michelcarroll/llama2-earnings-stock-prediction-fine-tune huggingface dataset:
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
I think what you'll see in the first quarter is that the fourth quarter utilization was up about two points during the quarter. And so, say, on average, was one point less than where it finished. And the easiest way to forecast direct operating expenses is to -- it's kind of an inverse of utilization. And so there should be some further benefit as we do think the utilization will remain virtually near peak, 99% range throughout the first quarter. After that, it really just depends what happens with utilization.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Gautam, this is Kevin. I think when we talk about the choppiness, it's uncertain as to when they will be adjudicated because there's so much volume out there. I would note in terms of color is that it's -- over half is new business, but we do have an increasing proportion of that total under the half that is recompete. So some of the things that have been kind of pushing to the right we see more likely to be recompeted in our business in the second half of this year and going into early next year. But we still have a very healthy pipeline of new work in that. And adjudications, as we noted, are very much contingent on the workforce in the government, their prioritization, how quickly they can get to things, what they prioritize. And if not, they generally delay. And how that plays out quarter-to-quarter is very hard for us to predict.

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yeah. Thanks, David. Yeah, you're right. You're -- obviously, your estimate there in terms of opening up in the fourth quarter and that would be done early in the quarter.
And it is unusual for us. But as you can see also, we're opening -- we're opening more of an actual number of stores. And given that the cadence and the time frame for opening those stores starts to stretch out, right? We actually opened up stores in February. Historically, we didn't do a lot of that in kind of the winter time in the Northeast here.
But it's really something we have to do as we continue to get bigger. So you'll see us opening really from the beginning of the year all the way through to the beginning of November. And then you had a part two to that question I thought.

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Maybe, because we are growing I mean, 2022, '23, '24 we expect continue to grow. So I guess the operating expense won't shrink. It may grow very kind of consistent, but limited growth, because we are already invested there.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Well, I think you're probably going to see kind of a continuation of what we've got so far. I would hope that we're going to continue to see broadening out of our loan development and production alternatives. But at the same time, what we'd be doing on say, loans held for sale as we just discussed or your other factors. But if we've got strong loan growth, I think we've got opportunities to kind of continue to and maybe trade away. I mean, capital call lines, we love them. They are just -- we think they're bullet-proof in terms of structure, but they're obviously not the highest yielding thing we have, and they also consume a little bit more in terms of risk-weighted assets at 100%.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
It's Matt. So Mark said in his opening comments, we said it back in January, and it's been reiterated, office using job growth is expected -- in the city is expected to return to pre-pandemic levels meaning all the jobs that were lost are regained by the end of 2021. The job growth has accelerated from January into February, into March. Technology is part of that private sector job growth is 100,000 jobs, and office using jobs has accelerated from the 20s, the mid-20s. So that is why we feel confident about the return of demand for office spaces, because we are seeing. It's not a projection, but we are seeing the return of office using jobs.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Probably manufacturing side, I just think. As you know, we're using the Synaffix site-specific conjugation in the AXL program. We did the Phase I dose-escalation study, as we normally do, using frozen product. And we're now moving to manufacturing lyophilized product.
So manufacturing is well underway to supply the clinical study for when we will start in the first half of next year. I'll hand it over to Joe to address the clinical aspects. Joe?

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Well, it possibly could be needed next year. I think when we get it up, it will take a little bit longer than that to get it up and going. So that's why we kind of need to look at longer than a year. It will probably take us a little bit longer than that to get it up to complete what we need to have done there.
But there's a possibility it could be needed next year. But still -- I still feel there's quite a bit of capacity in the industry right now that outside frac deals could be done in the short term.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
So, it's programmatic. It's really has zero to do with demand. 

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
How are you Dana? We are gently, may I repeat the word gently raising some prices across all categories and all brands. And with that is one of our answers to how are we going to operate in this inflationary environment. We have a number of other initiatives that we're doing and I'll let Frank talk about them in a second, but I will talk about the real estate first, and the real estate, we opened 56 stores this year and closed 20 some, I think for a net gain with 35, over half of those stores were Free People Movement stores, so rather small but highly productive. When we think about next year, we are going to -- we are planning to open basically the same number of net new stores, but we are opportunistic and what we are finding is that there are still pretty good lease opportunities out there to be had. So that could change as we move into the back half of the year.

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yes. And similarly, we may take the opportunity, we'll consider taking the current calculations that I just mentioned and post them on our website.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yeah, sure. It's distribution centers. So it's really building out our distribution network to support mostly our digital business as that does -- is serviced a little differently. And so as we've mentioned before, we're moving our EMEA distributor or EMEA distribution center and we're automating that.
And then we're looking at just other distribution center investments around the globe and continuing to expand our U.S. distribution center.

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
John, so this is Joaquin. I mean, look, the $8.2 billion, to be clear, it's -- this is positive. And -- but what's happening is that a lot of the kind of strings that were attached to a lot of these funds and are getting streamlined. The obstacles to approval are also getting removed. So the path to actually getting these through to impact the economy is a little bit clear. But there is still a process in place, right? I mean this EUR8.2 billion -- and there's been a lot of kind of articles around it. It still needs to go through a process of bidding and awarding contracts. So look, I think, and we've said in the past, unfortunately, this is a story that has come all the way from after the hurricane.
We're encouraged by the fact that this is going on, and we feel that we're going to see this now start to hit the economy, but there's still somewhat of a lag between now and when we actually see that hit. In terms of what else is there, I mean, this is -- the $8.2 billion is related to HUD. There are still other agencies that are in kind of the same process of distributing funds. And look, the local government has been very proactive in how they're working with the federal government. I think the federal government has been saying the right things and with the actions on this $8.2 billion are doing some of the right things that we want to see. But now we need to see some execution also from the Puerto Rico government to actually get their hands on this funding and move quickly to actually impact the economy.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Sure. Ian, this is Scott. Thanks for the question. So in Texas, Texas actually has a lower amount of federal reimbursement than the national average. So it's more reliant on state spending. And that's good because the state fiscal health is very strong plus you have the upside from a potential federal infrastructure bill.
For example, Texas lettings were up in 2020 versus 2019, which was one of the -- it was one of the stronger states. The American Road and Transportation Builders Association forecast for 2021 has Texas as a stable and growing state. And then recently the state DoT reconfirmed its 10-year, $75 billion Unified Transportation Program. So, all signs at the state level are positive in Texas. And then we could see some potential upside from a federal bill although, that would likely be a nine to 12-month lag time. So, more likely a 2022 impact for us.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Well, I think it's absolutely stabilizing. Through the onset of the pandemic I think it did speed up a bit certainly, I think it's stabilized. We continue to view the veterinarian really to be at the center of pet care and just with all the positive tailwinds, now we've talked about more pets, more pet spending, more demand for pet care services, we think the vet channel has great growth opportunities in it. We certainly also recognize the evolving trends that are taking place and continue to benefit from those macro trends through our relationship with Vetsource that we spoke of earlier and really again focusing on helping our -- helping enable our customers to take advantage of these evolving trends. So, certainly the vast majority of pet care we expect will continue to be in the vet channel, we continue to support the vet channel implicitly and we're also helping enable our vet customers to take advantage of some of these evolving trends as well.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Your takeaways there is a chance. I'm saying I wouldn't think there's a chance at this point in time, but a long time, Mike.

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
I would say there aren't any unusual cash requirements. From a debt perspective, there's very little that's required in terms of current maturities, it's normal stuff related to credit lines outside of the U.S. and we will pay down as cash flow dictates. But to the broader question about capital expenditures and investments in the business is that we've been maintaining with a decent range as a percentage of sales, and we will continue to do that. I would expect to see we're predicting $35 million in capital expenditures this year. It will be increased a bit next year. But again, as a percentage of the sales, it will remain in a very healthy band for us to be able to manage our cash flow. Obviously, with robust profitability, means that we will have positive free cash flow. That's my expectation for next year.
So as far as giving strict predictions on what that number is, I'm not prepared to do so yet because we're still going through all of our planning for next year. But we're going to continue to invest in the business in a healthy way. And I think from a broader capital allocation perspective, we're going to continue to invest in the business to try to drive innovation on the products that we are producing and making sure that we have the efficient plants that are producing products that we need for the future. So we're going to continue to invest in a very similar pattern to what we have been doing this year, particularly.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yes. Thanks, Andrew. We have seen terrific growth in all those international markets driven by increases in penetration and increases in buy rate. And so obviously, those two things are important. They work in concert together. And we've seen the business stick even as mobility has increased. And so what we've always said is, looking at 2019 as a comparison, obviously, is still very relevant. The U.S. continues to open up slowly. And we're hanging on to those buy rates, especially in the U.S. And so we anticipate, even as the U.S. continues to open up, what we've talked about is that lasting impact is something we're confident in. And as we've said time and again, our goal all along was to exit the pandemic stronger than we went in, and we're more confident than ever that that's happening. That's absolutely happening.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yes. So there's -- the average contract life on that asset is about three years. It's kind of split right now. About 50% of that is with the utilities and end users.
The other 50% is predominantly producers but include some marketing firms as well. And so, that's the general contractual time frame. But look, we can look at doing short-term transactions and other things. A combination of TGP and that asset unlocks some other potential commercial opportunities, which are incremental to what Stagecoach could have done on a stand-alone basis.
And the rates within -- the rates for Stagecoach services are market-based rates as well.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Ashish, any color you can add to that?

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yeah. So, it's hard to say in general, because it really depends on which specific commodity of that you're looking at. From a general statement, we look to reduce our single source, if it made economic sense to do that. So, we have increased the number of alternative sources. We have absolutely had to go to those alternative sources in this environment. And so, I don't want to make a general statement, because it truly does matter and what type of component, what type of commodity that we're dealing with. But I will say it's a strategic decision by commodity what is our strategy for that respective commodity as we go forward.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yes, good question again, Mike. I think the pressure, and I alluded to it in the prepared remarks, is just with the inflation that's coming in the industry. And while we're still being very successful passing price increases on today to consumers, we did bake in a little bit of extra pressure. And we do actually have, specifically in our guidance, margins coming down slightly in 2022 because of the inflationary pressures we're seeing. We do think that with our ability to continue to focus on these higher margin businesses, those are some of the levers we can pull to try to offset some of the product pressures that we do expect.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Great, thanks and good morning everyone. Just one quick one on the EBITDA incrementals. It looks like in 2021, on the commodities, that margin is about 20% or so. I guess the question is, as we look ahead to 2022 and make whatever assumption we want around lumber prices and the top line impact there, is that the same type of incremental margin we should be kind of looking for, presumably, on the way down? Or do you have any thoughts around anything you're doing internally around pricing or things like that, that could kind of dampen that impact?

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yeah. The project is progressing, in fact, we have teams on the ground as we speak in the Middle East. It's about ready to head into that location next week from Houston. We've got a significant amount of the upfront work complete, the engineering work as we've talked already has been well documented and we're on with that site preparedness and handover process where we're working with the customer as we speak on that topic, and that's working and progressing in line with what we anticipated.
A lot of the manufacturing aspect of the project is underway. And so right now, I'd say we feel very good with where we are on that project. It's clearly a topic that we spend a lot of time on internally, it's a critically important to the country and it's critically important to us as an organization. But I feel good with where we are today with everything that we're controlling and we have that built into the guidance that we gave earlier today. But we're clearly keeping an eye on the situation to make sure if something crops up, we can adjust, that's what we do. But we feel good where we are today.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
That's going to be like -- that's going to be our -- that matures in -- matures in mid 2026. And so that is...

    Prediction (one of UP, DOWN, SAME): SAME