Iridium Quant Lens Natural Language Processing algorithms analyzed 6.2 million words from more than 1,200 historic GCC earnings calls to quantify what management teams, analyst and investors are telling the market.
The new report reveals that:
Against the backdrop of equity market contractions in emerging and developed, rising interest rates, oil price volatility and fears of recession, overall sentiment has increased for the first time after three consecutive quarters of stability for earnings calls hosted by GCC companies between 1 July and 22 August 2022 .
The Iridium GCC Earnings Call Sentiment index rose 5% to reach +35.5 points in FQ2 2022, up from 33.8 points in FQ1 2022 and a 2.7 point increase from +32.8 points last year.
GCC sentiment is trending strongly back up to sentiment levels seen in 2019. The current sentiment index level of +35.5 points is higher than before the pandemic.