Subtext

Trimble Inc. TRMB

SectorInformation Technology
Transcripts21
Date range2020-05-06 – 2025-05-07
Calls charted21

Sentiment timeline

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

-16-8+0+8+162020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: -2.22020 Q2 · Overall: +3.02020 Q3 · Overall: +9.12020 Q4 · Overall: +10.62021 Q1 · Overall: +7.82021 Q2 · Overall: +10.12021 Q3 · Overall: +9.42021 Q4 · Overall: +5.02022 Q1 · Overall: +4.52022 Q2 · Overall: +1.92022 Q3 · Overall: +8.52022 Q4 · Overall: +7.72023 Q1 · Overall: +7.42023 Q2 · Overall: +13.62023 Q3 · Overall: +4.32023 Q4 · Overall: +7.12024 Q1 · Overall: +1.12024 Q2 · Overall: +8.32024 Q3 · Overall: +7.82024 Q4 · Overall: +9.82025 Q1 · Overall: +6.0
Overall

CEO vs CFO

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

-28-14+0+14+282020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · CEO: +3.42020 Q2 · CEO: +7.12020 Q3 · CEO: +13.52020 Q4 · CEO: +14.72021 Q1 · CEO: +24.02021 Q2 · CEO: +22.02021 Q4 · CEO: +8.12022 Q1 · CEO: +5.22022 Q2 · CEO: +4.32022 Q3 · CEO: +10.32022 Q4 · CEO: +8.62023 Q1 · CEO: +10.22023 Q2 · CEO: +17.62023 Q3 · CEO: +7.32023 Q4 · CEO: +6.32024 Q1 · CEO: +5.42024 Q2 · CEO: +11.02024 Q3 · CEO: +12.02024 Q4 · CEO: +15.62025 Q1 · CEO: +6.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-26-13+0+13+262020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: -3.62020 Q2 · Prepared remarks: +6.42020 Q3 · Prepared remarks: +13.02020 Q4 · Prepared remarks: +13.02021 Q1 · Prepared remarks: +22.72021 Q2 · Prepared remarks: +17.12021 Q3 · Prepared remarks: +14.82021 Q4 · Prepared remarks: +9.92022 Q1 · Prepared remarks: +9.62022 Q2 · Prepared remarks: +6.02022 Q3 · Prepared remarks: +11.02022 Q4 · Prepared remarks: +9.32023 Q1 · Prepared remarks: +11.72023 Q2 · Prepared remarks: +14.92023 Q3 · Prepared remarks: +3.32023 Q4 · Prepared remarks: +10.12024 Q1 · Prepared remarks: +15.92024 Q2 · Prepared remarks: +11.42024 Q3 · Prepared remarks: +12.62024 Q4 · Prepared remarks: +14.72025 Q1 · Prepared remarks: +13.42020 Q1 · Q&A responses: +0.82020 Q2 · Q&A responses: +4.12020 Q3 · Q&A responses: +10.92020 Q4 · Q&A responses: +12.32021 Q1 · Q&A responses: +5.52021 Q2 · Q&A responses: +8.12021 Q3 · Q&A responses: +10.02021 Q4 · Q&A responses: +6.02022 Q1 · Q&A responses: +4.92022 Q2 · Q&A responses: +3.22022 Q3 · Q&A responses: +9.22022 Q4 · Q&A responses: +6.82023 Q1 · Q&A responses: +7.82023 Q2 · Q&A responses: +15.82023 Q3 · Q&A responses: +7.02023 Q4 · Q&A responses: +7.32024 Q1 · Q&A responses: +1.92024 Q2 · Q&A responses: +9.32024 Q3 · Q&A responses: +7.92024 Q4 · Q&A responses: +10.42025 Q1 · Q&A responses: +4.4
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

$1.77$2.44$3.112020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: $2.072020 Q2: $1.862020 Q3: $2.062020 Q4: $2.272021 Q1: $2.422021 Q2: $2.612021 Q3: $2.862021 Q4: $2.962022 Q1: $2.992022 Q2: $3.022022 Q3: $3.012022 Q4: $2.912023 Q1: $2.812023 Q2: $2.772023 Q3: $2.892023 Q4: $2.732024 Q1: $2.802024 Q2: $2.892024 Q3: $2.95

Forward P/E

8.5621.2333.912020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: 10.312020 Q2: 23.072020 Q3: 24.912020 Q4: 28.912021 Q1: 31.622021 Q2: 29.992021 Q3: 32.162021 Q4: 29.452022 Q1: 22.832022 Q2: 19.832022 Q3: 20.322022 Q4: 18.752023 Q1: 17.432023 Q2: 18.782023 Q3: 17.442023 Q4: 18.032024 Q1: 22.642024 Q2: 19.212024 Q3: 19.66

Divergence watch ⚑

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

  • 2020 Q2 tone ↑ +5.2 fwd EPS ↓ -0.20 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -2.8 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -4.4 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↑ +6.1 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -9.3 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +2.8 fwd EPS ↓ -0.16 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -6.0 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-07+6.0——View →
2024 Q42025-02-19+9.8——View →
2024 Q32024-11-06+7.8$2.9519.7View →
2024 Q22024-08-06+8.3$2.8919.2View →
2024 Q12024-05-03+1.1$2.8022.6View →
2023 Q42024-02-12+7.1$2.7318.0View →
2023 Q32023-11-01+4.3$2.8917.4View →
2023 Q22023-08-03+13.6$2.7718.8View →