Subtext

West Pharmaceutical Services, Inc. WST

SectorHealth Care
Transcripts21
Date range2020-04-23 – 2025-04-24
Calls charted21

Sentiment timeline

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

-15-7+0+7+152020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: +10.62020 Q2 · Overall: +8.12020 Q3 · Overall: +11.82020 Q4 · Overall: +7.82021 Q1 · Overall: +8.32021 Q2 · Overall: +7.92021 Q3 · Overall: +12.82021 Q4 · Overall: +12.12022 Q1 · Overall: +9.62022 Q2 · Overall: +8.82022 Q3 · Overall: +0.72022 Q4 · Overall: +4.12023 Q1 · Overall: +7.72023 Q2 · Overall: +12.62023 Q3 · Overall: -4.82023 Q4 · Overall: +5.72024 Q1 · Overall: +5.52024 Q2 · Overall: +3.62024 Q3 · Overall: +4.92024 Q4 · Overall: +6.02025 Q1 · Overall: +6.4
Overall

CEO vs CFO

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

-22-11+0+11+222020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q3 · CEO: +18.72020 Q4 · CEO: +13.92021 Q3 · CEO: +16.72021 Q4 · CEO: +19.32022 Q1 · CEO: +17.92022 Q2 · CEO: +15.52022 Q3 · CEO: +7.52022 Q4 · CEO: +12.72023 Q1 · CEO: +17.02023 Q2 · CEO: +16.22023 Q3 · CEO: -4.82023 Q4 · CEO: +13.32024 Q2 · CEO: +9.22024 Q3 · CEO: +11.02024 Q4 · CEO: +12.82025 Q1 · CEO: +13.22020 Q1 · CFO: +13.52020 Q2 · CFO: +11.32020 Q3 · CFO: +14.82020 Q4 · CFO: +3.62021 Q3 · CFO: +15.92021 Q4 · CFO: +11.42022 Q1 · CFO: +8.82023 Q2 · CFO: +10.42023 Q3 · CFO: +1.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-42-21+0+21+422020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: +14.62020 Q2 · Prepared remarks: +18.32020 Q3 · Prepared remarks: +19.52020 Q4 · Prepared remarks: +16.62021 Q1 · Prepared remarks: +30.32021 Q2 · Prepared remarks: +27.62021 Q3 · Prepared remarks: +17.42021 Q4 · Prepared remarks: +17.72022 Q1 · Prepared remarks: +19.52022 Q2 · Prepared remarks: +17.62022 Q3 · Prepared remarks: +4.22022 Q4 · Prepared remarks: +7.32023 Q1 · Prepared remarks: +5.42023 Q2 · Prepared remarks: +12.92023 Q3 · Prepared remarks: +1.12023 Q4 · Prepared remarks: +7.12024 Q1 · Prepared remarks: +36.52024 Q2 · Prepared remarks: +4.32024 Q3 · Prepared remarks: +6.22024 Q4 · Prepared remarks: +14.12025 Q1 · Prepared remarks: +12.42020 Q1 · Q&A responses: +11.92020 Q2 · Q&A responses: +1.92020 Q3 · Q&A responses: +11.22020 Q4 · Q&A responses: +10.12021 Q1 · Q&A responses: +11.82021 Q2 · Q&A responses: +11.72021 Q3 · Q&A responses: +12.92021 Q4 · Q&A responses: +13.92022 Q1 · Q&A responses: +7.62022 Q2 · Q&A responses: +6.92022 Q3 · Q&A responses: +3.02022 Q4 · Q&A responses: +7.82023 Q1 · Q&A responses: +13.52023 Q3 · Q&A responses: -5.62023 Q4 · Q&A responses: +10.92024 Q1 · Q&A responses: +14.22024 Q2 · Q&A responses: +6.52024 Q3 · Q&A responses: +8.52024 Q4 · Q&A responses: +10.92025 Q1 · Q&A responses: +9.2
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

$3.14$6.73$10.322020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: $3.642020 Q2: $3.832020 Q3: $4.572020 Q4: $5.122021 Q1: $6.342021 Q2: $7.462021 Q3: $8.652021 Q4: $9.052022 Q1: $9.532022 Q2: $9.822022 Q3: $9.502022 Q4: $7.262023 Q1: $7.652023 Q2: $8.222023 Q3: $8.592023 Q4: $8.792024 Q1: $7.972024 Q2: $8.412024 Q3: $7.48

Forward P/E

26.9445.5664.192020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: 39.452020 Q2: 55.162020 Q3: 61.622020 Q4: 52.272021 Q1: 43.282021 Q2: 46.362021 Q3: 52.302021 Q4: 49.012022 Q1: 41.642022 Q2: 29.512022 Q3: 30.612022 Q4: 33.552023 Q1: 42.572023 Q2: 43.152023 Q3: 46.042023 Q4: 40.922024 Q1: 48.402024 Q2: 38.302024 Q3: 41.35

Divergence watch ⚑

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

  • 2020 Q2 tone ↓ -2.5 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -4.0 fwd EPS ↑ +0.55 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -2.4 fwd EPS ↑ +0.48 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +3.4 fwd EPS ↓ -2.24 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -17.3 fwd EPS ↑ +0.37 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+6.4——View →
2024 Q42025-02-13+6.0——View →
2024 Q32024-10-24+4.9$7.4841.4View →
2024 Q22024-07-25+3.6$8.4138.3View →
2024 Q12024-04-25+5.5$7.9748.4View →
2023 Q42024-02-15+5.7$8.7940.9View →
2023 Q32023-11-10-4.8$8.5946.0View →
2023 Q22023-07-27+12.6$8.2243.1View →