Subtext

Tractor Supply Company TSCO

SectorConsumer Discretionary
Transcripts45
Date range2014-04-24 – 2025-04-24
Calls charted45

Sentiment timeline

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

-22-11+0+11+222014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · Overall: +2.62014 Q2 · Overall: +5.32014 Q3 · Overall: +6.62014 Q4 · Overall: +10.42015 Q1 · Overall: +7.52015 Q2 · Overall: +8.72015 Q3 · Overall: +7.42015 Q4 · Overall: +7.72016 Q1 · Overall: +10.42016 Q2 · Overall: +3.12016 Q3 · Overall: +2.12016 Q4 · Overall: +9.42017 Q1 · Overall: +2.52017 Q2 · Overall: +10.32017 Q3 · Overall: +10.42017 Q4 · Overall: +12.82018 Q1 · Overall: +13.62018 Q2 · Overall: +15.12018 Q3 · Overall: +17.52018 Q4 · Overall: +13.12019 Q1 · Overall: +18.92019 Q2 · Overall: +19.62019 Q3 · Overall: +14.82019 Q4 · Overall: +14.82020 Q1 · Overall: +6.02020 Q2 · Overall: +14.72020 Q3 · Overall: +19.12020 Q4 · Overall: +11.82021 Q1 · Overall: +15.92021 Q2 · Overall: +15.92021 Q3 · Overall: +12.72021 Q4 · Overall: +17.72022 Q1 · Overall: +12.22022 Q2 · Overall: +13.62022 Q3 · Overall: +11.72022 Q4 · Overall: +14.02023 Q1 · Overall: +13.22023 Q2 · Overall: +15.92023 Q3 · Overall: +9.22023 Q4 · Overall: +14.12024 Q1 · Overall: +5.02024 Q2 · Overall: +12.82024 Q3 · Overall: +17.92024 Q4 · Overall: +17.42025 Q1 · Overall: +6.6
Overall

CEO vs CFO

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

-31-16+0+16+312014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · CEO: +4.92014 Q2 · CEO: +9.62014 Q3 · CEO: +6.92014 Q4 · CEO: +8.32015 Q1 · CEO: +10.12015 Q2 · CEO: +9.42015 Q3 · CEO: +13.82016 Q1 · CEO: +16.02016 Q2 · CEO: +5.12016 Q3 · CEO: +4.12016 Q4 · CEO: +9.62017 Q1 · CEO: +6.92017 Q2 · CEO: +18.42017 Q3 · CEO: +15.32017 Q4 · CEO: +20.12018 Q1 · CEO: +18.02018 Q2 · CEO: +17.72018 Q3 · CEO: +20.82018 Q4 · CEO: +16.72019 Q1 · CEO: +18.22019 Q2 · CEO: +21.62019 Q3 · CEO: +24.62019 Q4 · CEO: +27.22020 Q1 · CEO: +7.72020 Q2 · CEO: +15.52020 Q3 · CEO: +22.02020 Q4 · CEO: +15.22021 Q1 · CEO: +19.62021 Q2 · CEO: +18.02021 Q3 · CEO: +18.72021 Q4 · CEO: +17.42022 Q1 · CEO: +19.82022 Q2 · CEO: +22.02022 Q3 · CEO: +16.92022 Q4 · CEO: +19.92023 Q1 · CEO: +17.02023 Q2 · CEO: +20.02023 Q3 · CEO: +15.42023 Q4 · CEO: +23.72024 Q1 · CEO: +18.42024 Q2 · CEO: +16.42024 Q3 · CEO: +22.92024 Q4 · CEO: +21.42025 Q1 · CEO: +13.62014 Q1 · CFO: +4.42014 Q2 · CFO: +4.82014 Q3 · CFO: +12.92014 Q4 · CFO: +14.62015 Q1 · CFO: +20.82015 Q2 · CFO: +16.52015 Q3 · CFO: +11.32016 Q1 · CFO: +13.62016 Q2 · CFO: +5.92016 Q3 · CFO: +4.22016 Q4 · CFO: +12.12017 Q1 · CFO: +1.02017 Q2 · CFO: +11.22017 Q3 · CFO: +13.82017 Q4 · CFO: +15.82018 Q1 · CFO: +13.02018 Q2 · CFO: +17.52018 Q3 · CFO: +19.82018 Q4 · CFO: +12.22019 Q1 · CFO: +26.42019 Q2 · CFO: +24.12019 Q3 · CFO: +16.92019 Q4 · CFO: +17.82020 Q1 · CFO: +9.12020 Q2 · CFO: +24.12020 Q3 · CFO: +27.32020 Q4 · CFO: +13.02021 Q1 · CFO: +23.42021 Q2 · CFO: +23.42021 Q4 · CFO: +26.22022 Q1 · CFO: +14.72022 Q2 · CFO: +13.02022 Q3 · CFO: +16.62022 Q4 · CFO: +16.52023 Q1 · CFO: +14.62023 Q2 · CFO: +19.92023 Q3 · CFO: +10.12023 Q4 · CFO: +9.82024 Q1 · CFO: +4.42024 Q2 · CFO: +17.42024 Q3 · CFO: +17.62024 Q4 · CFO: +23.12025 Q1 · CFO: +1.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-33-17+0+17+332014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · Prepared remarks: +11.72014 Q2 · Prepared remarks: +7.42014 Q3 · Prepared remarks: +16.62014 Q4 · Prepared remarks: +11.12015 Q1 · Prepared remarks: +23.02015 Q2 · Prepared remarks: +9.32015 Q3 · Prepared remarks: +15.62015 Q4 · Prepared remarks: +8.92016 Q1 · Prepared remarks: +20.02016 Q2 · Prepared remarks: +7.12016 Q3 · Prepared remarks: +8.22016 Q4 · Prepared remarks: +14.12017 Q1 · Prepared remarks: +11.32017 Q2 · Prepared remarks: +22.32017 Q3 · Prepared remarks: +19.12017 Q4 · Prepared remarks: +20.62018 Q1 · Prepared remarks: +19.82018 Q2 · Prepared remarks: +20.12018 Q3 · Prepared remarks: +24.32018 Q4 · Prepared remarks: +21.42019 Q1 · Prepared remarks: +25.72019 Q2 · Prepared remarks: +20.02019 Q3 · Prepared remarks: +26.22019 Q4 · Prepared remarks: +18.92020 Q1 · Prepared remarks: +8.82020 Q2 · Prepared remarks: +18.12020 Q3 · Prepared remarks: +19.12020 Q4 · Prepared remarks: +13.72021 Q1 · Prepared remarks: +24.02021 Q2 · Prepared remarks: +22.32021 Q3 · Prepared remarks: +19.62021 Q4 · Prepared remarks: +17.72022 Q1 · Prepared remarks: +21.62022 Q2 · Prepared remarks: +22.22022 Q3 · Prepared remarks: +17.02022 Q4 · Prepared remarks: +19.72023 Q1 · Prepared remarks: +20.52023 Q2 · Prepared remarks: +19.72023 Q3 · Prepared remarks: +11.72023 Q4 · Prepared remarks: +19.32024 Q1 · Prepared remarks: +22.52024 Q2 · Prepared remarks: +20.12024 Q3 · Prepared remarks: +23.02024 Q4 · Prepared remarks: +22.72025 Q1 · Prepared remarks: +7.12014 Q1 · Q&A responses: +2.02014 Q2 · Q&A responses: +8.42014 Q3 · Q&A responses: +5.72015 Q1 · Q&A responses: +9.92015 Q3 · Q&A responses: +11.02015 Q4 · Q&A responses: +9.52016 Q1 · Q&A responses: +10.52016 Q2 · Q&A responses: +5.62016 Q3 · Q&A responses: +5.02016 Q4 · Q&A responses: +8.12017 Q1 · Q&A responses: +3.52017 Q2 · Q&A responses: +10.22017 Q3 · Q&A responses: +11.42017 Q4 · Q&A responses: +13.82018 Q1 · Q&A responses: +11.62018 Q2 · Q&A responses: +13.02018 Q3 · Q&A responses: +14.82018 Q4 · Q&A responses: +9.32019 Q1 · Q&A responses: +16.42019 Q2 · Q&A responses: +29.12019 Q3 · Q&A responses: +9.12020 Q1 · Q&A responses: +5.92020 Q2 · Q&A responses: +14.42020 Q4 · Q&A responses: +13.82021 Q1 · Q&A responses: +16.32021 Q2 · Q&A responses: +14.52021 Q3 · Q&A responses: +13.82022 Q1 · Q&A responses: +10.02022 Q2 · Q&A responses: +11.22022 Q3 · Q&A responses: +14.72022 Q4 · Q&A responses: +13.82023 Q1 · Q&A responses: +14.12023 Q2 · Q&A responses: +18.52023 Q3 · Q&A responses: +13.62023 Q4 · Q&A responses: +12.62024 Q1 · Q&A responses: +9.42024 Q2 · Q&A responses: +11.52024 Q3 · Q&A responses: +17.02024 Q4 · Q&A responses: +17.2
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

$0.41$1.38$2.342014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1: $0.552014 Q2: $0.572014 Q3: $0.572014 Q4: $0.602015 Q1: $0.642015 Q2: $0.662015 Q3: $0.692015 Q4: $0.722016 Q1: $0.722016 Q2: $0.752016 Q3: $0.712016 Q4: $0.702017 Q1: $0.722017 Q2: $0.722017 Q3: $0.712017 Q4: $0.712018 Q1: $0.842018 Q2: $0.862018 Q3: $0.902018 Q4: $0.942019 Q1: $0.972019 Q2: $1.002019 Q3: $1.032019 Q4: $1.052020 Q1: $1.032020 Q2: $1.112020 Q3: $1.262020 Q4: $1.292021 Q1: $1.372021 Q2: $1.512021 Q3: $1.622021 Q4: $1.742022 Q1: $1.932022 Q2: $2.002022 Q3: $2.052022 Q4: $2.102023 Q1: $2.162023 Q2: $2.212023 Q3: $2.202023 Q4: $2.082024 Q1: $2.102024 Q2: $2.182024 Q3: $2.202024 Q4: $2.21

Forward P/E

12.9720.9228.862014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1: 26.972014 Q2: 22.812014 Q3: 21.322014 Q4: 25.462015 Q1: 27.762015 Q2: 27.712015 Q3: 25.512015 Q4: 24.612016 Q1: 24.982016 Q2: 24.712016 Q3: 19.422016 Q4: 21.452017 Q1: 20.062017 Q2: 15.552017 Q3: 17.692017 Q4: 19.242018 Q1: 14.942018 Q2: 17.512018 Q3: 19.822018 Q4: 18.302019 Q1: 18.962019 Q2: 21.162019 Q3: 18.212019 Q4: 17.772020 Q1: 14.072020 Q2: 22.472020 Q3: 22.002020 Q4: 22.292021 Q1: 24.622021 Q2: 23.572021 Q3: 25.342021 Q4: 27.242022 Q1: 23.602022 Q2: 19.662022 Q3: 18.482022 Q4: 20.552023 Q1: 21.472023 Q2: 19.782023 Q3: 19.622023 Q4: 21.182024 Q1: 24.182024 Q2: 26.592024 Q3: 25.042024 Q4: 24.09

Divergence watch ⚑

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

  • 2015 Q1 tone ↓ -2.8 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -7.2 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -6.9 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -4.4 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -4.8 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -7.3 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -3.1 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -5.5 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +4.8 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+6.6——View →
2024 Q42025-01-30+17.4$2.2124.1View →
2024 Q32024-10-24+17.9$2.2025.0View →
2024 Q22024-07-25+12.8$2.1826.6View →
2024 Q12024-04-25+5.0$2.1024.2View →
2023 Q42024-02-01+14.1$2.0821.2View →
2023 Q32023-10-26+9.2$2.2019.6View →
2023 Q22023-07-27+15.9$2.2119.8View →