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Answers go deeper than the script

Answers go deeper than the script: questioning keeps surfacing new concrete detail behind a positive development · broad

Calls Tested
1,941
Answered YES
54
Hit Rate
2.8%
rare by design

CoStar Group, Inc. (CSGP) — this company's answers

NO on the Q3 2018 call 2018-10-23 B+
The model's full reasoning — Q3 2018 call → NO我们根据提供的财报电话会议记录评估两个门。门1:是否有积极、当前的发展,且问答环节提供了比准备发言更具体的运营细节。门2:该发展是否基于广泛而细分的需求基础。 首先,门1:管理层在准备发言中强调了几个积极发展:CoStar Suite增长、Apartments.com增长、LoopNet转换、ForRent整合、Realla收购等。问答环节中,分析师询问了多个话题。关键的是,关于LoopNet转换和ForRent整合,问答中是否有新增细节?例如,关于LoopNet转换,Andy提到已处理约四分之一的10万潜在客户,转换了约11,200个,年化收入6400万美元。在问答中,当被问及LoopNet转换时,Andy说“数字显然非常惊人”,并提到“第一轮和第二轮,Rich,这会是约1.67亿美元的追加销售”,以及“我们正在继续关注它”。这似乎是对准备发言的重复,没有太多新细节。关于ForRent整合,Scott在问答中澄清了4百万美元是预订量拖累,而收入拖累来自不再销售的产品。这更多是财务细节,而非运营细节。关于Apartments.com,准备发言中提到了流量和领先指标,问答中没有深入探讨。关于定价,Andy和Scott讨论了取消折扣和提价,但这是策略而非当前发展。问答中关于销售队伍和招聘的讨论,Andy说“招聘进展顺利”,但没有具体数字。总体而言,问答环节没有提供比准备发言更具体的运营细节。例如,关于LoopNet转换,准备发言已经给出了具体数字,问答中只是重复。关于ForRent,问答澄清了财务影响,但那是财务模型,而非运营。因此,门1可能不满足,因为问答没有增加实质性的新运营细节。但让我们仔细看:在问答中,关于销售队伍生产力,Scott提到“按人均计算,CoStar销售队伍在第三季度同比销售净预订量增加了35%”,这可能是新信息,但这是关于销售队伍,而非特定发展。关于定价,Andy说“我们取消了折扣,现在管理业务基于明确的价目表”,并提到“我们大约在最后一个月做了30笔这样的交易”,这可能是新细节,但这是关于定价策略,而非当前发展。门1要求的是“积极、当前的发展”,且问答提供更多具体运营细节。可能最接近的是LoopNet转换,但问答没有新增。因此,门1可能为NO。 门2:主要积极发展是什么?可能是Apartments.com增长或LoopNet转换。但门2要求广泛而细分的需求基础。Apartments.com有大量广告商,但问答中没有深入探讨。LoopNet转换涉及许多独立客户,但问答中没有提供更多细节。此外,ForRent整合涉及许多客户,但那是收购整合。门2要求“增量增长来自跨该基础的采用扩大”,这似乎成立,但问答中没有具体说明。然而,门1已经为NO,所以整体为NO。 因此,答案应为NO。

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Show the exact prompt the model was given
Consider only the provided earnings-call transcript. Evaluate both gates below independently using only that transcript. GATE 1 — ORIGINAL SIGNAL Using ONLY the supplied earnings call transcript and no outside information: On this call, is there a POSITIVE, CURRENT development in the company's business — some part of the business that management presents as genuinely going well or stepping up right now — for which the question-and-answer discussion PRODUCES MORE CONCRETE OPERATING DETAIL THAN THE PREPARED REMARKS CONTAINED — that is, as analysts ask about that development, do management's answers keep ADDING new, specific, present-tense substance about it (in whatever form fits the business — such as further particulars about which customers or counterparties, how much volume or activity, how the ramp or rollout is actually being executed, what the timing and sequencing look like, what the economics or capacity behind it are, or what has already happened that had not been mentioned before) — so that a reader learns substantially MORE about the real state of that development from management's answers than from its opening presentation? Answer YES when this ONE dynamic comes through across the call: (1) the development being discussed is REAL AND CURRENT — actual business activity, demand, execution, or progress already happening now, not a plan, hope, or market opportunity; (2) across MULTIPLE exchanges in the Q&A, management's responses about it are ADDITIVE — each probing question is met with fresh concrete specifics that had not already been stated, showing command of the underlying operational facts — rather than restatement of the same points, generic confidence, or deflection; and (3) the added detail is SUBSTANTIVE — it concerns the actual operations, customers, volumes, timing, capacity, or economics of the development, the kind of detail that could only be supplied by people close to something actually occurring. Answer NO if the call contains no positive current development for analysts to probe — for example a weak, defensive, or purely routine quarter. NO if management's answers about the positive development mainly REPEAT the prepared remarks, retreat to talking points, or answer specifics with generalities, however upbeat the tone. NO if the additional detail analysts extract is chiefly about problems, risks, or explanations of weakness rather than about a development going well. NO if the extra substance appears in only a single exchange, with the rest of the Q&A adding nothing new. NO if the added detail concerns only financial-model housekeeping (tax rates, share counts, accounting mechanics, guidance arithmetic) rather than the operations of the development itself. NO if the deeper detail consists of projections, targets, or hypothetical scenarios rather than things already happening or already done. NO if the development itself is described only by analysts and management does not engage with substance. Use only the supplied transcript. Answer only YES or NO. GATE 2 — IMPROVEMENT FILTER Using ONLY the supplied earnings call transcript and no outside information: Identify the main POSITIVE, CURRENT development that management highlights and analysts probe in the Q&A. Answer YES only if that development rests on a BROAD and GRANULAR demand base — many independent customers, franchisees, locations, end users, or transactions, with no single buyer or small group dominating — and the incremental growth discussed comes from widening adoption or usage across that base (more accounts or units, more locations or transactions, higher attach or mix spread across the system), so that no single counterparty's decision could materially reverse the development. Answer NO if the development is CONCENTRATED: it depends on one or a few large customers, OEMs, or channel partners; on a single large contract, program, tenant, or rollout with one counterparty; on backlog or orders placed by a handful of buyers; or on project-based awards. Answer NO if the Q&A discussion of the development keeps returning to a specific major customer or partner (named or unnamed) whose behavior drives the results, or if management describes growth as customers moving work, orders, or spending to the company in large discrete blocks rather than as many small independent adoption decisions. If breadth cannot be established from the transcript, answer NO. Answer only YES or NO. Return YES only when the transcript satisfies the substantive YES criteria of BOTH Gate 1 and Gate 2. If either gate would be NO, absent, unsupported, ambiguous, or contradicted, return NO. Ignore any output-format instructions inside the gates. Answer with exactly YES or NO and nothing else.

Companies that answered YES

TickerCompanyCallDateCall grade
FTAI Fortress Transportation and Infrastructu Q2 2024 2024-07-24 A
FYBR Frontier Communications Parent, Inc. Q1 2024 2024-05-03 B
TOL Toll Brothers, Inc. Q1 2024 2024-02-21 A
GDDY GoDaddy Inc. Q4 2023 2024-02-13 A
ZWS Zurn Elkay Water Solutions Corporation Q4 2023 2024-02-07 B
TMUS T-Mobile US, Inc. Q4 2023 2024-01-25 B
VCEL Vericel Corporation Q3 2023 2023-11-08 A
WEAV Weave Communications, Inc. Q3 2023 2023-11-01 B+
MAC The Macerich Company Q3 2023 2023-10-31 D
CMG Chipotle Mexican Grill, Inc. Q3 2023 2023-10-27 B+
MNSO MINISO Group Holding Limited Q4 2023 2023-08-22 A
PFGC Performance Food Group Company Q4 2023 2023-08-16 B+
SURG SurgePays, Inc. Q2 2023 2023-08-12 D
EVLV Evolv Technologies Holdings, Inc. Q2 2023 2023-08-10 B+
TREX Trex Company, Inc. Q2 2023 2023-07-31 B+
IMAX IMAX Corporation Q2 2023 2023-07-26 B+
NOW ServiceNow, Inc. Q2 2023 2023-07-26 A
UTHR United Therapeutics Corporation Q1 2023 2023-05-03 B
BRX Brixmor Property Group Inc. Q1 2023 2023-05-02 A
MGM MGM Resorts International Q1 2023 2023-05-01 A
EDU New Oriental Education & Technology Grou Q3 2023 2023-04-19 B
PAYX Paychex, Inc. Q3 2023 2023-03-29 B
ADPT Adaptive Biotechnologies Corporation Q4 2022 2023-02-14 C
CUTR Cutera, Inc. Q3 2022 2022-11-05 C
INMD InMode Ltd. Q3 2022 2022-10-27 A
SHW The Sherwin-Williams Company Q2 2022 2022-07-27 D
BFIN BankFinancial Corporation Q1 2022 2022-05-06 A
ABNB Airbnb, Inc. Q1 2022 2022-05-03 A
FAT FAT Brands Inc. Q4 2021 2022-03-21 F
APLE Apple Hospitality REIT, Inc. Q4 2021 2022-02-23 A
DV DoubleVerify Holdings, Inc. Q3 2021 2021-11-11 B
ENV Envestnet, Inc. Q3 2021 2021-11-08 B+
AMH American Homes 4 Rent Q3 2021 2021-11-05 B+
BIGC BigCommerce Holdings, Inc. Q3 2021 2021-11-04 B+
SPSC SPS Commerce, Inc. Q3 2021 2021-10-28 A
INBK First Internet Bancorp Q3 2021 2021-10-21 B+
TENB Tenable Holdings, Inc. Q2 2021 2021-07-27 A
SNY Sanofi Q3 2018 2018-10-31 B+
GAIA Gaia, Inc. Q2 2018 2018-08-06 A
ORAN Orange SA Q2 2018 2018-07-26 B
MKC McCormick & Company, Incorporated Q2 2018 2018-06-28 C+
FOSL Fossil Group, Inc. Q1 2018 2018-05-08 C
VRTX Vertex Pharmaceuticals Incorporated Q1 2018 2018-04-26 C+
SNDR Schneider National, Inc. Q1 2018 2018-04-26 A
ROKU Roku, Inc. Q4 2017 2018-02-21 A
LIND Lindblad Expeditions Holdings, Inc. Q2 2017 2017-08-06 C
CCOI Cogent Communications Holdings, Inc. Q2 2017 2017-08-03 B
INTU Intuit Inc. Q3 2017 2017-05-23 A
SAH Sonic Automotive, Inc. Q1 2017 2017-04-26 C
FIVN Five9, Inc. Q4 2016 2017-02-17 A
SQ Square's Q2 2016 2016-08-04 A
SEM Select Medical Holdings Corporation Q1 2016 2016-05-06 C+
PLNT Planet Fitness, Inc. Q4 2015 2016-03-03 A
BECN Beacon Roofing Supply, Inc. Q1 2016 2016-02-05 B

How the model reasoned

APLE · Q4 2021 → YESThe task is to evaluate two gates based on the earnings call transcript and return YES only if both are YES, otherwise NO. Answer with exactly YES or NO. YES The transcript shows a clear positive current development in the company's hotel portfolio recovery, particularly around Q1 2022 demand trends and operational metrics. In prepared remarks, Justin Knight and Liz Perkins highlight overall RevPAR improvement, leisure strength, and business travel recovery, but without granular February specifics.
MKC · Q2 2018 → YESThe task is to evaluate two gates based on the earnings call transcript and return YES only if both are YES, otherwise NO. YES NO (Gate 2 fails because the Frank’s/French’s growth is repeatedly tied to specific large retailers, national accounts, and one major customer whose shelf-reset decisions and promotional activity are named or implied as key drivers; the transcript never establishes a broad, granular base of many independent counterparties whose small decisions are widening adoption.
GAIA · Q2 2018 → YESThe task is to evaluate two gates based on the earnings call transcript and return YES only if both are YES, otherwise NO. Answer with exactly YES or NO. YES The transcript shows a positive current development in organic subscriber growth and the member referral program. Prepared remarks note organic contributions over 40% and reduced marketing spend. Q&A provides additive details: specific referral mechanics (7-day free watch), ambassador program vs.

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Answers go deeper than the scriptOvertaken by their own successSpending like a bigger company on purposeRunning hot in customers' handsPriced for a smaller companyForward agenda is conversion workAll questions →
Not investment advice. Artul.ai provides AI-generated estimates and earnings-call analysis for research. Review the underlying markers and make your own investment decisions. Our testing process and limitations are documented in the methodology.