Subtext

Stryker Corporation SYK

SectorHealth Care
Transcripts71
Date range2007-07-19 – 2025-05-01
Calls charted71

Sentiment timeline

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

-19-9+0+9+192007 Q22009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · Overall: +6.62007 Q3 · Overall: +9.32007 Q4 · Overall: +2.32008 Q1 · Overall: -2.22008 Q3 · Overall: +1.62008 Q4 · Overall: -1.02009 Q1 · Overall: -3.82009 Q2 · Overall: +0.42009 Q3 · Overall: +0.32009 Q4 · Overall: -0.12010 Q1 · Overall: +7.02010 Q2 · Overall: -0.62010 Q3 · Overall: +2.22010 Q4 · Overall: +4.62011 Q1 · Overall: +2.42011 Q2 · Overall: +1.42011 Q3 · Overall: +8.02011 Q4 · Overall: +4.42012 Q1 · Overall: +4.62012 Q2 · Overall: +1.72012 Q3 · Overall: +1.02012 Q4 · Overall: +8.02013 Q1 · Overall: +4.42013 Q2 · Overall: +4.02013 Q3 · Overall: +9.72013 Q4 · Overall: +4.52014 Q1 · Overall: +1.32014 Q2 · Overall: +5.92014 Q3 · Overall: +8.42014 Q4 · Overall: +4.52015 Q1 · Overall: +4.62015 Q2 · Overall: +6.42015 Q3 · Overall: +7.02015 Q4 · Overall: +7.12016 Q1 · Overall: +9.32016 Q2 · Overall: +8.92016 Q3 · Overall: +7.32016 Q4 · Overall: +8.72017 Q1 · Overall: +10.62017 Q2 · Overall: +9.82017 Q3 · Overall: +6.02017 Q4 · Overall: +5.82018 Q1 · Overall: +6.92018 Q2 · Overall: +14.12018 Q3 · Overall: +9.72018 Q4 · Overall: +11.22019 Q1 · Overall: +10.92019 Q2 · Overall: +11.52019 Q3 · Overall: +14.22019 Q4 · Overall: +16.42020 Q1 · Overall: -5.02020 Q2 · Overall: +0.42020 Q3 · Overall: +9.42020 Q4 · Overall: +6.12021 Q1 · Overall: +10.02021 Q2 · Overall: +11.92021 Q3 · Overall: +4.32021 Q4 · Overall: +3.82022 Q1 · Overall: +3.12022 Q2 · Overall: +1.52022 Q3 · Overall: +4.42022 Q4 · Overall: +8.42023 Q1 · Overall: +11.22023 Q2 · Overall: +10.92023 Q3 · Overall: +9.62023 Q4 · Overall: +11.92024 Q1 · Overall: +9.82024 Q2 · Overall: +8.92024 Q3 · Overall: +10.72024 Q4 · Overall: +14.82025 Q1 · Overall: +7.4
Overall

CEO vs CFO

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

-41-21+0+21+412007 Q22009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · CEO: +10.02007 Q3 · CEO: +17.52007 Q4 · CEO: +8.82008 Q1 · CEO: +3.52008 Q3 · CEO: +5.82008 Q4 · CEO: +10.32009 Q1 · CEO: +2.42009 Q2 · CEO: +8.22009 Q3 · CEO: +12.02009 Q4 · CEO: +5.62010 Q1 · CEO: +11.72010 Q2 · CEO: +7.12010 Q3 · CEO: +6.82010 Q4 · CEO: +17.12011 Q1 · CEO: +13.92011 Q2 · CEO: +11.42011 Q3 · CEO: +15.82011 Q4 · CEO: +23.32012 Q1 · CEO: +9.62012 Q2 · CEO: +5.72012 Q3 · CEO: +2.82012 Q4 · CEO: +23.62013 Q1 · CEO: +11.62013 Q2 · CEO: +19.12013 Q3 · CEO: +14.02013 Q4 · CEO: +11.22014 Q1 · CEO: +2.22014 Q2 · CEO: +13.12014 Q3 · CEO: +18.32014 Q4 · CEO: +11.02015 Q1 · CEO: +18.62015 Q2 · CEO: +17.42015 Q4 · CEO: +14.12016 Q1 · CEO: +15.52016 Q3 · CEO: +21.52016 Q4 · CEO: +14.72017 Q1 · CEO: +21.62017 Q2 · CEO: +18.82017 Q3 · CEO: +11.82017 Q4 · CEO: +17.12018 Q1 · CEO: +15.72018 Q2 · CEO: +15.32018 Q3 · CEO: +23.22018 Q4 · CEO: +15.82019 Q2 · CEO: +17.52019 Q3 · CEO: +17.72019 Q4 · CEO: +22.42020 Q1 · CEO: -1.22020 Q2 · CEO: +12.22020 Q3 · CEO: +13.12020 Q4 · CEO: +15.22021 Q1 · CEO: +16.72021 Q2 · CEO: +17.12021 Q3 · CEO: +13.02021 Q4 · CEO: +14.82022 Q1 · CEO: +17.72022 Q2 · CEO: +7.92022 Q3 · CEO: +9.92022 Q4 · CEO: +10.32023 Q1 · CEO: +15.92023 Q2 · CEO: +14.42023 Q3 · CEO: +11.72023 Q4 · CEO: +16.02024 Q2 · CEO: +12.32024 Q3 · CEO: +16.62024 Q4 · CEO: +18.22025 Q1 · CEO: +14.62007 Q2 · CFO: +9.02007 Q3 · CFO: +11.02007 Q4 · CFO: +6.72008 Q1 · CFO: -1.62008 Q3 · CFO: +8.82008 Q4 · CFO: -5.22009 Q1 · CFO: -1.62009 Q2 · CFO: +4.02009 Q3 · CFO: +2.62009 Q4 · CFO: +2.22010 Q1 · CFO: +12.62010 Q2 · CFO: +0.82010 Q3 · CFO: +12.12010 Q4 · CFO: +11.82011 Q1 · CFO: +3.12011 Q2 · CFO: +3.42011 Q3 · CFO: +12.52011 Q4 · CFO: +5.92012 Q3 · CFO: +0.02012 Q4 · CFO: +1.52013 Q1 · CFO: +35.72013 Q2 · CFO: -2.22013 Q3 · CFO: +4.92013 Q4 · CFO: +5.92014 Q1 · CFO: +2.92014 Q2 · CFO: +1.82014 Q3 · CFO: +10.22014 Q4 · CFO: +1.72015 Q1 · CFO: -6.22015 Q2 · CFO: +7.52015 Q4 · CFO: +6.02016 Q1 · CFO: +11.82016 Q3 · CFO: +11.52016 Q4 · CFO: +14.02017 Q1 · CFO: +15.72017 Q2 · CFO: +13.82017 Q3 · CFO: +4.42017 Q4 · CFO: +7.02018 Q1 · CFO: +18.52018 Q2 · CFO: +21.32018 Q3 · CFO: +13.32018 Q4 · CFO: +12.12019 Q1 · CFO: +15.32019 Q2 · CFO: +18.42019 Q3 · CFO: +25.22019 Q4 · CFO: +21.82020 Q1 · CFO: -14.12020 Q2 · CFO: -17.22020 Q3 · CFO: +7.52020 Q4 · CFO: +0.92021 Q1 · CFO: +13.92021 Q2 · CFO: +19.32021 Q3 · CFO: +7.12021 Q4 · CFO: +0.82022 Q1 · CFO: -2.82022 Q2 · CFO: -2.82022 Q3 · CFO: +2.52022 Q4 · CFO: +11.52023 Q1 · CFO: +17.52023 Q2 · CFO: +14.22023 Q3 · CFO: +16.22023 Q4 · CFO: +16.52024 Q1 · CFO: +3.02024 Q2 · CFO: +13.82024 Q3 · CFO: +14.92024 Q4 · CFO: +18.62025 Q1 · CFO: +9.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-35-17+0+17+352007 Q22009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · Prepared remarks: +10.42007 Q3 · Prepared remarks: +19.52007 Q4 · Prepared remarks: +15.92008 Q1 · Prepared remarks: +2.72008 Q3 · Prepared remarks: +7.02008 Q4 · Prepared remarks: +4.32009 Q1 · Prepared remarks: -0.92009 Q2 · Prepared remarks: +8.82009 Q3 · Prepared remarks: +8.72009 Q4 · Prepared remarks: +6.62010 Q1 · Prepared remarks: +16.42010 Q2 · Prepared remarks: +7.62010 Q3 · Prepared remarks: +16.72010 Q4 · Prepared remarks: +13.82011 Q1 · Prepared remarks: +12.02011 Q2 · Prepared remarks: +12.82011 Q3 · Prepared remarks: +20.42011 Q4 · Prepared remarks: +13.32012 Q1 · Prepared remarks: +10.42012 Q2 · Prepared remarks: +6.82012 Q3 · Prepared remarks: +4.92012 Q4 · Prepared remarks: +5.72013 Q1 · Prepared remarks: +3.32013 Q2 · Prepared remarks: +8.02013 Q3 · Prepared remarks: +21.52013 Q4 · Prepared remarks: +6.42014 Q1 · Prepared remarks: +5.42014 Q2 · Prepared remarks: +11.32014 Q3 · Prepared remarks: +12.12014 Q4 · Prepared remarks: +7.12015 Q1 · Prepared remarks: +3.42015 Q2 · Prepared remarks: +7.22015 Q3 · Prepared remarks: +6.82015 Q4 · Prepared remarks: +14.72016 Q1 · Prepared remarks: +17.62016 Q2 · Prepared remarks: +25.62016 Q3 · Prepared remarks: +24.32016 Q4 · Prepared remarks: +21.12017 Q1 · Prepared remarks: +22.62017 Q2 · Prepared remarks: +17.22017 Q3 · Prepared remarks: +6.02017 Q4 · Prepared remarks: +16.02018 Q1 · Prepared remarks: +21.92018 Q2 · Prepared remarks: +20.42018 Q3 · Prepared remarks: +19.82018 Q4 · Prepared remarks: +19.12019 Q1 · Prepared remarks: +20.32019 Q2 · Prepared remarks: +27.82019 Q3 · Prepared remarks: +30.12019 Q4 · Prepared remarks: +27.92020 Q1 · Prepared remarks: -10.52020 Q2 · Prepared remarks: -10.12020 Q3 · Prepared remarks: +19.82020 Q4 · Prepared remarks: +5.62021 Q1 · Prepared remarks: +15.82021 Q2 · Prepared remarks: +24.72021 Q3 · Prepared remarks: +8.12021 Q4 · Prepared remarks: +5.32022 Q1 · Prepared remarks: +5.12022 Q2 · Prepared remarks: +0.92022 Q3 · Prepared remarks: +1.42022 Q4 · Prepared remarks: +13.42023 Q1 · Prepared remarks: +19.22023 Q2 · Prepared remarks: +18.32023 Q3 · Prepared remarks: +18.52023 Q4 · Prepared remarks: +28.32024 Q1 · Prepared remarks: +0.02024 Q2 · Prepared remarks: +19.72024 Q3 · Prepared remarks: +18.72024 Q4 · Prepared remarks: +27.62025 Q1 · Prepared remarks: +21.02007 Q2 · Q&A responses: +7.22007 Q3 · Q&A responses: +10.42007 Q4 · Q&A responses: +3.72008 Q1 · Q&A responses: -1.22008 Q3 · Q&A responses: +2.92008 Q4 · Q&A responses: +0.82009 Q1 · Q&A responses: -1.22009 Q2 · Q&A responses: +4.62009 Q3 · Q&A responses: +4.12009 Q4 · Q&A responses: +0.52010 Q1 · Q&A responses: +6.62010 Q2 · Q&A responses: -0.72010 Q3 · Q&A responses: +3.52010 Q4 · Q&A responses: +6.32011 Q1 · Q&A responses: +3.42011 Q2 · Q&A responses: +2.42011 Q3 · Q&A responses: +6.22011 Q4 · Q&A responses: +5.22012 Q1 · Q&A responses: +7.32012 Q2 · Q&A responses: +3.42012 Q3 · Q&A responses: +2.62012 Q4 · Q&A responses: +11.52013 Q1 · Q&A responses: +8.32013 Q2 · Q&A responses: +6.12013 Q3 · Q&A responses: +9.62013 Q4 · Q&A responses: +6.52014 Q1 · Q&A responses: +0.02014 Q2 · Q&A responses: +10.02014 Q3 · Q&A responses: +13.32014 Q4 · Q&A responses: +9.42015 Q1 · Q&A responses: +11.42015 Q2 · Q&A responses: +12.92015 Q3 · Q&A responses: +10.22015 Q4 · Q&A responses: +9.42016 Q1 · Q&A responses: +8.02016 Q2 · Q&A responses: +10.02016 Q3 · Q&A responses: +9.52016 Q4 · Q&A responses: +9.12017 Q1 · Q&A responses: +13.82017 Q2 · Q&A responses: +8.82017 Q3 · Q&A responses: +12.22017 Q4 · Q&A responses: +7.72018 Q1 · Q&A responses: +7.62018 Q2 · Q&A responses: +13.92018 Q3 · Q&A responses: +8.82018 Q4 · Q&A responses: +10.02019 Q1 · Q&A responses: +8.62019 Q2 · Q&A responses: +8.42019 Q3 · Q&A responses: +7.22019 Q4 · Q&A responses: +12.92020 Q1 · Q&A responses: -2.52020 Q2 · Q&A responses: +10.22020 Q3 · Q&A responses: +11.52020 Q4 · Q&A responses: +11.62021 Q1 · Q&A responses: +15.82021 Q2 · Q&A responses: +14.52021 Q3 · Q&A responses: +8.82021 Q4 · Q&A responses: +7.12022 Q1 · Q&A responses: +4.92022 Q2 · Q&A responses: +5.92022 Q3 · Q&A responses: +9.12022 Q4 · Q&A responses: +10.42023 Q1 · Q&A responses: +15.42023 Q2 · Q&A responses: +13.02023 Q3 · Q&A responses: +12.32023 Q4 · Q&A responses: +12.92024 Q1 · Q&A responses: +17.62024 Q2 · Q&A responses: +11.62024 Q3 · Q&A responses: +15.02024 Q4 · Q&A responses: +16.82025 Q1 · Q&A responses: +9.9
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

$4.27$9.23$14.192007 Q22009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $4.952014 Q2: $5.052014 Q3: $5.162014 Q4: $5.202015 Q1: $5.122015 Q2: $5.272015 Q3: $5.492015 Q4: $5.602016 Q1: $5.732016 Q2: $6.072016 Q3: $6.242016 Q4: $6.402017 Q1: $6.572017 Q2: $6.742017 Q3: $6.942017 Q4: $7.122018 Q1: $7.292018 Q2: $7.572018 Q3: $7.782018 Q4: $8.002019 Q1: $8.332019 Q2: $8.542019 Q3: $8.812019 Q4: $9.032020 Q1: $9.292020 Q2: $7.572020 Q3: $8.242020 Q4: $9.102021 Q1: $9.372021 Q2: $9.772021 Q3: $10.192021 Q4: $10.172022 Q1: $10.082022 Q2: $10.222022 Q3: $10.072022 Q4: $9.882023 Q1: $10.302023 Q2: $10.692023 Q3: $11.182023 Q4: $11.552024 Q1: $12.202024 Q2: $12.682024 Q3: $13.122024 Q4: $13.51

Forward P/E

13.8322.1130.392007 Q22009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 16.412014 Q2: 16.722014 Q3: 16.272014 Q4: 17.852015 Q1: 18.172015 Q2: 18.052015 Q3: 18.342015 Q4: 16.772016 Q1: 18.352016 Q2: 18.842016 Q3: 17.792016 Q4: 18.242017 Q1: 20.232017 Q2: 21.052017 Q3: 20.612017 Q4: 21.532018 Q1: 22.822018 Q2: 22.012018 Q3: 22.322018 Q4: 19.752019 Q1: 23.032019 Q2: 23.462019 Q3: 25.032019 Q4: 23.092020 Q1: 14.972020 Q2: 25.042020 Q3: 26.202020 Q4: 25.842021 Q1: 25.222021 Q2: 26.262021 Q3: 27.212021 Q4: 24.802022 Q1: 26.012022 Q2: 19.822022 Q3: 22.462022 Q4: 25.692023 Q1: 26.492023 Q2: 27.472023 Q3: 26.592023 Q4: 25.852024 Q1: 29.252024 Q2: 27.502024 Q3: 27.552024 Q4: 26.59

Divergence watch ⚑

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

  • 2017 Q3 tone ↓ -3.8 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -4.3 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -21.4 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +5.3 fwd EPS ↓ -1.72 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↓ -3.3 fwd EPS ↑ +0.86 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -7.6 fwd EPS ↑ +0.42 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +2.8 fwd EPS ↓ -0.15 Tone rose while the forward EPS estimate was cut.
  • 2022 Q4 tone ↑ +4.0 fwd EPS ↓ -0.19 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -2.1 fwd EPS ↑ +0.65 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+7.4——View →
2024 Q42025-01-28+14.8$13.5126.6View →
2024 Q32024-10-29+10.7$13.1227.6View →
2024 Q22024-07-30+8.9$12.6827.5View →
2024 Q12024-04-30+9.8$12.2029.2View →
2023 Q42024-01-30+11.9$11.5525.9View →
2023 Q32023-11-02+9.6$11.1826.6View →
2023 Q22023-08-03+10.9$10.6927.5View →