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
 
Hi, good morning. Can you hear me?

    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
 
Gregg, on the fundamentals? No, not really. I mean, I think the you go back to a year ago with negative priced oil a day or two in April, those things certainly can surprise you. But we don't see the risk of a situation like that playing out again as the world has learned more about how to manage through this pandemic. So no, I don't see any negatives on the horizon. Again, just concerned about having adequate enough supply for this upcoming winter. And price shocks are -- can be damaging long-term to demand, but good in the short term. So I guess that would be the downside as prices get too high that could cause folks to rethink investments many years out.

    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, I think our Asia business continues to execute well. In the quarter, I think our incoming order rate was in the low teens, which is nice growth. We're continuing to see margin expansion, is another great story. Chris talked about that earlier. We had, I think, it's 270 basis points of margin. If you look at it on a two-year stack, if you go back four years from when we made the significant investment we did in our sales force, it's up over 500 basis points. So, we're very happy with our performance, what's happening right now in Asia. If your question is really around China, we see what the government is doing there as a tailwind for our business.
You think about what they're doing in the carbon trade market, I think they launched that in July. Again, that's -- we're all about decarbonizing the built environment, and we have the portfolio of products to do that. So, -- and again, if you look out further with their goals to be carbon neutral by 2060, we have -- we're going to play a big part in helping the government there achieve those targets. So, there's a big built environment there. There's a lot of product to replace and we have a great portfolio to help with the mission to decarbonize China specifically, but really the whole world.

    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. Where we look at it, what we're really talking about is we know the PPE will continue to unwind, if you will. That's the headwind we reference there. We still feel very good about some of the -- we've got 800 different tests.
There's several sections. We break up to about 18, 20 sections overall. There's many sections that are doing very well. It's just the PPE wind-down is the one that we're talking about, but we see other areas ramping up.
We're building teams. It's not like we're reducing a bunch of costs or anything like that. We're continuing to build out our teams because we know that the backlog is we're starting to see orders come in. As I mentioned on one of our previous calls, Tycho, there's a couple of sections in particular that are tied to regulatory and there's some uncertainty right now by the FDA, particularly on what test requirements they're going to have.
So we see customers starting to build some of that backlog with us, which is a little higher than normal, just waiting for the final sign off on protocols and what's required from the FDA.

    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, not really. Short answer.

    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. I mean, look, no doubt, Q1s by nature are the sort of lowest-growth quarters, the -- or the lowest-growth quarter that we normally have. And well, we just had a very strong Q1, especially considering the attrition that we experienced. The amount of gross growth that was generated this quarter in Q1 was outstanding. Look, there was also, I'll say, an easy comp versus Q1 FY 2021 as well. Look, Q2 tends to be a stronger quarter historically than Q1. And then you get into Q3 and Q4 normally being our strongest quarters just because it's the end of a fiscal year. Normally, our sales cycle is nine to 12 months, and the sales organization is gearing for -- to exceed their quotas and get into accelerators for commissions. So that's -- look, that's how I would view it. But I also want to be cautious here. And -- but yes, we're happy about Q1. I'll take this Q1 versus last 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. Well, we are pleased with that new logo growth, of course. And I'm also pleased with the size of some of these new deals that we're bringing in. We're getting larger deals.
And I think Appian can convey value at a larger scale. So to see those larger deals come in feels to me like a validation of my belief about where we can be in this market. And so that's another positive direction. You asked where the new logos were coming from.
They are coming mostly from partners. And our relationship with partners is better than ever. And we are -- we're getting a lot of lift, both from the customers that the partners bring us to and also the partners placement of their own solutions. So yeah, but definitely partners mostly.

    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
 
Well, as, I mean, we certainly believe that we're a strong company and our tremendous production capabilities would enable us to grow share. Really, in our industry, unfortunately, there's not good market share information that we can rely on, especially in North America. It's just not available. We are one of -- we're really the only stand-alone publicly traded company. And what we've seen through the years that the information is just not reliable. So we do not participate in any market share information that you may read as we have found it to be completely unreliable. So I can't answer that question specifically.
Now in South America, where we are able to use government information to help back into what we believe are accurate market share reports, we have seen our market share increase in South America. Hence, some of the comments we made earlier about the investments we've made over the last decade in Brazil and so I think your question, I would say, in Brazil, is true that the strength of who we are, with our capabilities in Brazil, has enabled us to continue to grow market share. And again, we've kind of used our government data to provide some information. I would say that's definitely the case. I mean I know our market share with the OEMs from when we did the acquisition in 2011 to where we are in 2021, has increased significantly, and as has our overall market share.
So in Brazil, I got a little more information that I would say, yes, Alex, what you asked is correct. In North America, I don't have any information, where I could even begin to answer that question for 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
 
If they're running good margins for the business that they're in and they show a prospect for growth, we'll buy them regardless of whether it's dilutive to our margin if they come in. They are what they are and if we can improve their margins, terrific. If they're already at the upper end of the scale, then terrific. But they just happen to be in a space that requires a significant amount of service. That maybe, let's say that their margins are 22%, but they have a good growth. We'll still buy them and we'll let you know. We've done that in the past, where we've said, a rolling impact of acquisitions had X, Y, or Z impact on our margins.

    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. No, so I think right now, clearly, the tubular market remains challenging. But what we are most focused on is the things that we can control. And the second part of your question, when you phone came back on, I think it was around EAF and things we're doing within the segment. So yes, I think the commercial environment will remain challenged. We have seen some improvement as oil prices have increased and incremental rigs have come online.
But the footprint decisions we made in the middle of 2020 to consolidate our tubular operations around Fairfield. We've worked our way through those idling carrying costs and believe kind of the fourth quarter is more reflective of what those costs will look like going forward. And we will be in a position to more fully realize the benefits of the electric arc furnace in 2021, particularly the second through the fourth quarter.
So I think we're taking the actions we believe are necessary to best position the tubular business. Imports remain very high in this end market. But we're focused on what we control, and we believe we pulled at least the two most meaningful levers operationally within our control. We're also seeing good continued market acceptance of our premium connections, which we know is a way to increase our value-added market participation.
We had record premium connection shipments in 2020, and we'd expect fully to set a new record in 2021. So while the market is difficult, the actions we've taken, we believe, are the right ones. We believe they're the ones that are most within our control, and we're trying to position the tubular business in 2021 to be as successful as possible.

    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
 
Not yet, we still have the majority of our bookings coming from our existing installed base, kind of over 75% of our business activity is from clients that we have done business with. We would expect that to be an impact in the future, but not for this year, units still been. And with COVID still virtual selling, you would expect it to kind of still stay that way a little bit until you have people kind of a little bit out and interacting kind of live more than we are right now.

    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, if there were an update on that we would have provided it. We're in dialogue with the agencies, and when we get somewhere, we'll let you know, but that's an ongoing discussion that we're having.

    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
 
Ruplu, let me add one more thing to that. In this environment, as Kurt said, when you have a lot of material shortages, our operational efficiencies are not very good. If we can -- once we improve that, we definitely know we can deliver the better bottom line. So combination of growth and steady output on daily basis will drive our margins substantially. So we did lot of work this year and that's very important to understand on, what I call, internal processes to improve the costs long-term, and I think that's going to start showing up, as we get a better, how do I say, handle on material shortages, and we start growing a little bit.

    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 think there -- certainly occupancy and rates were stable, you might not be able to sustain the margin that we ran in the quarter and particularly in March. But I think what we'll see is that labor is going to come back in lockstep with demand increases, we believe, and certainly based on our forecasting. So I think it's really hard to say labor is going up by X or by Y. We are pretty confident that we're going to be able to obviously continue to improve margins than we are today, in part because I think we've learned a lot.
We all have learned a lot about staffing models and structure of the business and what gets done and who does it and what positions maybe we had a lot of overlap. So I think the best answer I can give is that it will move at least in the near term in relative lockstep with increases. But certainly, we are still very confident that we end up with a more refined cost model when we get back to stabilization than we had pre-COVID.

    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. It's a great question. And the answer right now is no one really knows because nothing has been approved yet. But I think directionally, as you well know, historically, capex in the U.S.
water utility space, which is really what we're talking about, is more on the capex side, has not been funded by federal legislation. And so if this pilot money comes through, I mean, quite frankly, on a relative basis, right now, the number is around $110 billion, I believe. That, to me, personally, is underwhelming relative to the price tag of the rest of infrastructure was being kicked around. And so I think by the time you spread that out across the utilities in the states or at a local level, I don't think it's going to put as much pressure on utilities, as you pointed out.
Moving away from otherwise progress, they would be forced to make to protect their investments. So we'll see when we get there. That's not the rumbling that we're getting. I mean, we stay close, for example, to NACWA, which, you will know, is the North American Clean Water Association.
And that's one of the questions we ask of those large utility players is what do they think about the proposed bill. They're encouraged, but they're not making any plans based on it right now, I mean, not at least widespread.

    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
 
Yes. It's an interesting question, Ken. I mean what I would say is right now, we're encouraged by some of the signs we're seeing in increased economic activity, and that's translating into increased industry capacity utilization. So -- and that comment would apply certainly to North America as well as South America.
We're, of course, carefully monitoring the inflationary increases in freight, packaging, chemicals. And what we're witnessing right now are our customers are announcing price increases to retail and consumers. And there's no doubt that's all going to be factored into our pricing negotiations with customers ultimately in 2022. But right now, I think we're encouraged by the volume pickup. And we're seeing increased economic activity, which is increasing capacity utilization. So we're very encouraged by 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
 
Yeah, so look, this past year at $54 million was on the low end of the sustaining needs of the business, it's closer to a $60 million to $70 million type of level, which again is what you might consider low. I would say pre-pandemic there were a number of large expansion projects we're going through. For example, the paper mill, as that's completed, that doesn't happen again. So it's going to be in this range until there is specific projects that meet our hurdle rates. But this is kind of where the business is, that's why you love these businesses. They don't require a tremendous amount of cash on an annual basis, and that's why they do have a high free cash flow generation capability.

    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
 
Thanks, Chris and thanks for the questions. Regarding the communication to date, since our disclosures and our communication in mid-October, I think we would characterize them fairly ordinary course relative to a company like ours in the late stages of a regulatory review. The work has continued, the agency [Phonetic] as we stated back in October, requested, they needed more time and that's exactly what they've what has occurred. And again, I would -- I think the way we would characterize it as are back and forth with them are things that are typical at this stage of an NDA review. As it relates to timelines, again there is nothing we have to share at this stage with regards to timing, we're very pleased that the activity has continued on the NDA and are excited about the prospects of bringing it to a successful conclusion here hopefully sooner. As it relates to the pre-commercial activities, maybe I'll ask Richard to comment on that initially, and then I'll add some additional color as necessary. Richard?

    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
 
You bet. You bet. Happy to, David, and appreciate the question. Yes, we're optimistic that international is now starting to go back to work in certain markets, probably most excited about Latin America and the Middle East and as well expect Russia to pick up a bit. Typically, it's low seasonally through the winter period. But specifically, we're starting to see tenders for bulk sales of things like bits, fishing tools, downhole drilling motors, those sorts of things be let and an indication that we think a lot of national oil companies are getting ready to go back to work. Recently saw a compilation of NOC budgets for 2021 and some pretty solid double-digit year-over-year growth rates expected. And generally, the group that was included or getting back closer to kind of where they were in 2019. And so we think that's indicative of the oilfield in international starting to recover in the way, hopefully, that North America has. I think higher crude prices are supportive of that. And so we're optimistic that, that should continue to unfold as we progress through the summer.

    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
 
100%.

    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
 
Thanks for taking my question. Just wondering if you could provide an estimate for what the idling costs for mine for might be. Just so we can understand what the cashflow impacts are in, in 2021.

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