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Taro Pharmaceutical Industries' (TARO) — Earnings Call X-Ray

Our AI read all 10 of TARO's earnings calls (2016–2020) and answered the same battery of questions about each one. Every past call is free; the newest quarter unlocks with a free account.

Latest Call Grade
🔒
Q2 2021 · sign up to see
Previous Call Grade
D
Q4 2020
Expected Move
🔒
next 45 days · members
Calls Analyzed
10
2016–2020
Avg Candor
5.5/9
evasion 6/9
Critic AmmunitionPricing Under PressureMargins ContractingCapex IncreasingReads RehearsedQuestion Left Hanging

Call-by-call analysis

🔒 Q2 2021 earnings call 2020-10-31 NEWEST

Guidance: ■■■■■Demand: ■■■■■■ Margins: ■■■■Backlog: ■■■■ ■ analysts, ■■ questionsexpected move ±■■%
Candor ■/9
Specificity ■/9
Evasion ■/9
Stress ■/9

Management ■■■■■■ guidance against ■■■■■■■■ demand and ■■■■■■■ margins. The delivery was ■■■■■■■■ and ■■■■ in specifics, with ■■■ questions left hanging.

🔒 The Q2 2021 call grade is ready
The full 37-point AI read of TARO's newest earnings call — grade, expected move, and every question answered — is free with an account.
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D Q4 2020 earnings call 2020-05-20

Management gave no formal guidance against mixed demand signals and contracting margins. The delivery was rich in specifics.

Demand: mixedMargins: contractingPricing: under pressureHeadcount: flatCapex: increasing 3 analysts · 7 questions
⚑ Critic ammunition⚑ Question left hanging✓ Guidance underwritable⚑ Reads rehearsed
Candor 6/9
Specificity 7/9
Evasion 4/9
Confidence 5/9
Uncertainty 6/9
Promotion 3/9
Stress 3/9
Complexity 5/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
YES Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
NO Is volume about to step up rather than grow gradually?
NO Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
NO Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
NO Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
YES Does the call read rehearsed rather than lived?

F Q2 2020 earnings call 2019-11-05

Management gave no formal guidance against steady demand and contracting margins. The delivery was frequently evasive.

Demand: stableMargins: contractingPricing: under pressure 5 analysts · 16 questions
⚑ Critic ammunition⚑ Question left hanging⚑ Reads rehearsed
Candor 5/9
Specificity 6/9
Evasion 7/9
Confidence 5/9
Uncertainty 6/9
Promotion 3/9
Stress 4/9
Complexity 5/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
NO Is volume about to step up rather than grow gradually?
NO Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
NO Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
NO Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
YES Does the call read rehearsed rather than lived?

F Q4 2019 earnings call 2019-05-23

Management gave no formal guidance against steady demand and contracting margins. The delivery was frequently evasive.

Demand: stableMargins: contractingPricing: under pressureHeadcount: cuttingCapex: flat 7 analysts · 16 questions
⚑ Critic ammunition⚑ Question left hanging⚑ Reads rehearsed
Candor 5/9
Specificity 6/9
Evasion 7/9
Confidence 5/9
Uncertainty 6/9
Promotion 3/9
Stress 4/9
Complexity 4/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
NO Is volume about to step up rather than grow gradually?
NO Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
NO Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
YES Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
YES Does the call read rehearsed rather than lived?

F Nov 2018 earnings call 2018-11-06

Management gave no formal guidance against steady demand and contracting margins. The delivery was frequently evasive.

Demand: stableMargins: contractingPricing: under pressure 4 analysts · 9 questions
⚑ Critic ammunition⚑ Question left hanging⚑ Reads rehearsed
Candor 5/9
Specificity 5/9
Evasion 6/9
Confidence 6/9
Uncertainty 4/9
Promotion 3/9
Stress 3/9
Complexity 4/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
NO Is volume about to step up rather than grow gradually?
NO Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
NO Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
YES Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
YES Does the call read rehearsed rather than lived?

F Q4 2018 earnings call 2018-05-18

Management gave no formal guidance against steady demand and contracting margins. The delivery was rich in specifics.

Demand: stableMargins: contractingPricing: under pressure 5 analysts · 8 questions
⚑ Critic ammunition⚑ Question left hanging⚑ Reads rehearsed
Candor 6/9
Specificity 7/9
Evasion 5/9
Confidence 4/9
Uncertainty 6/9
Promotion 3/9
Stress 5/9
Complexity 6/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
NO Is volume about to step up rather than grow gradually?
NO Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
NO Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
YES Is consolidation happening among their peers?
NO Is a founder still running the company?
YES Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
YES Does the call read rehearsed rather than lived?

F Q2 2018 earnings call 2017-11-08

Management gave no formal guidance against slowing demand and contracting margins. The delivery was frequently evasive.

Demand: slowingMargins: contractingPricing: under pressure 10 analysts · 20 questions
⚑ Critic ammunition⚑ Question left hanging
Candor 6/9
Specificity 4/9
Evasion 7/9
Confidence 5/9
Uncertainty 6/9
Promotion 3/9
Stress 5/9
Complexity 4/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
NO Is volume about to step up rather than grow gradually?
NO Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
NO Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
YES Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
NO Does the call read rehearsed rather than lived?

F Q4 2017 earnings call 2017-05-23

Management gave no formal guidance against slowing demand and contracting margins. The delivery was unusually candid.

Demand: slowingMargins: contractingPricing: under pressure 13 analysts · 17 questions
⚑ Critic ammunition⚑ Question left hanging
Candor 7/9
Specificity 6/9
Evasion 5/9
Confidence 5/9
Uncertainty 6/9
Promotion 3/9
Stress 4/9
Complexity 4/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
NO Is volume about to step up rather than grow gradually?
NO Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
NO Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
YES Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
NO Does the call read rehearsed rather than lived?

Earlier calls

CallDateGradeGuidanceDemandMarginsCandorEvasion
Q2 2017 2016-11-09 F nonestablestable 4/9 7/9
Q4 2016 2016-05-27 F nonemixedexpanding 6/9 7/9

How to read this page

The grade is a transparent composite of call quality — candor, specificity, low evasion, low stress, whether the call resolves more doubts than it creates, and the guidance action — not a buy or sell signal. The expected move is a volatility estimate from the one signal that survived our out-of-sample tests: how a stock's own reaction and pre-call volatility predict the size (not direction) of its next move. Full detail, including everything that failed: methodology.

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Not investment advice. Artul.ai publishes AI-generated earnings-call quality grades and expected-volatility estimates — never buy or sell recommendations. We tested over 1,600 predictive hypotheses against 165,000 transcripts; the honest result, including what failed, is documented in our methodology.