Subtext

Thermo Fisher Scientific Inc. TMO

SectorHealth Care
Transcripts72
Date range2006-10-25 – 2025-04-23
Calls charted72

Sentiment timeline

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

-32-16+0+16+322006 Q32009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12006 Q3 · Overall: +16.42007 Q2 · Overall: +12.12007 Q3 · Overall: +9.92007 Q4 · Overall: +6.22008 Q1 · Overall: +6.02008 Q2 · Overall: +8.62008 Q3 · Overall: +5.12008 Q4 · Overall: +4.42009 Q2 · Overall: +7.02009 Q3 · Overall: +5.72009 Q4 · Overall: +9.62010 Q1 · Overall: +6.22010 Q2 · Overall: +8.42010 Q3 · Overall: +3.82010 Q4 · Overall: +16.62011 Q1 · Overall: +2.02011 Q2 · Overall: -0.22011 Q3 · Overall: +1.42011 Q4 · Overall: +5.62012 Q1 · Overall: +11.72012 Q2 · Overall: +7.92012 Q3 · Overall: +1.22012 Q4 · Overall: +5.42013 Q1 · Overall: +7.62013 Q2 · Overall: +11.22013 Q3 · Overall: +12.62013 Q4 · Overall: +13.92014 Q1 · Overall: +15.32014 Q2 · Overall: +12.32014 Q3 · Overall: +13.32014 Q4 · Overall: +16.32015 Q1 · Overall: +10.02015 Q2 · Overall: +15.82015 Q3 · Overall: +17.32015 Q4 · Overall: +17.62016 Q1 · Overall: +19.52016 Q2 · Overall: +17.52016 Q3 · Overall: +17.22016 Q4 · Overall: +21.72017 Q1 · Overall: +20.52017 Q2 · Overall: +19.12017 Q3 · Overall: +20.92017 Q4 · Overall: +20.32018 Q1 · Overall: +20.42018 Q2 · Overall: +26.02018 Q3 · Overall: +27.52018 Q4 · Overall: +21.32019 Q1 · Overall: +16.72019 Q2 · Overall: +13.12019 Q3 · Overall: +18.12019 Q4 · Overall: +14.82020 Q1 · Overall: +2.32020 Q2 · Overall: +6.72020 Q3 · Overall: +17.02020 Q4 · Overall: +18.42021 Q1 · Overall: +27.62021 Q2 · Overall: +19.02021 Q3 · Overall: +16.22021 Q4 · Overall: +18.82022 Q1 · Overall: +18.62022 Q2 · Overall: +19.12022 Q3 · Overall: +19.02022 Q4 · Overall: +17.42023 Q1 · Overall: +20.12023 Q2 · Overall: +9.52023 Q3 · Overall: +14.12023 Q4 · Overall: +20.92024 Q1 · Overall: +16.12024 Q2 · Overall: +23.72024 Q3 · Overall: +17.42024 Q4 · Overall: +26.92025 Q1 · Overall: +16.2
Overall

CEO vs CFO

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

-48-24+0+24+482006 Q32009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12006 Q3 · CEO: +23.62007 Q2 · CEO: +14.92007 Q3 · CEO: +11.32007 Q4 · CEO: +10.12008 Q1 · CEO: +9.82008 Q2 · CEO: +17.52008 Q3 · CEO: +14.12008 Q4 · CEO: +10.22009 Q2 · CEO: +14.22009 Q3 · CEO: +14.52009 Q4 · CEO: +14.92010 Q1 · CEO: +10.72010 Q2 · CEO: +20.02010 Q3 · CEO: +12.82010 Q4 · CEO: +30.92011 Q1 · CEO: +5.82011 Q2 · CEO: +7.12011 Q3 · CEO: +11.02011 Q4 · CEO: +14.12012 Q1 · CEO: +22.22012 Q2 · CEO: +18.02012 Q3 · CEO: +9.22012 Q4 · CEO: +11.32013 Q1 · CEO: +18.62013 Q2 · CEO: +25.02013 Q3 · CEO: +23.52013 Q4 · CEO: +29.62014 Q1 · CEO: +33.92014 Q2 · CEO: +26.02014 Q3 · CEO: +21.12014 Q4 · CEO: +32.52016 Q2 · CEO: +29.72016 Q3 · CEO: +27.82016 Q4 · CEO: +33.72017 Q1 · CEO: +32.92017 Q2 · CEO: +35.42017 Q3 · CEO: +37.32017 Q4 · CEO: +30.92018 Q1 · CEO: +36.22018 Q2 · CEO: +38.52018 Q3 · CEO: +41.42018 Q4 · CEO: +34.82019 Q1 · CEO: +28.42019 Q2 · CEO: +28.82019 Q3 · CEO: +32.82019 Q4 · CEO: +25.62020 Q1 · CEO: -0.52020 Q2 · CEO: +9.82020 Q3 · CEO: +19.32020 Q4 · CEO: +26.32021 Q1 · CEO: +37.42021 Q2 · CEO: +28.02021 Q3 · CEO: +24.32021 Q4 · CEO: +27.52022 Q1 · CEO: +29.42022 Q2 · CEO: +30.22022 Q3 · CEO: +31.02022 Q4 · CEO: +29.52023 Q1 · CEO: +30.52023 Q2 · CEO: +19.72023 Q3 · CEO: +21.22023 Q4 · CEO: +35.52024 Q1 · CEO: +21.32024 Q2 · CEO: +35.52024 Q3 · CEO: +29.12024 Q4 · CEO: +37.32025 Q1 · CEO: +22.22006 Q3 · CFO: +16.72007 Q2 · CFO: +15.92007 Q3 · CFO: +15.22007 Q4 · CFO: +9.62008 Q1 · CFO: +3.12008 Q2 · CFO: -0.62008 Q3 · CFO: -7.92008 Q4 · CFO: +0.82009 Q2 · CFO: -1.32009 Q3 · CFO: -1.62009 Q4 · CFO: +0.52010 Q1 · CFO: +11.32010 Q2 · CFO: +3.72010 Q3 · CFO: +3.22010 Q4 · CFO: +8.62011 Q1 · CFO: -11.82011 Q2 · CFO: -5.92011 Q3 · CFO: +3.12011 Q4 · CFO: +2.02012 Q1 · CFO: +5.82012 Q2 · CFO: +7.62012 Q3 · CFO: -11.72012 Q4 · CFO: +0.52013 Q1 · CFO: +4.02013 Q2 · CFO: -1.92013 Q3 · CFO: +6.92013 Q4 · CFO: +2.82014 Q1 · CFO: -1.32014 Q2 · CFO: +4.92014 Q3 · CFO: +7.22014 Q4 · CFO: +5.82015 Q3 · CFO: +0.02016 Q2 · CFO: +7.32016 Q3 · CFO: +5.72016 Q4 · CFO: +15.22017 Q1 · CFO: +13.52017 Q2 · CFO: +9.92017 Q3 · CFO: +10.82017 Q4 · CFO: +11.52018 Q1 · CFO: +11.82018 Q2 · CFO: +18.52018 Q3 · CFO: +21.02018 Q4 · CFO: +12.82019 Q1 · CFO: +9.32019 Q2 · CFO: +2.62019 Q3 · CFO: +8.92019 Q4 · CFO: +6.82020 Q1 · CFO: +6.32020 Q2 · CFO: +11.32020 Q3 · CFO: +20.72020 Q4 · CFO: +15.62021 Q1 · CFO: +25.32021 Q2 · CFO: +24.72021 Q3 · CFO: +18.62021 Q4 · CFO: +15.82022 Q1 · CFO: +18.42022 Q2 · CFO: +14.82022 Q3 · CFO: +15.92022 Q4 · CFO: +13.02023 Q1 · CFO: +13.02023 Q2 · CFO: +6.52023 Q3 · CFO: +11.92023 Q4 · CFO: +9.52024 Q1 · CFO: +12.72024 Q2 · CFO: +18.12024 Q3 · CFO: +9.02024 Q4 · CFO: +27.32025 Q1 · CFO: +15.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-78-39+0+39+782006 Q32009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12006 Q3 · Prepared remarks: +18.12007 Q2 · Prepared remarks: +17.32007 Q3 · Prepared remarks: +12.72007 Q4 · Prepared remarks: +15.52008 Q1 · Prepared remarks: +10.92008 Q2 · Prepared remarks: +13.82008 Q3 · Prepared remarks: +12.92008 Q4 · Prepared remarks: +6.52009 Q2 · Prepared remarks: +8.92009 Q3 · Prepared remarks: +11.12009 Q4 · Prepared remarks: +8.12010 Q1 · Prepared remarks: +12.22010 Q2 · Prepared remarks: +16.82010 Q3 · Prepared remarks: +4.42010 Q4 · Prepared remarks: +22.12011 Q1 · Prepared remarks: +1.72011 Q2 · Prepared remarks: -3.42011 Q3 · Prepared remarks: +10.72011 Q4 · Prepared remarks: +9.62012 Q1 · Prepared remarks: +16.72012 Q2 · Prepared remarks: +18.92012 Q3 · Prepared remarks: +4.52012 Q4 · Prepared remarks: +11.02013 Q1 · Prepared remarks: +11.92013 Q2 · Prepared remarks: +10.82013 Q3 · Prepared remarks: +14.82013 Q4 · Prepared remarks: +15.02014 Q1 · Prepared remarks: +11.52014 Q2 · Prepared remarks: +17.02014 Q3 · Prepared remarks: +15.52014 Q4 · Prepared remarks: +19.12015 Q1 · Prepared remarks: +13.42015 Q2 · Prepared remarks: +17.52015 Q3 · Prepared remarks: +22.72015 Q4 · Prepared remarks: +25.22016 Q1 · Prepared remarks: +19.92016 Q2 · Prepared remarks: +22.82016 Q3 · Prepared remarks: +16.92016 Q4 · Prepared remarks: +24.22017 Q1 · Prepared remarks: +23.32017 Q2 · Prepared remarks: +22.92017 Q3 · Prepared remarks: +23.02017 Q4 · Prepared remarks: +23.52018 Q1 · Prepared remarks: +23.92018 Q2 · Prepared remarks: +29.22018 Q3 · Prepared remarks: +27.92018 Q4 · Prepared remarks: +29.22019 Q1 · Prepared remarks: +21.32019 Q2 · Prepared remarks: +19.22019 Q3 · Prepared remarks: +21.92019 Q4 · Prepared remarks: +19.72020 Q1 · Prepared remarks: +7.12020 Q2 · Prepared remarks: +8.72020 Q3 · Prepared remarks: +21.42020 Q4 · Prepared remarks: +21.62021 Q1 · Prepared remarks: +27.82021 Q2 · Prepared remarks: +29.82021 Q3 · Prepared remarks: +20.72021 Q4 · Prepared remarks: +24.02022 Q1 · Prepared remarks: +23.02022 Q2 · Prepared remarks: +27.72022 Q3 · Prepared remarks: +27.82022 Q4 · Prepared remarks: +20.22023 Q1 · Prepared remarks: +24.72023 Q2 · Prepared remarks: +20.02023 Q3 · Prepared remarks: +24.12023 Q4 · Prepared remarks: +26.82024 Q1 · Prepared remarks: +67.92024 Q2 · Prepared remarks: +31.42024 Q3 · Prepared remarks: +26.82024 Q4 · Prepared remarks: +36.32025 Q1 · Prepared remarks: +24.32006 Q3 · Q&A responses: +20.42007 Q2 · Q&A responses: +12.72007 Q3 · Q&A responses: +9.52007 Q4 · Q&A responses: +1.52008 Q1 · Q&A responses: +4.32008 Q2 · Q&A responses: +10.42008 Q3 · Q&A responses: +6.42008 Q4 · Q&A responses: +5.12009 Q2 · Q&A responses: +9.12009 Q3 · Q&A responses: +5.42009 Q4 · Q&A responses: +15.72010 Q1 · Q&A responses: +8.32010 Q2 · Q&A responses: +7.72010 Q3 · Q&A responses: +7.12010 Q4 · Q&A responses: +19.42011 Q1 · Q&A responses: +6.42011 Q2 · Q&A responses: +6.62011 Q3 · Q&A responses: +3.22011 Q4 · Q&A responses: +8.22012 Q1 · Q&A responses: +15.02012 Q2 · Q&A responses: +8.92012 Q3 · Q&A responses: +3.32012 Q4 · Q&A responses: +3.92013 Q1 · Q&A responses: +13.42013 Q2 · Q&A responses: +19.52013 Q3 · Q&A responses: +19.52013 Q4 · Q&A responses: +22.72014 Q1 · Q&A responses: +28.52014 Q2 · Q&A responses: +15.42014 Q3 · Q&A responses: +16.42014 Q4 · Q&A responses: +21.62015 Q1 · Q&A responses: +12.92015 Q2 · Q&A responses: +23.32015 Q3 · Q&A responses: +21.12015 Q4 · Q&A responses: +14.02016 Q1 · Q&A responses: +26.22016 Q2 · Q&A responses: +21.52016 Q3 · Q&A responses: +24.92016 Q4 · Q&A responses: +26.32017 Q1 · Q&A responses: +22.92017 Q2 · Q&A responses: +26.02017 Q3 · Q&A responses: +28.72017 Q4 · Q&A responses: +23.32018 Q1 · Q&A responses: +25.22018 Q2 · Q&A responses: +27.72018 Q3 · Q&A responses: +37.42018 Q4 · Q&A responses: +21.12019 Q1 · Q&A responses: +18.32019 Q2 · Q&A responses: +15.12019 Q3 · Q&A responses: +24.82019 Q4 · Q&A responses: +15.02020 Q1 · Q&A responses: -1.22020 Q2 · Q&A responses: +9.82020 Q3 · Q&A responses: +12.52020 Q4 · Q&A responses: +17.22021 Q2 · Q&A responses: +17.52021 Q3 · Q&A responses: +21.92021 Q4 · Q&A responses: +16.42022 Q1 · Q&A responses: +24.12022 Q2 · Q&A responses: +18.42022 Q3 · Q&A responses: +20.22022 Q4 · Q&A responses: +20.92023 Q1 · Q&A responses: +23.02023 Q2 · Q&A responses: +4.22023 Q3 · Q&A responses: +6.02023 Q4 · Q&A responses: +19.32024 Q1 · Q&A responses: +15.52024 Q2 · Q&A responses: +24.82024 Q3 · Q&A responses: +17.82024 Q4 · Q&A responses: +26.82025 Q1 · Q&A responses: +11.1
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

$5.62$16.10$26.582006 Q32009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: $7.072014 Q2: $7.382014 Q3: $7.632014 Q4: $7.732015 Q1: $7.552015 Q2: $7.732015 Q3: $8.022015 Q4: $8.212016 Q1: $8.132016 Q2: $8.552016 Q3: $8.812016 Q4: $9.252017 Q1: $9.392017 Q2: $9.702017 Q3: $10.322017 Q4: $10.592018 Q1: $11.132018 Q2: $11.532018 Q3: $11.902018 Q4: $12.252019 Q1: $12.472019 Q2: $12.882019 Q3: $13.262019 Q4: $13.602020 Q1: $14.022020 Q2: $13.412020 Q3: $16.922020 Q4: $20.442021 Q1: $21.572021 Q2: $20.902021 Q3: $20.432021 Q4: $21.652022 Q1: $22.972022 Q2: $23.652022 Q3: $24.042022 Q4: $23.252023 Q1: $24.482023 Q2: $25.142023 Q3: $24.042023 Q4: $22.032024 Q1: $22.232024 Q2: $23.022024 Q3: $23.352024 Q4: $23.36

Forward P/E

14.3722.9231.472006 Q32009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: 17.372014 Q2: 16.252014 Q3: 16.192014 Q4: 16.142015 Q1: 17.742015 Q2: 16.642015 Q3: 15.752015 Q4: 17.112016 Q1: 17.102016 Q2: 17.232016 Q3: 16.782016 Q4: 15.552017 Q1: 17.142017 Q2: 18.002017 Q3: 18.562017 Q4: 18.082018 Q1: 19.182018 Q2: 18.772018 Q3: 20.252018 Q4: 18.642019 Q1: 20.752019 Q2: 22.732019 Q3: 22.252019 Q4: 23.502020 Q1: 21.622020 Q2: 26.092020 Q3: 25.642020 Q4: 22.402021 Q1: 20.522021 Q2: 22.412021 Q3: 27.562021 Q4: 30.292022 Q1: 24.492022 Q2: 21.772022 Q3: 23.222022 Q4: 24.402023 Q1: 22.162023 Q2: 20.692023 Q3: 21.262023 Q4: 23.542024 Q1: 26.692024 Q2: 24.722024 Q3: 26.132024 Q4: 22.07

Divergence watch ⚑

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

  • 2014 Q2 tone ↓ -3.0 fwd EPS ↑ +0.31 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -6.2 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -4.6 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -3.6 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -3.3 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -12.4 fwd EPS ↑ +0.42 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +4.4 fwd EPS ↓ -0.61 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -10.6 fwd EPS ↑ +0.65 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↑ +4.6 fwd EPS ↓ -1.10 Tone rose while the forward EPS estimate was cut.
  • 2023 Q4 tone ↑ +6.9 fwd EPS ↓ -2.00 Tone rose while the forward EPS estimate was cut.
  • 2024 Q3 tone ↓ -6.3 fwd EPS ↑ +0.33 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-23+16.2——View →
2024 Q42025-01-30+26.9$23.3622.1View →
2024 Q32024-10-23+17.4$23.3526.1View →
2024 Q22024-07-24+23.7$23.0224.7View →
2024 Q12024-04-24+16.1$22.2326.7View →
2023 Q42024-01-31+20.9$22.0323.5View →
2023 Q32023-10-25+14.1$24.0421.3View →
2023 Q22023-07-26+9.5$25.1420.7View →