Subtext

Zoetis Inc. ZTS

SectorHealth Care
Transcripts49
Date range2013-04-30 – 2025-05-06
Calls charted49

Sentiment timeline

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

-15-8+0+8+152013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32013 Q1 · Overall: +1.42013 Q2 · Overall: +3.52013 Q3 · Overall: +6.32013 Q4 · Overall: +4.12014 Q1 · Overall: +1.32014 Q2 · Overall: +3.32014 Q3 · Overall: +7.32014 Q4 · Overall: +10.02015 Q1 · Overall: +13.32015 Q2 · Overall: +13.22015 Q3 · Overall: +11.82015 Q4 · Overall: +6.72016 Q1 · Overall: +9.32016 Q2 · Overall: +9.92016 Q3 · Overall: +10.72016 Q4 · Overall: +12.92017 Q1 · Overall: +8.02017 Q2 · Overall: +10.32017 Q3 · Overall: +8.82017 Q4 · Overall: +10.92018 Q1 · Overall: +8.92018 Q2 · Overall: +10.82018 Q3 · Overall: +10.82018 Q4 · Overall: +11.22019 Q1 · Overall: +5.32019 Q2 · Overall: +5.12019 Q3 · Overall: +8.52019 Q4 · Overall: +7.12020 Q1 · Overall: +1.12020 Q2 · Overall: +1.32020 Q3 · Overall: +7.92020 Q4 · Overall: +9.92021 Q1 · Overall: +10.42021 Q2 · Overall: +12.12021 Q3 · Overall: +7.02021 Q4 · Overall: +10.12022 Q1 · Overall: +5.72022 Q2 · Overall: +7.02022 Q3 · Overall: +2.12022 Q4 · Overall: +4.82023 Q1 · Overall: +3.92023 Q2 · Overall: +11.52023 Q3 · Overall: +3.82023 Q4 · Overall: +9.12024 Q1 · Overall: -4.72024 Q2 · Overall: +9.82024 Q3 · Overall: +10.62024 Q4 · Overall: +10.02025 Q1 · Overall: +9.1
Overall

CEO vs CFO

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

-27-13+0+13+272013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32013 Q1 · CEO: +6.72013 Q2 · CEO: +13.42013 Q3 · CEO: +6.22013 Q4 · CEO: +7.92014 Q1 · CEO: +8.72014 Q2 · CEO: +6.42014 Q3 · CEO: +12.62014 Q4 · CEO: +23.12015 Q1 · CEO: +22.62015 Q2 · CEO: +17.72015 Q4 · CEO: +15.32016 Q1 · CEO: +15.52016 Q2 · CEO: +18.52016 Q3 · CEO: +14.32016 Q4 · CEO: +20.72017 Q1 · CEO: +12.92017 Q2 · CEO: +14.82017 Q3 · CEO: +9.02018 Q1 · CEO: +8.92018 Q2 · CEO: +12.72018 Q3 · CEO: +17.12018 Q4 · CEO: +14.82019 Q1 · CEO: +11.92019 Q2 · CEO: +6.92019 Q3 · CEO: +15.22019 Q4 · CEO: +14.82020 Q1 · CEO: +7.12020 Q2 · CEO: +8.22020 Q3 · CEO: +16.32020 Q4 · CEO: +14.62021 Q1 · CEO: +14.02021 Q2 · CEO: +21.62021 Q3 · CEO: +13.52021 Q4 · CEO: +14.12022 Q1 · CEO: +7.42022 Q2 · CEO: +18.72022 Q3 · CEO: +12.12022 Q4 · CEO: +15.82023 Q1 · CEO: +10.72023 Q2 · CEO: +19.32023 Q3 · CEO: +11.42023 Q4 · CEO: +16.02024 Q1 · CEO: -13.52024 Q2 · CEO: +23.42024 Q3 · CEO: +17.02024 Q4 · CEO: +20.82025 Q1 · CEO: +13.22013 Q1 · CFO: -0.92013 Q2 · CFO: +0.82013 Q3 · CFO: +9.52013 Q4 · CFO: +7.02014 Q1 · CFO: -2.42014 Q2 · CFO: +3.02014 Q3 · CFO: +7.92014 Q4 · CFO: +6.92015 Q1 · CFO: +14.32015 Q2 · CFO: +13.12016 Q2 · CFO: +9.12016 Q3 · CFO: +15.22016 Q4 · CFO: +12.12017 Q1 · CFO: +9.22017 Q2 · CFO: +11.72017 Q3 · CFO: +15.82018 Q1 · CFO: +13.82018 Q2 · CFO: +18.92018 Q3 · CFO: +13.42018 Q4 · CFO: +14.12019 Q1 · CFO: +2.02019 Q2 · CFO: +9.12019 Q3 · CFO: +7.22019 Q4 · CFO: +6.72020 Q1 · CFO: -1.42020 Q2 · CFO: -5.02020 Q3 · CFO: +7.62020 Q4 · CFO: +12.62021 Q1 · CFO: +16.82021 Q2 · CFO: +13.82021 Q3 · CFO: +9.12021 Q4 · CFO: +9.02022 Q1 · CFO: +7.52022 Q2 · CFO: +3.32022 Q3 · CFO: +0.02022 Q4 · CFO: +2.12023 Q1 · CFO: +3.32023 Q2 · CFO: +12.02023 Q3 · CFO: +3.12023 Q4 · CFO: +10.22024 Q1 · CFO: +16.12024 Q2 · CFO: +8.92024 Q3 · CFO: +10.12024 Q4 · CFO: +8.42025 Q1 · CFO: +11.1
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-108-54+0+54+1082013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32013 Q1 · Prepared remarks: +8.82013 Q2 · Prepared remarks: +8.62013 Q3 · Prepared remarks: +6.52013 Q4 · Prepared remarks: +11.72014 Q1 · Prepared remarks: +2.72014 Q2 · Prepared remarks: +6.02014 Q3 · Prepared remarks: +11.62014 Q4 · Prepared remarks: +11.82015 Q1 · Prepared remarks: +22.92015 Q2 · Prepared remarks: +18.62015 Q3 · Prepared remarks: +21.12015 Q4 · Prepared remarks: +15.42016 Q1 · Prepared remarks: +17.92016 Q2 · Prepared remarks: +11.52016 Q3 · Prepared remarks: +21.22016 Q4 · Prepared remarks: +22.32017 Q1 · Prepared remarks: +14.12017 Q2 · Prepared remarks: +16.32017 Q3 · Prepared remarks: +15.92017 Q4 · Prepared remarks: +93.82018 Q1 · Prepared remarks: +24.82018 Q2 · Prepared remarks: +21.52018 Q3 · Prepared remarks: +18.72018 Q4 · Prepared remarks: +17.82019 Q1 · Prepared remarks: +11.42019 Q2 · Prepared remarks: +13.82019 Q3 · Prepared remarks: +13.42019 Q4 · Prepared remarks: +11.12020 Q1 · Prepared remarks: +1.52020 Q2 · Prepared remarks: +2.92020 Q3 · Prepared remarks: +12.62020 Q4 · Prepared remarks: +17.42021 Q1 · Prepared remarks: +17.42021 Q2 · Prepared remarks: +17.72021 Q3 · Prepared remarks: +15.02021 Q4 · Prepared remarks: +16.32022 Q1 · Prepared remarks: +5.12022 Q2 · Prepared remarks: +8.72022 Q3 · Prepared remarks: +3.22022 Q4 · Prepared remarks: +7.12023 Q1 · Prepared remarks: +5.82023 Q2 · Prepared remarks: +14.72023 Q3 · Prepared remarks: +8.62023 Q4 · Prepared remarks: +15.12024 Q1 · Prepared remarks: +56.82024 Q2 · Prepared remarks: +21.72024 Q3 · Prepared remarks: +18.32024 Q4 · Prepared remarks: +15.82025 Q1 · Prepared remarks: +13.62013 Q1 · Q&A responses: -2.92013 Q2 · Q&A responses: +4.72013 Q3 · Q&A responses: +7.62013 Q4 · Q&A responses: +0.52014 Q1 · Q&A responses: +1.92014 Q2 · Q&A responses: +2.02014 Q3 · Q&A responses: +7.02014 Q4 · Q&A responses: +15.62015 Q1 · Q&A responses: +10.22015 Q2 · Q&A responses: +11.62015 Q3 · Q&A responses: +7.82015 Q4 · Q&A responses: +2.72016 Q1 · Q&A responses: +4.62016 Q2 · Q&A responses: +14.22016 Q3 · Q&A responses: +4.42016 Q4 · Q&A responses: +10.42017 Q1 · Q&A responses: +8.42017 Q2 · Q&A responses: +10.72017 Q3 · Q&A responses: +4.62017 Q4 · Q&A responses: +13.32018 Q1 · Q&A responses: +3.22018 Q2 · Q&A responses: +5.02018 Q3 · Q&A responses: +11.42018 Q4 · Q&A responses: +7.52019 Q1 · Q&A responses: +2.12019 Q2 · Q&A responses: +0.52019 Q3 · Q&A responses: +8.22019 Q4 · Q&A responses: +11.02020 Q1 · Q&A responses: +3.22020 Q2 · Q&A responses: +4.42020 Q3 · Q&A responses: +10.32020 Q4 · Q&A responses: +10.12021 Q1 · Q&A responses: +11.92021 Q2 · Q&A responses: +15.82021 Q3 · Q&A responses: +7.62021 Q4 · Q&A responses: +7.72022 Q1 · Q&A responses: +9.42022 Q2 · Q&A responses: +11.92022 Q3 · Q&A responses: +5.42022 Q4 · Q&A responses: +7.72023 Q1 · Q&A responses: +6.72023 Q2 · Q&A responses: +15.62023 Q3 · Q&A responses: +5.72023 Q4 · Q&A responses: +9.82024 Q1 · Q&A responses: -2.02024 Q2 · Q&A responses: +6.52024 Q3 · Q&A responses: +8.72024 Q4 · Q&A responses: +9.72025 Q1 · Q&A responses: +2.8
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

$1.21$3.94$6.672013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32014 Q1: $1.582014 Q2: $1.632014 Q3: $1.692014 Q4: $1.672015 Q1: $1.722015 Q2: $1.782015 Q3: $1.842015 Q4: $1.922016 Q1: $1.912016 Q2: $2.082016 Q3: $2.212016 Q4: $2.342017 Q1: $2.402017 Q2: $2.502017 Q3: $2.602017 Q4: $2.722018 Q1: $3.132018 Q2: $3.242018 Q3: $3.362018 Q4: $3.462019 Q1: $3.562019 Q2: $3.672019 Q3: $3.872019 Q4: $4.022020 Q1: $4.102020 Q2: $3.672020 Q3: $4.032020 Q4: $4.272021 Q1: $4.552021 Q2: $4.792021 Q3: $4.982021 Q4: $5.182022 Q1: $5.342022 Q2: $5.442022 Q3: $5.502022 Q4: $5.402023 Q1: $5.582023 Q2: $5.742023 Q3: $5.932023 Q4: $6.042024 Q1: $5.972024 Q2: $6.072024 Q3: $6.29

Forward P/E

16.8031.8346.872013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32014 Q1: 18.872014 Q2: 20.182014 Q3: 21.752014 Q4: 24.632015 Q1: 27.662015 Q2: 28.192015 Q3: 24.192015 Q4: 24.532016 Q1: 21.242016 Q2: 22.652016 Q3: 22.822016 Q4: 21.732017 Q1: 22.592017 Q2: 24.892017 Q3: 25.162017 Q4: 26.612018 Q1: 26.952018 Q2: 26.962018 Q3: 26.532018 Q4: 24.122019 Q1: 27.192019 Q2: 31.102019 Q3: 31.842019 Q4: 31.592020 Q1: 25.812020 Q2: 37.272020 Q3: 40.062020 Q4: 37.622021 Q1: 34.302021 Q2: 38.402021 Q3: 40.982021 Q4: 44.802022 Q1: 35.922022 Q2: 29.062022 Q3: 29.132022 Q4: 28.112023 Q1: 29.332023 Q2: 28.862023 Q3: 30.672023 Q4: 32.682024 Q1: 29.522024 Q2: 27.952024 Q3: 31.22

Divergence watch ⚑

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

  • 2015 Q4 tone ↓ -5.0 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -4.9 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -2.1 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -5.9 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -6.0 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -5.1 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -4.4 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -4.9 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +2.6 fwd EPS ↓ -0.10 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -7.8 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-06+9.1——View →
2024 Q42025-02-13+10.0——View →
2024 Q32024-11-04+10.6$6.2931.2View →
2024 Q22024-08-06+9.8$6.0727.9View →
2024 Q12024-05-02-4.7$5.9729.5View →
2023 Q42024-02-14+9.1$6.0432.7View →
2023 Q32023-11-02+3.8$5.9330.7View →
2023 Q22023-08-08+11.5$5.7428.9View →