepared remarks: +5.72023 Q3 · Prepared remarks: +6.62023 Q4 · Prepared remarks: +15.42024 Q1 · Prepared remarks: +20.52024 Q2 · Prepared remarks: +11.12024 Q3 · Prepared remarks: +1.72024 Q4 · Prepared remarks: +11.82025 Q1 · Prepared remarks: +14.12025 Q2 · Prepared remarks: +12.82025 Q3 · Prepared remarks: -4.32025 Q4 · Prepared remarks: +12.02019 Q1 · Q&A responses: +1.02019 Q2 · Q&A responses: +3.52019 Q3 · Q&A responses: +0.32019 Q4 · Q&A responses: +3.42020 Q1 · Q&A responses: +0.72020 Q2 · Q&A responses: +6.92020 Q3 · Q&A responses: +4.22020 Q4 · Q&A responses: -0.72021 Q1 · Q&A responses: -0.32021 Q2 · Q&A responses: +4.72021 Q3 · Q&A responses: +6.12021 Q4 · Q&A responses: +6.82022 Q1 · Q&A responses: +4.02022 Q2 · Q&A responses: +6.82022 Q3 · Q&A responses: -0.62022 Q4 · Q&A responses: +2.12023 Q1 · Q&A responses: +0.02023 Q2 · Q&A responses: +4.82023 Q3 · Q&A responses: -0.82023 Q4 · Q&A responses: +6.22024 Q1 · Q&A responses: +3.72024 Q2 · Q&A responses: +1.02024 Q3 · Q&A responses: +0.02024 Q4 · Q&A responses: +3.02025 Q1 · Q&A responses: -1.22025 Q2 · Q&A responses: +0.72025 Q3 · Q&A responses: +10.92025 Q4 · Q&A responses: +10.6
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

$4.94$7.51$10.072019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1: $5.292019 Q2: $5.532019 Q3: $5.752019 Q4: $6.002020 Q1: $6.192020 Q2: $5.522020 Q3: $6.072020 Q4: $6.672021 Q1: $6.982021 Q2: $7.642021 Q3: $8.202021 Q4: $8.052022 Q1: $8.102022 Q2: $8.872022 Q3: $8.822022 Q4: $9.012023 Q1: $8.782023 Q2: $8.882023 Q3: $9.182023 Q4: $9.302024 Q1: $9.532024 Q2: $9.412024 Q3: $9.622024 Q4: $9.72

Forward P/E

19.1524.1429.132019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1: 23.222019 Q2: 26.252019 Q3: 25.122019 Q4: 24.882020 Q1: 19.842020 Q2: 28.082020 Q3: 28.062020 Q4: 27.242021 Q1: 26.792021 Q2: 26.012021 Q3: 26.232021 Q4: 28.442022 Q1: 28.032022 Q2: 22.822022 Q3: 23.092022 Q4: 21.512023 Q1: 20.092023 Q2: 24.012023 Q3: 25.102023 Q4: 22.232024 Q1: 24.532024 Q2: 23.002024 Q3: 24.792024 Q4: 21.29

Divergence watch ⚑

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

  • 2019 Q3 tone ↓ -7.7 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -4.2 fwd EPS ↑ +0.61 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↓ -2.4 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -4.6 fwd EPS ↑ +0.30 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -4.0 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q42025-05-15+6.1——View →
2025 Q32025-02-06+0.2——View →
2025 Q22024-11-07+0.3——View →
2025 Q12024-08-07+0.6——View →
2024 Q42024-05-09+1.5$9.7221.3View →
2024 Q32024-02-08-0.4$9.6224.8View →
2024 Q22023-11-08+1.1$9.4123.0View →
2024 Q12023-08-02+3.8$9.5324.5View →