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
 
Thomas, I just want to add one color to your first question regarding the outlook for 2022. As Haisheng mentioned, yes, we -- at this point, we can't give you any official sort of guidance to the outlook. But if you recall, after the second quarter, we did the stress test, which related to the 24% rate cap. In that stress test, we consider the macro environment for 2022 as well as the regulatory change, in particular related to the credit agency connectivity issues, which we believe is a very complicated issue, involve a lot of the technology problem solving. And with that kind of assumption in that stress test, if we recall, we assume a 20% kind of volume growth for next year and then the net take rate, as I mentioned early in this call, will come down from 4% right now to about 3% in that stress test. So that assumption as well as the conclusion for that stress test still hold at this point, although I just want to emphasize again, this is not a official guidance. Thank you.

    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, I think the -- it really is reflective of a revenue mix shift that is already occurring inside of the business. In my prepared remarks, I mentioned that gross profit on a total basis is now -- 40% of that gross profit is coming from products and services that are unique to the Company, whether that'd be proprietary brands or compounding or prescription management.
So, the driver of going from 5% to 10% adjusted EBITDA margin is that increased penetration of those unique services. We do think distribution revenue will continue to grow, but certainly not grow at the pace of those other efforts. In terms of timing, it's a multi-year ambition, but we think that every year that we can make steady progress in that direction, and I think 2020 was reflective of kind of first step on that path.

    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
 
There you go, Brian. We can hear you now. We may have lost you again, Brian. Operator, I think we may have lost Brian.
Maybe it's best if we go to the next question, and we can come back to Brian.

    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
 
Great. Thanks, Peter. Yeah. Hey, Brad, we're ready for the next question.

    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. No, overall, both on the P&L and the cash flows, I would characterize it as just very good, good results across the board as opposed to being driven by one-time items or any unusual items. But keep in mind the cash flow will be lumpy, just given that -- depending on the day of the week it comes in and it can slip from one quarter to next or one year to next. But over the long term, as we continue to drive operating margins up and drive operating income growth, cash flow should track very well to EBITDA with less cash taxes over time.

    Prediction (one of UP, DOWN, SAME): UP
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
 
We are participating in this, what we call cloud journey in different aspects. The first one is all this transformational deal that we do, building a new consumer stack for AT&T, it's being done on our cloud-native CES21, which is the latest and greatest platform for monetization. And as I mentioned, this was built from the ground up as a cloud native and all our deployments are on the cloud. Some of them are [indecipherable] some of them are on Azure. So we are working with all the cloud partners. So this is the first angle to the cloud. Secondly, we are involved in several customers in activity of taking application. It could be Amdocs legacy application or non-Amdocs application and lift and shift into the cloud. So this is another activity that we do, which is growing all the time. So in this case, it's not full modernization, but taking the application -- repass from them and moving and leave them to the cloud. The sales activity on the cloud is cloud ops. As we announced this quarter, if you think what happened in AT&T, initially, we won and we awarded to do the consumer domain on our next-generation suite for 5G. And this quarter, we announced which is the third pillar of doing CloudOps, doing old operation in a cloud environment. So I think that we have a lot of -- we are the market leader, by the way, in all these 3 domains. And I think that the journey to the cloud represents for us a very nice tailwind.

    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
 
Hey Mark, Chris here. I'll take that one. When you look at the quarter's performance in terms of subscription growth, I think you're seeing a couple of things. One, really pleased with the broad-based demand environment that we're seeing from our customers, both from an international perspective, we saw really strong performance from our U.S.
corporate business and saw continuation from -- the enterprise held up more during the deep parts of the pandemic, and it was great to see customers that are smaller step up and invest more than we've seen in previous quarters. So that was another positive trend that we saw. And then finally -- so experience is mattering more than ever. Zig highlighted the employee experience and the current environment we're in from an employee perspective.
That's a product that we've seen accelerate, even though we've seen good demand across all of our products. That's one that really stood out in the quarter and it's becoming more important than ever in this competitive environment for companies to pay attention to attracting, retaining and motivating their employees. And then finally, in that overall growth, you are seeing the impact from a more normal year this year. And last year, seasonality wise, was backward SKUs, as we covered in the past, where the first half of the year was lower from a CRPO and a calculated billings perspective, as we had some of the billings pushed to the second half of the year.
So you're also seeing some impact in the first-half results on those metrics on an enhanced basis because this year is more normal and last year was more back-end loaded than we'd expect this year.

    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. I think by the end of the year or early the next year. One thing to note is that we did have quite a difference between the accessions and the billables in this quarter. And if you actually did put through all those accessions and the billables in the quarter, that COGS per unit would have dramatically changed.
So something like 10% falloff between the accessions and the billables. And so you're not getting those in the first quarter. You'll get those in the second quarter. But you had all the costs of those accessions going through in the first quarter.
So it's really hampering you by several, probably 6%, 7% on your COGS and on your gross margin. So I think it's important to remember that we do have seasonality, and the first quarter is always the worst, about 10% in the first quarter. Generally, the second quarter is closer between the accessions and the billables.

    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
 
No, Healthcare is not that large yet. It's somewhere between 10% and 15% still. We are growing it but Public Sector, as we keep mentioning, has been growing even more quickly through acquisitions. But we do think the assets we have, we can grow 10% organically, and then we're hopeful about landing some more Healthcare acquisitions, but time will tell on that.

    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
 
So, definitely the Q1 number includes the benefit of the closure of Rochester that's fully executed and you're seeing those going through our numbers and that is having an effect on. And we said before, it's $50 million a year, so that's having an effect on our gross margin.

    Prediction (one of UP, DOWN, SAME): UP
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, hi. Good morning.

    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
 
No. It really is -- it's customer mix to be perfectly honest.

    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
 
$1 billion, almost even.

    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
 
Okay. So we just closed two acquisitions and we're excited about them. And that's a major focus for us is successful integration and returns on those acquisitions. However, our deal team is dropped -- is off those integrations. We have a separate group working on that. And we're still looking for deals to fall into the company. Now we're moving into an organic growth phase. So like we've already talked about on this call we'll be consuming cash on that front. And we are always selective about the acquisitions we find and we worked on. And the ones we just closed, we -- those were those are good deals for us. And we're going to remain highly selective. So we're looking -- we're talking to companies. I think it's as vibrant a pool of possibilities with the acquisition came as it was before we close these two deals.

    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
 
No, we haven't had any delays caused by supply chain or the, like you said, the shortage of semiconductors that you read on the news that hasn't impacted our goals. To lead times, they have extended. I mean, there are multiple ways of looking at lead time. We tend to look at it as a -- what is the lead time that is 75th percentile of our product shipments. There is always custom and more difficult configurations that take longer. But looking at the 75th percentile, our handler lead times right now are about 14.5 weeks, testers approximately 12 weeks, contactors are running at about 6 weeks. So that's about where we're hovering right now on the lead times.

    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
 
In terms of when -- you asked a question about the timing. I think, again, that the number one thing we think about is investment opportunity and not just the investment opportunity today, but what we think we can do with the capital over the long-term. So as I mentioned, we're thinking about not only the return environment today, but the evolution of the return environment that we see actually being very long-term accretive to our shareholders. So at lower returns, you should expect the balance sheet to have lower leverage. At higher returns, we'll be increasing the size of the balance sheet.

    Prediction (one of UP, DOWN, SAME): UP
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
 
Hi, good morning. Thanks for taking the questions. Jim, I just wanted to start -- firstly start off on -- you did provide some details on CT Integrations and the acquisition -- Just wanted to see if you can go a bit deeper. I mean, the way I understood it is really kind of makes you -- give you more expertise in the addressable market opportunities that you're already targeting, doesn't really expand that addressable market as such. But just wanted to get a bit more details about how you're thinking about the implications of -- in terms of just the addressable market opportunity for you? And the I have a follow-up.

    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
 
Hi. This is Cheng Li for Jay. Can you comment on the launch of cabo in DTC, given that it's almost like three months ahead of the PDUFA date? And also, if you're counting sales in DTC into your full year revenue guidance?

    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. It's a great question. It's not new. MonotaRO has been doing it for five or six years, I think. I may have that a little bit wrong, but something like that. They become better at it. The market in Japan is very, very different. I would say that there aren't distributors like Grainger serving customers with the kind of intensity that we have in the U.S. there, enterprise customers. And so we're going to keep Zoro focused on small and midsized businesses. There's a ton of runway with small and midsized businesses that -- and as they get better, we're seeing the fruits of that work. And so that's going to be our focus in the U.S.

    Prediction (one of UP, DOWN, SAME): UP
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 just on the -- from the 169, we're up to 178. So we continue to add customers. So it's a number of customers, as well as the revenue that continues to climb, and that's just really important to us, not only in cross-selling, but leveraging the overall power of the enterprise.
I think, if I understand your second question, it was really around how the quarter -- the current quarter is starting off?

    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
 
I think it's likely -- I don't -- look on a $100 million on either side of it, it's fine. There is some good loans out there, and that are yielding pretty good that our non-QM, that we actually like that are in our market. We can look at the property. We can look at the borrower and say there is no reason we shouldn't buy that loan. That is a really high quality loan. And now that we've done all the work to one of the things that happen as we did all the work to figure out how do we stem the flow of this portfolio and we ended up becoming really strong and having a deep understanding of what's out there. And so I think we want to use that knowledge to benefit our shareholders and to have high quality. So I don't really want to peg it at a number, it's not the area that we're looking to grow per se, but I would say $100 million on either side, it's probably comfortable 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
 
Yes, it's really leveraging operating expenses. So looking at our operating expenses really gave that difference between the operating margin as well as the gross margin decline there.

    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
 
All right, David. Thank you.

    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 most successful where the big players are in the cities where the big players are, whether you're talking about Chicago, Dallas, places like that. And we are, California is a very large state. And we're moving around to the next state. As Eric mentioned, Sacramento, Los Angeles and San Francisco, we're already there. We have plans to go to the other states that are and make sense along with California, on the West Coast. And we're not going to really talk about where we're going right now until we're there.

    Prediction (one of UP, DOWN, SAME): UP
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
 
Hi. Thank you. Let me add first my congratulations to Ellen and wish you a wonderful and healthy retirement. So thank you for your help.

    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
 
OK. Thanks for letting me come back on. So just maybe a couple of follow-ups. I was wondering if you could expand a little bit on the hedge fund sales acceleration.
So I see year-to-date is now double where you were last year. I was wondering if you could maybe talk about the different distribution channels where you're seeing that uptake. And then my question is out there. Second, I was wondering if you could maybe address capital deployment more broadly.
The dividend was much larger than I would have anticipated based on your sort of prior payout guide kind of thinking about that. And then maybe any sort of advancement of the strategic relationship with Delaware Life and sort of new product opportunity or new distribution opportunities? Thank you.

    Prediction (one of UP, DOWN, SAME): UP
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
 
Thanks, Omar.

    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 correct. I mean, there obviously we expect to receive the full $60 million within the first two years of the transaction. We expect to realize half of that in the first year. We don't necessarily expect to realize that on a ratable basis across the year, given we just taken possession of the asset. So we expect that to be back-end loaded in year one, but we are committed to delivering the $60 million within 24 months at close.

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