Subtext

Zebra Technologies Corporation ZBRA

SectorInformation Technology
Transcripts25
Date range2019-04-30 – 2025-04-29
Calls charted25

Sentiment timeline

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

-22-11+0+11+222019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1 · Overall: +19.42019 Q2 · Overall: +19.42019 Q3 · Overall: +17.32019 Q4 · Overall: +12.72020 Q1 · Overall: -3.52020 Q2 · Overall: +7.32020 Q3 · Overall: +7.52020 Q4 · Overall: +10.62021 Q1 · Overall: +17.72021 Q2 · Overall: +17.52021 Q3 · Overall: +14.72021 Q4 · Overall: +14.92022 Q1 · Overall: +14.82022 Q2 · Overall: +12.92022 Q3 · Overall: +4.82022 Q4 · Overall: +16.22023 Q1 · Overall: +9.62023 Q2 · Overall: -1.42023 Q3 · Overall: +5.42023 Q4 · Overall: +12.52024 Q1 · Overall: +0.32024 Q2 · Overall: +12.62024 Q3 · Overall: +15.22024 Q4 · Overall: +15.12025 Q1 · Overall: +14.0
Overall

CEO vs CFO

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

-36-18+0+18+362019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1 · CEO: +29.22019 Q2 · CEO: +30.32019 Q3 · CEO: +30.72019 Q4 · CEO: +23.82020 Q1 · CEO: -1.42020 Q2 · CEO: +11.42021 Q3 · CEO: +20.22021 Q4 · CEO: +24.32022 Q1 · CEO: +22.12022 Q2 · CEO: +21.02022 Q3 · CEO: +8.32022 Q4 · CEO: +31.42023 Q1 · CEO: +19.72023 Q2 · CEO: +3.22023 Q3 · CEO: +17.62023 Q4 · CEO: +23.42024 Q2 · CEO: +16.62024 Q3 · CEO: +23.82024 Q4 · CEO: +20.42025 Q1 · CEO: +27.02019 Q1 · CFO: +23.02019 Q2 · CFO: +19.82019 Q3 · CFO: +15.12019 Q4 · CFO: +8.62020 Q1 · CFO: -2.52020 Q2 · CFO: +6.92021 Q3 · CFO: +22.12021 Q4 · CFO: +13.42022 Q1 · CFO: +6.72022 Q2 · CFO: +14.12022 Q3 · CFO: +5.32022 Q4 · CFO: +10.82023 Q1 · CFO: +8.22023 Q2 · CFO: -4.52023 Q3 · CFO: -7.42023 Q4 · CFO: +10.02024 Q2 · CFO: +13.92024 Q3 · CFO: +13.32024 Q4 · CFO: +16.12025 Q1 · CFO: +9.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-45-22+0+22+452019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1 · Prepared remarks: +27.22019 Q2 · Prepared remarks: +28.52019 Q3 · Prepared remarks: +19.82019 Q4 · Prepared remarks: +17.02020 Q1 · Prepared remarks: -4.72020 Q2 · Prepared remarks: +12.22020 Q3 · Prepared remarks: +5.82020 Q4 · Prepared remarks: +38.92021 Q1 · Prepared remarks: +35.62021 Q2 · Prepared remarks: +28.52021 Q3 · Prepared remarks: +22.32021 Q4 · Prepared remarks: +23.02022 Q1 · Prepared remarks: +14.52022 Q2 · Prepared remarks: +18.32022 Q3 · Prepared remarks: +7.62022 Q4 · Prepared remarks: +29.82023 Q1 · Prepared remarks: +11.02023 Q2 · Prepared remarks: +6.02023 Q3 · Prepared remarks: +2.82023 Q4 · Prepared remarks: +10.72024 Q1 · Prepared remarks: +21.32024 Q2 · Prepared remarks: +15.32024 Q3 · Prepared remarks: +30.42024 Q4 · Prepared remarks: +23.32025 Q1 · Prepared remarks: +23.92019 Q1 · Q&A responses: +21.52019 Q2 · Q&A responses: +21.32019 Q3 · Q&A responses: +26.22019 Q4 · Q&A responses: +16.12020 Q1 · Q&A responses: +0.82020 Q2 · Q&A responses: +7.22020 Q3 · Q&A responses: +16.72020 Q4 · Q&A responses: +16.32021 Q1 · Q&A responses: +20.92021 Q2 · Q&A responses: +18.52021 Q3 · Q&A responses: +17.12021 Q4 · Q&A responses: +18.02022 Q1 · Q&A responses: +21.12022 Q2 · Q&A responses: +17.82022 Q3 · Q&A responses: +7.52022 Q4 · Q&A responses: +15.22023 Q1 · Q&A responses: +14.32023 Q2 · Q&A responses: -1.62023 Q3 · Q&A responses: +10.22023 Q4 · Q&A responses: +18.82024 Q1 · Q&A responses: +9.62024 Q2 · Q&A responses: +15.22024 Q3 · Q&A responses: +16.62024 Q4 · Q&A responses: +17.12025 Q1 · Q&A responses: +16.3
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

$10.48$15.85$21.232019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1: $12.642019 Q2: $13.112019 Q3: $13.712019 Q4: $14.092020 Q1: $13.712020 Q2: $12.132020 Q3: $13.102020 Q4: $14.422021 Q1: $15.932021 Q2: $17.732021 Q3: $18.602021 Q4: $19.702022 Q1: $20.412022 Q2: $20.482022 Q3: $19.892022 Q4: $17.902023 Q1: $17.842023 Q2: $16.972023 Q3: $11.322023 Q4: $11.222024 Q1: $11.822024 Q2: $13.342024 Q3: $14.71

Forward P/E

12.1122.3832.652019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1: 16.732019 Q2: 15.302019 Q3: 15.252019 Q4: 18.132020 Q1: 13.532020 Q2: 21.492020 Q3: 19.402020 Q4: 26.172021 Q1: 29.712021 Q2: 28.572021 Q3: 31.232021 Q4: 30.362022 Q1: 19.682022 Q2: 15.052022 Q3: 14.882022 Q4: 14.612023 Q1: 16.132023 Q2: 16.522023 Q3: 22.102023 Q4: 21.792024 Q1: 24.062024 Q2: 22.132024 Q3: 23.92

Divergence watch ⚑

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

  • 2019 Q3 tone ↓ -2.1 fwd EPS ↑ +0.61 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -4.6 fwd EPS ↑ +0.38 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +10.8 fwd EPS ↓ -1.57 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -2.9 fwd EPS ↑ +0.87 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +11.4 fwd EPS ↓ -1.99 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↑ +6.8 fwd EPS ↓ -5.65 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -12.2 fwd EPS ↑ +0.60 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+14.0——View →
2024 Q42025-02-13+15.1——View →
2024 Q32024-10-29+15.2$14.7123.9View →
2024 Q22024-07-30+12.6$13.3422.1View →
2024 Q12024-04-30+0.3$11.8224.1View →
2023 Q42024-02-15+12.5$11.2221.8View →
2023 Q32023-10-31+5.4$11.3222.1View →
2023 Q22023-08-01-1.4$16.9716.5View →