Mining unstructured public company transcripts gives you an informational edge on company strategy and expectations for future performance. The largest transcripts dataset available — 6500+ public companies covered for 10+ years.
TRANSCRIPTS. VALUABLE BUT MESSY.
Public company executives discuss their performance and future expectations with Wall Street analysts on quarterly earnings calls.
The earnings transcript is the record of the comments, questions, and discussion during these calls.
These transcripts provide a tunnel into the mind of these executives, but to date, the unstructured nature of these transcripts (tens of thousands of words) has made them messy and unusable for sophisticated analysis.
MOVING BEYOND "CTRL+F" FOR KEYWORDS
The size and unstructured nature of transcripts made them largely unusable.
The volume of unstructured text is simply beyond human cognition.
As a result, when studied, the analyses were crude, i.e. a count of the number of times our competitor said the word “digital” or how many times was “Amazon” said by the company in a single quarter.
No time-series trends across multiple transcripts, despite lots of time spent reading.
Despite their value, the methods to analyze transcripts - aka Ctrl+F - were of a bygone era.
A BETTER WAY TO MINE EARNINGS TRANSCRIPTS
We’ve started by building the world’s largest earnings transcript search engine, allowing you to search across 40+ quarters (10 years) of transcripts for 6500+ public companies.
You can analyze mentions over time for a specific company for topics of interest.
Or you can look across all hundreds of thousands of transcripts in a single shot to understand trends.
FORWARD-LOOKING VIEWS INTO KEY MARKETS AND PRODUCTS.
CB Insights NLP parses every transcript for geographic and product discussions and can then programmatically build time-series views of these dimensions.
This gives you a clear view into the markets and products a company is emphasizing (or de-emphasizing) over time and where they see opportunities.
Until now, it's never been possible to quickly see & interpret where executive allocation of attention is.
READ BETWEEN THE LINES. SENTIMENT AND LANGUAGE MARKERS.
Beyond what executives say, there is immense value to be gleaned by the language they use.
CB Insights Intelligence Analysts use everything from word count to sentiment to language markers in transcripts to understand management confidence, uncertainty, and how these things may differ among competitive peers within an industry.