Subtext

AT&T Inc. T

SectorCommunication Services
Transcripts66
Date range2006-01-30 – 2025-04-23
Calls charted66

Sentiment timeline

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

-24-12+0+12+242005 Q42011 Q12013 Q22015 Q32017 Q42020 Q12022 Q22024 Q32005 Q4 · Overall: +10.52009 Q1 · Overall: +8.42009 Q2 · Overall: +15.72009 Q3 · Overall: +17.12009 Q4 · Overall: +19.52010 Q1 · Overall: +16.52010 Q2 · Overall: +16.82010 Q3 · Overall: +18.22010 Q4 · Overall: +14.62011 Q1 · Overall: +14.12011 Q2 · Overall: +17.32011 Q3 · Overall: +20.72011 Q4 · Overall: +10.12012 Q1 · Overall: +17.12012 Q2 · Overall: +15.42012 Q3 · Overall: +16.42012 Q4 · Overall: +10.62013 Q1 · Overall: +11.12013 Q2 · Overall: +14.72013 Q3 · Overall: +14.92013 Q4 · Overall: +13.12014 Q1 · Overall: +16.22014 Q2 · Overall: +17.02014 Q3 · Overall: +11.32014 Q4 · Overall: +10.52015 Q1 · Overall: +13.32015 Q2 · Overall: +18.92015 Q3 · Overall: +16.02015 Q4 · Overall: +13.22016 Q1 · Overall: +19.92016 Q2 · Overall: +16.42016 Q3 · Overall: +16.42016 Q4 · Overall: +13.82017 Q1 · Overall: +6.82017 Q2 · Overall: +11.82017 Q3 · Overall: +13.32017 Q4 · Overall: +16.12018 Q1 · Overall: +14.52018 Q2 · Overall: +14.22018 Q3 · Overall: +12.32018 Q4 · Overall: +11.32019 Q1 · Overall: +11.12019 Q2 · Overall: +11.02019 Q3 · Overall: +13.32019 Q4 · Overall: +14.62020 Q1 · Overall: +0.22020 Q2 · Overall: +6.92020 Q3 · Overall: +11.82020 Q4 · Overall: +8.62021 Q1 · Overall: +10.92021 Q2 · Overall: +10.72021 Q3 · Overall: +9.22021 Q4 · Overall: +9.52022 Q1 · Overall: +11.02022 Q2 · Overall: +10.62022 Q3 · Overall: +13.42022 Q4 · Overall: +11.72023 Q1 · Overall: +11.12023 Q2 · Overall: +11.12023 Q3 · Overall: +13.42023 Q4 · Overall: +16.62024 Q1 · Overall: +9.92024 Q2 · Overall: +13.92024 Q3 · Overall: +12.72024 Q4 · Overall: +12.02025 Q1 · Overall: +9.3
Overall

CEO vs CFO

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

-31-16+0+16+312005 Q42011 Q12013 Q22015 Q32017 Q42020 Q12022 Q22024 Q32009 Q3 · CEO: +23.92009 Q4 · CEO: +16.42010 Q3 · CEO: +27.42010 Q4 · CEO: +11.52011 Q1 · CEO: +23.22011 Q3 · CEO: +24.22011 Q4 · CEO: +4.32012 Q1 · CEO: +21.32012 Q3 · CEO: +22.02012 Q4 · CEO: +10.92013 Q2 · CEO: +24.02013 Q4 · CEO: +8.72014 Q2 · CEO: +19.62014 Q4 · CEO: +10.32015 Q4 · CEO: +11.62016 Q3 · CEO: +16.42016 Q4 · CEO: +8.42017 Q1 · CEO: +4.12017 Q4 · CEO: +12.72018 Q2 · CEO: +16.92018 Q3 · CEO: +15.22018 Q4 · CEO: +11.02019 Q1 · CEO: +12.92019 Q2 · CEO: +8.32019 Q3 · CEO: +13.12019 Q4 · CEO: +12.02020 Q1 · CEO: -0.32020 Q2 · CEO: +10.92020 Q3 · CEO: +14.12020 Q4 · CEO: +9.72021 Q1 · CEO: +15.12021 Q2 · CEO: +13.82021 Q3 · CEO: +13.62021 Q4 · CEO: +13.72022 Q1 · CEO: +13.52022 Q2 · CEO: +17.42022 Q3 · CEO: +17.42022 Q4 · CEO: +19.22023 Q1 · CEO: +14.62023 Q2 · CEO: +15.12023 Q3 · CEO: +16.02023 Q4 · CEO: +18.92024 Q1 · CEO: +12.12024 Q2 · CEO: +18.22024 Q3 · CEO: +15.62024 Q4 · CEO: +16.52025 Q1 · CEO: +13.12005 Q4 · CFO: +13.72009 Q1 · CFO: +11.52009 Q2 · CFO: +18.32009 Q3 · CFO: +16.62009 Q4 · CFO: +25.92010 Q1 · CFO: +20.82010 Q2 · CFO: +20.52010 Q3 · CFO: +17.62010 Q4 · CFO: +22.02011 Q1 · CFO: +14.72011 Q2 · CFO: +25.82011 Q3 · CFO: +26.62011 Q4 · CFO: +23.72012 Q1 · CFO: +22.82012 Q2 · CFO: +19.72012 Q3 · CFO: +20.62012 Q4 · CFO: +13.72013 Q1 · CFO: +17.42013 Q2 · CFO: +17.22013 Q3 · CFO: +20.32013 Q4 · CFO: +21.52014 Q1 · CFO: +20.82014 Q2 · CFO: +18.42014 Q3 · CFO: +14.32014 Q4 · CFO: +14.92015 Q2 · CFO: +22.72015 Q4 · CFO: +21.12016 Q1 · CFO: +24.22016 Q3 · CFO: +24.92016 Q4 · CFO: +21.42017 Q1 · CFO: +11.02017 Q2 · CFO: +15.02017 Q3 · CFO: +16.12017 Q4 · CFO: +21.92018 Q1 · CFO: +17.82018 Q2 · CFO: +13.82018 Q3 · CFO: +14.02018 Q4 · CFO: +16.02019 Q1 · CFO: +14.52019 Q2 · CFO: +19.32019 Q3 · CFO: +18.62019 Q4 · CFO: +22.02020 Q1 · CFO: -2.32020 Q2 · CFO: +7.52020 Q3 · CFO: +16.42020 Q4 · CFO: +11.82021 Q1 · CFO: +11.72021 Q2 · CFO: +11.12021 Q3 · CFO: +9.12021 Q4 · CFO: +9.62022 Q1 · CFO: +12.52022 Q2 · CFO: +4.52022 Q3 · CFO: +13.42022 Q4 · CFO: +1.42023 Q1 · CFO: +14.52023 Q2 · CFO: +15.72023 Q3 · CFO: +20.12023 Q4 · CFO: +11.72024 Q1 · CFO: +11.72024 Q2 · CFO: +17.02024 Q3 · CFO: +11.72024 Q4 · CFO: +11.62025 Q1 · CFO: +8.7
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-38-19+0+19+382005 Q42011 Q12013 Q22015 Q32017 Q42020 Q12022 Q22024 Q32005 Q4 · Prepared remarks: +12.62009 Q1 · Prepared remarks: +19.22009 Q2 · Prepared remarks: +21.02009 Q3 · Prepared remarks: +21.52009 Q4 · Prepared remarks: +21.82010 Q1 · Prepared remarks: +27.12010 Q2 · Prepared remarks: +25.02010 Q3 · Prepared remarks: +25.12010 Q4 · Prepared remarks: +18.82011 Q1 · Prepared remarks: +23.82011 Q2 · Prepared remarks: +25.32011 Q3 · Prepared remarks: +33.12011 Q4 · Prepared remarks: +18.22012 Q1 · Prepared remarks: +22.22012 Q2 · Prepared remarks: +22.42012 Q3 · Prepared remarks: +22.72012 Q4 · Prepared remarks: +12.62013 Q1 · Prepared remarks: +17.92013 Q2 · Prepared remarks: +22.22013 Q3 · Prepared remarks: +23.42013 Q4 · Prepared remarks: +17.42014 Q1 · Prepared remarks: +18.82014 Q2 · Prepared remarks: +18.52014 Q3 · Prepared remarks: +13.52014 Q4 · Prepared remarks: +16.22015 Q1 · Prepared remarks: +18.82015 Q2 · Prepared remarks: +19.42015 Q3 · Prepared remarks: +22.42015 Q4 · Prepared remarks: +20.32016 Q1 · Prepared remarks: +20.92016 Q2 · Prepared remarks: +16.52016 Q3 · Prepared remarks: +24.32016 Q4 · Prepared remarks: +12.62017 Q1 · Prepared remarks: +8.62017 Q2 · Prepared remarks: +13.82017 Q3 · Prepared remarks: +13.82017 Q4 · Prepared remarks: +19.92018 Q1 · Prepared remarks: +14.82018 Q2 · Prepared remarks: +20.62018 Q3 · Prepared remarks: +12.62018 Q4 · Prepared remarks: +17.82019 Q1 · Prepared remarks: +14.42019 Q2 · Prepared remarks: +12.32019 Q3 · Prepared remarks: +15.42019 Q4 · Prepared remarks: +21.52020 Q1 · Prepared remarks: +1.82020 Q2 · Prepared remarks: +9.62020 Q3 · Prepared remarks: +12.52020 Q4 · Prepared remarks: +12.52021 Q1 · Prepared remarks: +15.12021 Q2 · Prepared remarks: +19.42021 Q3 · Prepared remarks: +12.42021 Q4 · Prepared remarks: +24.92022 Q1 · Prepared remarks: +21.52022 Q2 · Prepared remarks: +18.72022 Q3 · Prepared remarks: +26.72022 Q4 · Prepared remarks: +19.92023 Q1 · Prepared remarks: +22.62023 Q2 · Prepared remarks: +20.82023 Q3 · Prepared remarks: +31.72023 Q4 · Prepared remarks: +22.32024 Q1 · Prepared remarks: +21.32024 Q2 · Prepared remarks: +22.22024 Q3 · Prepared remarks: +15.82024 Q4 · Prepared remarks: +15.92025 Q1 · Prepared remarks: +11.32005 Q4 · Q&A responses: +12.02009 Q1 · Q&A responses: +7.42009 Q2 · Q&A responses: +15.02009 Q3 · Q&A responses: +18.32009 Q4 · Q&A responses: +22.02010 Q1 · Q&A responses: +12.72010 Q2 · Q&A responses: +15.32010 Q3 · Q&A responses: +15.22010 Q4 · Q&A responses: +11.72011 Q1 · Q&A responses: +10.12011 Q2 · Q&A responses: +12.12011 Q3 · Q&A responses: +15.22011 Q4 · Q&A responses: +3.92012 Q1 · Q&A responses: +19.42012 Q2 · Q&A responses: +14.12012 Q3 · Q&A responses: +16.22012 Q4 · Q&A responses: +10.72013 Q1 · Q&A responses: +14.92013 Q2 · Q&A responses: +18.22013 Q3 · Q&A responses: +15.32013 Q4 · Q&A responses: +11.22014 Q1 · Q&A responses: +16.42014 Q2 · Q&A responses: +19.62014 Q3 · Q&A responses: +13.22014 Q4 · Q&A responses: +7.82015 Q1 · Q&A responses: +15.32015 Q3 · Q&A responses: +13.02015 Q4 · Q&A responses: +11.82016 Q1 · Q&A responses: +24.22016 Q2 · Q&A responses: +21.02016 Q3 · Q&A responses: +15.62016 Q4 · Q&A responses: +16.72017 Q1 · Q&A responses: +7.72017 Q2 · Q&A responses: +14.22017 Q3 · Q&A responses: +17.32017 Q4 · Q&A responses: +15.52018 Q2 · Q&A responses: +9.82018 Q4 · Q&A responses: +8.42019 Q1 · Q&A responses: +11.02019 Q2 · Q&A responses: +8.72019 Q3 · Q&A responses: +14.02019 Q4 · Q&A responses: +11.82020 Q1 · Q&A responses: +0.82020 Q2 · Q&A responses: +8.82020 Q3 · Q&A responses: +14.02020 Q4 · Q&A responses: +9.02021 Q1 · Q&A responses: +12.12021 Q2 · Q&A responses: +9.62021 Q3 · Q&A responses: +11.42021 Q4 · Q&A responses: +5.92022 Q1 · Q&A responses: +6.42022 Q2 · Q&A responses: +9.82022 Q3 · Q&A responses: +10.52022 Q4 · Q&A responses: +10.82023 Q1 · Q&A responses: +9.22023 Q2 · Q&A responses: +10.32023 Q3 · Q&A responses: +8.92023 Q4 · Q&A responses: +14.82024 Q1 · Q&A responses: +4.32024 Q2 · Q&A responses: +14.62024 Q3 · Q&A responses: +11.72024 Q4 · Q&A responses: +11.72025 Q1 · Q&A responses: +11.6
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

$2.07$2.93$3.782005 Q42011 Q12013 Q22015 Q32017 Q42020 Q12022 Q22024 Q32014 Q1: $2.682014 Q2: $2.712014 Q3: $2.702014 Q4: $2.562015 Q1: $2.542015 Q2: $2.532015 Q3: $2.732015 Q4: $2.822016 Q1: $2.882016 Q2: $2.942016 Q3: $2.982016 Q4: $2.972017 Q1: $2.962017 Q2: $2.942017 Q3: $2.982017 Q4: $2.942018 Q1: $3.462018 Q2: $3.422018 Q3: $3.602018 Q4: $3.582019 Q1: $3.602019 Q2: $3.602019 Q3: $3.602019 Q4: $3.602020 Q1: $3.672020 Q2: $3.252020 Q3: $3.222020 Q4: $3.202021 Q1: $3.172021 Q2: $3.142021 Q3: $3.242021 Q4: $3.202022 Q1: $3.012022 Q2: $2.562022 Q3: $2.522022 Q4: $2.562023 Q1: $2.462023 Q2: $2.442023 Q3: $2.462023 Q4: $2.472024 Q1: $2.232024 Q2: $2.262024 Q3: $2.252024 Q4: $2.19

Forward P/E

5.2910.1715.052005 Q42011 Q12013 Q22015 Q32017 Q42020 Q12022 Q22024 Q32014 Q1: 12.292014 Q2: 13.012014 Q3: 12.982014 Q4: 12.762015 Q1: 13.242015 Q2: 13.752015 Q3: 12.052015 Q4: 12.202016 Q1: 13.442016 Q2: 13.702016 Q3: 13.392016 Q4: 13.842017 Q1: 14.382017 Q2: 13.192017 Q3: 12.282017 Q4: 12.942018 Q1: 10.692018 Q2: 9.432018 Q3: 9.262018 Q4: 8.332019 Q1: 8.422019 Q2: 9.022019 Q3: 10.202019 Q4: 10.762020 Q1: 8.962020 Q2: 9.302020 Q3: 9.092020 Q4: 9.472021 Q1: 9.532021 Q2: 9.252021 Q3: 8.502021 Q4: 6.932022 Q1: 7.702022 Q2: 7.592022 Q3: 6.642022 Q4: 7.382023 Q1: 7.452023 Q2: 6.482023 Q3: 5.962023 Q4: 6.662024 Q1: 7.702024 Q2: 7.992024 Q3: 9.652024 Q4: 10.26

Divergence watch ⚑

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

  • 2015 Q3 tone ↓ -3.0 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -2.8 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -3.4 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↑ +2.8 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2020 Q1 tone ↓ -14.4 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +6.7 fwd EPS ↓ -0.41 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↑ +4.9 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↑ +2.3 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2022 Q3 tone ↑ +2.9 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-23+9.3——View →
2024 Q42025-01-27+12.0$2.1910.3View →
2024 Q32024-10-23+12.7$2.259.7View →
2024 Q22024-07-24+13.9$2.268.0View →
2024 Q12024-04-24+9.9$2.237.7View →
2023 Q42024-01-24+16.6$2.476.7View →
2023 Q32023-10-19+13.4$2.466.0View →
2023 Q22023-07-26+11.1$2.446.5View →