Subtext

Verizon Communications Inc. VZ

SectorCommunication Services
Transcripts78
Date range2006-01-30 – 2025-04-22
Calls charted77

Sentiment timeline

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

-23-11+0+11+232005 Q42008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32005 Q4 · Overall: +15.32006 Q1 · Overall: +7.52006 Q2 · Overall: +13.12006 Q3 · Overall: +14.32006 Q4 · Overall: +11.92007 Q2 · Overall: +8.82007 Q3 · Overall: +9.72007 Q4 · Overall: +10.62008 Q1 · Overall: +8.22008 Q2 · Overall: +10.62008 Q3 · Overall: +9.82008 Q4 · Overall: +7.02009 Q1 · Overall: +10.02009 Q2 · Overall: +13.32009 Q3 · Overall: +14.82009 Q4 · Overall: +15.32010 Q1 · Overall: +14.72010 Q2 · Overall: +12.32010 Q3 · Overall: +18.62010 Q4 · Overall: +10.42011 Q1 · Overall: +9.12011 Q2 · Overall: +15.62011 Q3 · Overall: +6.92011 Q4 · Overall: +16.62012 Q1 · Overall: +8.22012 Q2 · Overall: +8.82012 Q3 · Overall: +6.62013 Q1 · Overall: +10.82013 Q2 · Overall: +9.92013 Q3 · Overall: +6.72013 Q4 · Overall: +8.22014 Q1 · Overall: +7.02014 Q2 · Overall: +12.22014 Q3 · Overall: +7.72014 Q4 · Overall: +8.42015 Q1 · Overall: +9.92015 Q2 · Overall: +5.82015 Q3 · Overall: +6.22015 Q4 · Overall: +8.62016 Q1 · Overall: +5.42016 Q2 · Overall: +5.12016 Q3 · Overall: +2.82016 Q4 · Overall: +10.12017 Q1 · Overall: +5.22017 Q2 · Overall: +6.12017 Q3 · Overall: +5.42017 Q4 · Overall: +7.72018 Q1 · Overall: +10.72018 Q2 · Overall: +16.02018 Q3 · Overall: +13.32018 Q4 · Overall: +12.32019 Q1 · Overall: +10.52019 Q2 · Overall: +9.42019 Q3 · Overall: +15.92019 Q4 · Overall: +11.32020 Q1 · Overall: +1.32020 Q2 · Overall: +6.92020 Q3 · Overall: +13.52020 Q4 · Overall: +11.92021 Q1 · Overall: +20.02021 Q2 · Overall: +15.72021 Q3 · Overall: +15.92021 Q4 · Overall: +16.02022 Q1 · Overall: +10.02022 Q2 · Overall: +9.02022 Q3 · Overall: +11.92022 Q4 · Overall: +11.32023 Q1 · Overall: +14.62023 Q2 · Overall: +13.82023 Q3 · Overall: +15.52023 Q4 · Overall: +16.52024 Q1 · Overall: +14.82024 Q2 · Overall: +18.02024 Q3 · Overall: +15.42024 Q4 · Overall: +13.12025 Q1 · Overall: +12.8
Overall

CEO vs CFO

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

-44-22+0+22+442005 Q42008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32005 Q4 · CEO: +29.72006 Q1 · CEO: +13.42006 Q2 · CEO: +15.22006 Q3 · CEO: +14.32006 Q4 · CEO: +16.02007 Q2 · CEO: +7.62007 Q4 · CEO: +38.12008 Q3 · CEO: +5.52008 Q4 · CEO: +18.62009 Q3 · CEO: +11.12009 Q4 · CEO: +19.72010 Q4 · CEO: +4.12017 Q4 · CEO: +13.02018 Q2 · CEO: +20.02018 Q4 · CEO: +20.52019 Q1 · CEO: +24.52019 Q2 · CEO: +13.82019 Q3 · CEO: +24.02019 Q4 · CEO: +17.92020 Q1 · CEO: +10.72020 Q2 · CEO: +16.12020 Q3 · CEO: +16.02020 Q4 · CEO: +19.62021 Q1 · CEO: +22.42021 Q2 · CEO: +24.72021 Q3 · CEO: +18.72021 Q4 · CEO: +20.82022 Q1 · CEO: +17.02022 Q2 · CEO: +16.82022 Q3 · CEO: +17.52022 Q4 · CEO: +16.72023 Q1 · CEO: +22.62023 Q2 · CEO: +22.32023 Q3 · CEO: +18.02023 Q4 · CEO: +21.02024 Q1 · CEO: +21.62024 Q2 · CEO: +26.22024 Q4 · CEO: +15.62025 Q1 · CEO: +16.62005 Q4 · CFO: +23.22006 Q1 · CFO: +11.82006 Q2 · CFO: +19.82006 Q3 · CFO: +17.22006 Q4 · CFO: +15.92007 Q2 · CFO: +18.02007 Q3 · CFO: +15.92007 Q4 · CFO: +21.52008 Q1 · CFO: +14.82008 Q2 · CFO: +18.12008 Q3 · CFO: +20.72008 Q4 · CFO: +9.52009 Q1 · CFO: +16.42009 Q2 · CFO: +15.92009 Q3 · CFO: +23.32009 Q4 · CFO: +25.42010 Q1 · CFO: +19.22010 Q2 · CFO: +14.02010 Q3 · CFO: +24.12010 Q4 · CFO: +12.22011 Q1 · CFO: +13.42011 Q2 · CFO: +19.22011 Q3 · CFO: +10.62011 Q4 · CFO: +19.52012 Q1 · CFO: +11.12012 Q2 · CFO: +16.22012 Q3 · CFO: +12.32013 Q1 · CFO: +13.92013 Q2 · CFO: +13.12013 Q3 · CFO: +10.52013 Q4 · CFO: +13.42014 Q1 · CFO: +10.52014 Q2 · CFO: +15.42014 Q3 · CFO: +11.42014 Q4 · CFO: +14.22015 Q1 · CFO: +16.02015 Q3 · CFO: +11.42015 Q4 · CFO: +13.92016 Q3 · CFO: +7.02016 Q4 · CFO: +12.52017 Q1 · CFO: +12.62017 Q2 · CFO: +12.62017 Q3 · CFO: +12.72017 Q4 · CFO: +7.12018 Q1 · CFO: +18.32018 Q2 · CFO: +16.12018 Q3 · CFO: +19.32018 Q4 · CFO: +14.32019 Q1 · CFO: +11.52019 Q2 · CFO: +14.72019 Q3 · CFO: +13.82019 Q4 · CFO: +12.82020 Q1 · CFO: -2.12020 Q2 · CFO: +6.72020 Q3 · CFO: +21.22020 Q4 · CFO: +13.22021 Q1 · CFO: +28.22021 Q2 · CFO: +16.42021 Q3 · CFO: +23.92021 Q4 · CFO: +22.62022 Q1 · CFO: +12.42022 Q2 · CFO: +4.52022 Q3 · CFO: +12.62022 Q4 · CFO: +11.62023 Q1 · CFO: +13.22023 Q2 · CFO: +15.42023 Q3 · CFO: +24.92023 Q4 · CFO: +26.32024 Q1 · CFO: +18.42024 Q2 · CFO: +23.42024 Q4 · CFO: +21.42025 Q1 · CFO: +24.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-35-18+0+18+352005 Q42008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32005 Q4 · Prepared remarks: +19.42006 Q1 · Prepared remarks: +12.02006 Q2 · Prepared remarks: +21.32006 Q3 · Prepared remarks: +18.52006 Q4 · Prepared remarks: +16.52007 Q2 · Prepared remarks: +17.62007 Q3 · Prepared remarks: +18.32007 Q4 · Prepared remarks: +23.42008 Q1 · Prepared remarks: +20.82008 Q2 · Prepared remarks: +19.72008 Q3 · Prepared remarks: +16.02008 Q4 · Prepared remarks: +14.52009 Q1 · Prepared remarks: +17.22009 Q2 · Prepared remarks: +20.32009 Q3 · Prepared remarks: +21.02009 Q4 · Prepared remarks: +13.32010 Q1 · Prepared remarks: +16.72010 Q2 · Prepared remarks: +12.42010 Q3 · Prepared remarks: +25.62010 Q4 · Prepared remarks: +10.72011 Q1 · Prepared remarks: +21.72011 Q2 · Prepared remarks: +30.82011 Q3 · Prepared remarks: +13.72011 Q4 · Prepared remarks: +25.12012 Q1 · Prepared remarks: +17.12012 Q2 · Prepared remarks: +19.72012 Q3 · Prepared remarks: +19.12013 Q1 · Prepared remarks: +26.42013 Q2 · Prepared remarks: +25.72013 Q3 · Prepared remarks: +19.82013 Q4 · Prepared remarks: +24.32014 Q1 · Prepared remarks: +15.32014 Q2 · Prepared remarks: +23.82014 Q3 · Prepared remarks: +18.42014 Q4 · Prepared remarks: +20.62015 Q1 · Prepared remarks: +21.22015 Q2 · Prepared remarks: +15.12015 Q3 · Prepared remarks: +17.82015 Q4 · Prepared remarks: +18.72016 Q1 · Prepared remarks: +16.02016 Q2 · Prepared remarks: +10.22016 Q3 · Prepared remarks: +6.22016 Q4 · Prepared remarks: +15.12017 Q1 · Prepared remarks: +10.82017 Q2 · Prepared remarks: +9.52017 Q3 · Prepared remarks: +14.02017 Q4 · Prepared remarks: +14.42018 Q1 · Prepared remarks: +21.02018 Q2 · Prepared remarks: +21.22018 Q3 · Prepared remarks: +16.52018 Q4 · Prepared remarks: +18.52019 Q1 · Prepared remarks: +20.62019 Q2 · Prepared remarks: +8.62019 Q3 · Prepared remarks: +16.52019 Q4 · Prepared remarks: +15.02020 Q1 · Prepared remarks: +1.72020 Q2 · Prepared remarks: +9.72020 Q3 · Prepared remarks: +17.92020 Q4 · Prepared remarks: +16.02021 Q1 · Prepared remarks: +26.62021 Q2 · Prepared remarks: +26.12021 Q3 · Prepared remarks: +23.12021 Q4 · Prepared remarks: +23.42022 Q1 · Prepared remarks: +16.02022 Q2 · Prepared remarks: +9.72022 Q3 · Prepared remarks: +17.92022 Q4 · Prepared remarks: +23.12023 Q1 · Prepared remarks: +24.72023 Q2 · Prepared remarks: +19.42023 Q3 · Prepared remarks: +27.22023 Q4 · Prepared remarks: +26.92024 Q1 · Prepared remarks: +22.42024 Q2 · Prepared remarks: +25.02024 Q3 · Prepared remarks: +15.62024 Q4 · Prepared remarks: +16.12025 Q1 · Prepared remarks: +22.22005 Q4 · Q&A responses: +10.52006 Q1 · Q&A responses: +8.42006 Q2 · Q&A responses: +9.22006 Q3 · Q&A responses: +12.32006 Q4 · Q&A responses: +13.72007 Q2 · Q&A responses: +6.82007 Q3 · Q&A responses: +6.22007 Q4 · Q&A responses: +7.42008 Q1 · Q&A responses: +3.42008 Q2 · Q&A responses: +9.62008 Q3 · Q&A responses: +5.82008 Q4 · Q&A responses: +2.92009 Q1 · Q&A responses: +7.82009 Q2 · Q&A responses: +13.52009 Q3 · Q&A responses: +17.02009 Q4 · Q&A responses: +21.72010 Q1 · Q&A responses: +20.22010 Q2 · Q&A responses: +15.92010 Q3 · Q&A responses: +19.92011 Q1 · Q&A responses: +2.72011 Q2 · Q&A responses: +4.12011 Q3 · Q&A responses: +5.62011 Q4 · Q&A responses: +11.52012 Q1 · Q&A responses: +6.02012 Q2 · Q&A responses: +4.82012 Q3 · Q&A responses: -1.92013 Q1 · Q&A responses: +4.42013 Q2 · Q&A responses: +5.72013 Q3 · Q&A responses: +2.42013 Q4 · Q&A responses: +0.92014 Q1 · Q&A responses: +6.32014 Q2 · Q&A responses: +8.52014 Q3 · Q&A responses: +7.22014 Q4 · Q&A responses: +1.82015 Q1 · Q&A responses: +6.42015 Q2 · Q&A responses: +4.82015 Q3 · Q&A responses: +1.62015 Q4 · Q&A responses: +5.02016 Q1 · Q&A responses: +2.42016 Q2 · Q&A responses: +3.72016 Q3 · Q&A responses: +3.52016 Q4 · Q&A responses: +10.52017 Q1 · Q&A responses: +11.62017 Q2 · Q&A responses: +10.22017 Q3 · Q&A responses: +7.52017 Q4 · Q&A responses: +5.72018 Q1 · Q&A responses: +9.82018 Q2 · Q&A responses: +17.12018 Q3 · Q&A responses: +21.02018 Q4 · Q&A responses: +13.12019 Q1 · Q&A responses: +5.92019 Q2 · Q&A responses: +14.12019 Q3 · Q&A responses: +20.12019 Q4 · Q&A responses: +12.12020 Q1 · Q&A responses: +4.22020 Q2 · Q&A responses: +10.22020 Q3 · Q&A responses: +15.22020 Q4 · Q&A responses: +13.32021 Q1 · Q&A responses: +21.72021 Q2 · Q&A responses: +14.22021 Q3 · Q&A responses: +16.42021 Q4 · Q&A responses: +17.32022 Q1 · Q&A responses: +10.52022 Q2 · Q&A responses: +10.32022 Q3 · Q&A responses: +10.82022 Q4 · Q&A responses: +8.32023 Q1 · Q&A responses: +12.92023 Q2 · Q&A responses: +15.82023 Q3 · Q&A responses: +11.82023 Q4 · Q&A responses: +13.72024 Q1 · Q&A responses: +15.62024 Q2 · Q&A responses: +21.82024 Q4 · Q&A responses: +15.12025 Q1 · Q&A responses: +12.8
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

$3.43$4.54$5.652005 Q42008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: $3.582014 Q2: $3.692014 Q3: $3.802014 Q4: $3.742015 Q1: $3.712015 Q2: $3.912015 Q3: $4.012015 Q4: $3.992016 Q1: $4.012016 Q2: $3.982016 Q3: $4.002016 Q4: $4.002017 Q1: $3.882017 Q2: $3.782017 Q3: $3.822017 Q4: $3.892018 Q1: $4.582018 Q2: $4.632018 Q3: $4.732018 Q4: $4.712019 Q1: $4.692019 Q2: $4.802019 Q3: $4.872019 Q4: $4.952020 Q1: $4.992020 Q2: $4.822020 Q3: $4.892020 Q4: $5.012021 Q1: $5.102021 Q2: $5.122021 Q3: $5.362021 Q4: $5.402022 Q1: $5.502022 Q2: $5.492022 Q3: $5.242022 Q4: $5.052023 Q1: $4.712023 Q2: $4.692023 Q3: $4.712023 Q4: $4.622024 Q1: $4.612024 Q2: $4.652024 Q3: $4.662024 Q4: $4.73

Forward P/E

6.6910.4014.112005 Q42008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: 12.942014 Q2: 13.372014 Q3: 12.962014 Q4: 12.422015 Q1: 13.342015 Q2: 12.092015 Q3: 11.532015 Q4: 11.662016 Q1: 13.282016 Q2: 13.292016 Q3: 12.892016 Q4: 12.912017 Q1: 12.942017 Q2: 12.352017 Q3: 12.382017 Q4: 13.602018 Q1: 10.582018 Q2: 10.242018 Q3: 11.322018 Q4: 11.862019 Q1: 12.292019 Q2: 12.012019 Q3: 12.312019 Q4: 12.292020 Q1: 10.892020 Q2: 11.752020 Q3: 12.352020 Q4: 11.962021 Q1: 10.932021 Q2: 11.052021 Q3: 10.192021 Q4: 9.362022 Q1: 9.542022 Q2: 8.962022 Q3: 7.882022 Q4: 7.422023 Q1: 7.872023 Q2: 7.622023 Q3: 7.202023 Q4: 8.012024 Q1: 8.732024 Q2: 8.622024 Q3: 9.422024 Q4: 8.51

Divergence watch ⚑

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

  • 2014 Q3 tone ↓ -4.6 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -4.1 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -2.7 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -4.6 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +5.6 fwd EPS ↓ -0.17 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↓ -6.0 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +2.9 fwd EPS ↓ -0.25 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↑ +3.2 fwd EPS ↓ -0.34 Tone rose while the forward EPS estimate was cut.
  • 2024 Q4 tone ↓ -2.3 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-22+12.8——View →
2024 Q42025-01-24+13.1$4.738.5View →
2024 Q32024-10-22+15.4$4.669.4View →
2024 Q22024-07-22+18.0$4.658.6View →
2024 Q12024-04-22+14.8$4.618.7View →
2023 Q42024-01-23+16.5$4.628.0View →
2023 Q32023-10-24+15.5$4.717.2View →
2023 Q22023-07-25+13.8$4.697.6View →