Subtext

Universal Health Services, Inc. UHS

SectorHealth Care
Transcripts45
Date range2014-04-25 – 2025-04-29
Calls charted45

Sentiment timeline

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

-16-8+0+8+162014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · Overall: -3.22014 Q2 · Overall: +5.62014 Q3 · Overall: +7.02014 Q4 · Overall: +0.92015 Q1 · Overall: +0.62015 Q2 · Overall: +3.42015 Q3 · Overall: -0.62015 Q4 · Overall: -2.62016 Q1 · Overall: +6.02016 Q2 · Overall: -4.92016 Q3 · Overall: +3.72016 Q4 · Overall: -1.22017 Q1 · Overall: -4.82017 Q2 · Overall: -4.62017 Q3 · Overall: -5.42017 Q4 · Overall: +0.02018 Q1 · Overall: -2.32018 Q2 · Overall: -1.82018 Q3 · Overall: +1.42018 Q4 · Overall: -1.32019 Q1 · Overall: -5.32019 Q2 · Overall: -2.22019 Q3 · Overall: -6.72019 Q4 · Overall: -3.32020 Q1 · Overall: -13.62020 Q2 · Overall: -12.42020 Q3 · Overall: -7.62020 Q4 · Overall: -9.82021 Q1 · Overall: -5.22021 Q2 · Overall: -5.12021 Q3 · Overall: -3.62021 Q4 · Overall: +1.72022 Q1 · Overall: -5.72022 Q2 · Overall: -6.22022 Q3 · Overall: -1.62022 Q4 · Overall: -3.82023 Q1 · Overall: +2.42023 Q2 · Overall: -0.12023 Q3 · Overall: -4.02023 Q4 · Overall: +1.62024 Q1 · Overall: -4.32024 Q2 · Overall: +1.62024 Q3 · Overall: -0.72024 Q4 · Overall: -3.62025 Q1 · Overall: -4.7
Overall

CEO vs CFO

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

-105-52+0+52+1052014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q2 · CEO: +23.42014 Q4 · CEO: +5.92015 Q1 · CEO: +0.02015 Q2 · CEO: +10.42015 Q3 · CEO: +7.12015 Q4 · CEO: +2.92016 Q2 · CEO: +55.92016 Q3 · CEO: +26.12017 Q1 · CEO: +4.22017 Q3 · CEO: -4.62017 Q4 · CEO: +25.62018 Q1 · CEO: +27.02018 Q3 · CEO: +0.02018 Q4 · CEO: -18.42019 Q2 · CEO: -90.92020 Q1 · CEO: -13.02020 Q2 · CEO: -7.62022 Q3 · CEO: +1.22023 Q1 · CEO: +13.42023 Q2 · CEO: +7.02023 Q3 · CEO: +12.12024 Q2 · CEO: +23.42025 Q1 · CEO: +15.92014 Q1 · CFO: -0.22014 Q2 · CFO: +7.72014 Q3 · CFO: +8.52014 Q4 · CFO: +2.62015 Q1 · CFO: +3.22015 Q2 · CFO: +0.82015 Q3 · CFO: +0.42016 Q3 · CFO: +2.22016 Q4 · CFO: +0.22017 Q1 · CFO: -1.92017 Q3 · CFO: -3.72018 Q3 · CFO: +2.22018 Q4 · CFO: -0.32019 Q3 · CFO: -7.82019 Q4 · CFO: -1.82020 Q4 · CFO: -11.92021 Q2 · CFO: -3.82022 Q2 · CFO: -6.62022 Q3 · CFO: -2.72023 Q1 · CFO: -0.82023 Q2 · CFO: +0.52023 Q3 · CFO: -3.72023 Q4 · CFO: +0.02024 Q2 · CFO: +3.62024 Q3 · CFO: +1.12024 Q4 · CFO: -1.62025 Q1 · CFO: -4.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-49-24+0+24+492014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · Prepared remarks: -4.22014 Q2 · Prepared remarks: -2.72014 Q3 · Prepared remarks: +0.02014 Q4 · Prepared remarks: -1.32015 Q1 · Prepared remarks: +0.02015 Q2 · Prepared remarks: -1.52015 Q3 · Prepared remarks: -1.22015 Q4 · Prepared remarks: -4.42016 Q1 · Prepared remarks: -1.82016 Q2 · Prepared remarks: -5.22016 Q3 · Prepared remarks: +0.02016 Q4 · Prepared remarks: +0.02017 Q1 · Prepared remarks: -2.32017 Q2 · Prepared remarks: -4.72017 Q3 · Prepared remarks: -15.52017 Q4 · Prepared remarks: +0.02018 Q1 · Prepared remarks: -2.72018 Q2 · Prepared remarks: -1.72018 Q3 · Prepared remarks: -2.82018 Q4 · Prepared remarks: -2.92019 Q1 · Prepared remarks: -3.52019 Q2 · Prepared remarks: -4.82019 Q3 · Prepared remarks: -7.02019 Q4 · Prepared remarks: -5.22020 Q1 · Prepared remarks: -42.42020 Q2 · Prepared remarks: -19.82020 Q3 · Prepared remarks: -16.12020 Q4 · Prepared remarks: -19.72021 Q1 · Prepared remarks: -19.52021 Q2 · Prepared remarks: -3.22021 Q3 · Prepared remarks: -1.42021 Q4 · Prepared remarks: -9.92022 Q1 · Prepared remarks: -9.02022 Q2 · Prepared remarks: -9.42022 Q3 · Prepared remarks: +0.02022 Q4 · Prepared remarks: -5.52023 Q1 · Prepared remarks: -6.32023 Q2 · Prepared remarks: +1.02023 Q3 · Prepared remarks: +0.02023 Q4 · Prepared remarks: +6.02024 Q1 · Prepared remarks: +5.32024 Q2 · Prepared remarks: +1.32024 Q3 · Prepared remarks: +4.62024 Q4 · Prepared remarks: +5.52025 Q1 · Prepared remarks: +1.32014 Q1 · Q&A responses: +0.62014 Q2 · Q&A responses: +10.12014 Q3 · Q&A responses: +10.32014 Q4 · Q&A responses: +3.72015 Q1 · Q&A responses: +3.12015 Q2 · Q&A responses: +4.62015 Q3 · Q&A responses: +1.72015 Q4 · Q&A responses: -1.82016 Q1 · Q&A responses: +9.12016 Q2 · Q&A responses: -2.42016 Q3 · Q&A responses: +3.02016 Q4 · Q&A responses: +0.22017 Q1 · Q&A responses: -0.82017 Q2 · Q&A responses: -3.22017 Q3 · Q&A responses: -1.92017 Q4 · Q&A responses: +2.02018 Q1 · Q&A responses: +0.42018 Q2 · Q&A responses: -1.42018 Q3 · Q&A responses: +2.72018 Q4 · Q&A responses: -1.42019 Q1 · Q&A responses: -4.52019 Q2 · Q&A responses: +0.02019 Q3 · Q&A responses: -5.32019 Q4 · Q&A responses: -0.52020 Q1 · Q&A responses: -9.82020 Q2 · Q&A responses: -10.22020 Q3 · Q&A responses: -5.12020 Q4 · Q&A responses: -9.52021 Q1 · Q&A responses: -2.62021 Q2 · Q&A responses: -4.02021 Q3 · Q&A responses: -4.22021 Q4 · Q&A responses: +3.52022 Q1 · Q&A responses: -2.72022 Q2 · Q&A responses: -6.52022 Q3 · Q&A responses: -2.82022 Q4 · Q&A responses: -1.62023 Q1 · Q&A responses: +5.02023 Q2 · Q&A responses: +0.72023 Q3 · Q&A responses: -3.52023 Q4 · Q&A responses: +0.82024 Q1 · Q&A responses: -6.72024 Q2 · Q&A responses: +6.12024 Q3 · Q&A responses: +0.42024 Q4 · Q&A responses: -2.82025 Q1 · Q&A responses: -4.0
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

$4.19$11.18$18.162014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1: $5.162014 Q2: $5.412014 Q3: $6.172014 Q4: $6.422015 Q1: $6.562015 Q2: $6.842015 Q3: $7.372015 Q4: $7.422016 Q1: $7.542016 Q2: $7.842016 Q3: $8.022016 Q4: $8.052017 Q1: $8.202017 Q2: $8.352017 Q3: $8.232017 Q4: $7.982018 Q1: $9.762018 Q2: $9.892018 Q3: $10.082018 Q4: $10.042019 Q1: $10.232019 Q2: $10.362019 Q3: $10.842019 Q4: $10.762020 Q1: $10.932020 Q2: $8.662020 Q3: $10.282020 Q4: $10.792021 Q1: $11.002021 Q2: $11.572021 Q3: $12.562021 Q4: $12.262022 Q1: $12.812022 Q2: $12.532022 Q3: $11.212022 Q4: $10.822023 Q1: $10.322023 Q2: $10.792023 Q3: $11.182023 Q4: $11.662024 Q1: $13.792024 Q2: $14.522024 Q3: $17.20

Forward P/E

5.1512.6920.232014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1: 14.912014 Q2: 17.622014 Q3: 18.102014 Q4: 16.452015 Q1: 17.872015 Q2: 19.192015 Q3: 18.502015 Q4: 15.732016 Q1: 15.092016 Q2: 16.852016 Q3: 15.042016 Q4: 12.612017 Q1: 14.822017 Q2: 14.002017 Q3: 13.552017 Q4: 14.272018 Q1: 12.632018 Q2: 11.652018 Q3: 12.512018 Q4: 11.562019 Q1: 12.962019 Q2: 12.092019 Q3: 14.022019 Q4: 13.162020 Q1: 6.192020 Q2: 11.182020 Q3: 11.822020 Q4: 12.762021 Q1: 12.622021 Q2: 13.322021 Q3: 11.652021 Q4: 10.562022 Q1: 11.692022 Q2: 8.422022 Q3: 8.692022 Q4: 12.092023 Q1: 11.402023 Q2: 13.552023 Q3: 11.312023 Q4: 12.812024 Q1: 12.642024 Q2: 13.122024 Q3: 13.64

Divergence watch ⚑

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

  • 2014 Q4 tone ↓ -6.1 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -4.0 fwd EPS ↑ +0.53 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -10.9 fwd EPS ↑ +0.30 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -3.6 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↑ +5.4 fwd EPS ↓ -0.25 Tone rose while the forward EPS estimate was cut.
  • 2018 Q1 tone ↓ -2.3 fwd EPS ↑ +1.78 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -4.0 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -4.5 fwd EPS ↑ +0.48 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -10.3 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -2.2 fwd EPS ↑ +0.51 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↑ +5.3 fwd EPS ↓ -0.30 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↓ -7.4 fwd EPS ↑ +0.55 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +4.6 fwd EPS ↓ -1.31 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↑ +6.2 fwd EPS ↓ -0.50 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -2.5 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -3.9 fwd EPS ↑ +0.39 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -6.0 fwd EPS ↑ +2.13 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -2.3 fwd EPS ↑ +2.68 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29-4.7——View →
2024 Q42025-02-27-3.6——View →
2024 Q32024-10-25-0.7$17.2013.6View →
2024 Q22024-07-25+1.6$14.5213.1View →
2024 Q12024-04-25-4.3$13.7912.6View →
2023 Q42024-02-28+1.6$11.6612.8View →
2023 Q32023-10-26-4.0$11.1811.3View →
2023 Q22023-07-26-0.1$10.7913.6View →