Corteva, Inc. CTVA reported mixed fourth-quarter results, after the closing bell on Wednesday.
Corteva, Inc. (NYSE:CTVA ) Q4 2024 Earnings Conference Call February 6, 2024 9:00 AM ET Company Participants Kim Booth - VP, IR Chuck Magro - CEO David Johnson - EVP and CFO Judd O'Connor - EVP, Seed Business Unit Robert King - EVP, Crop Protection Unit Conference Call Participants Christopher Parkinson - Wolfe Research Vincent Andrews - Morgan Stanley Joel Jackson - BMO Capital Markets Kevin McCarthy - Vertical Research Josh Spector - UBS David Begleiter - Deutsche Bank Salvator Tiano - Bank of America Edlain Rodriguez - Mizuho Frank Mitsch - Fermium Research Richard Garchitorena - Wells Fargo Kristen Owen - Oppenheimer Arun Viswanathan - RBC Capital Markets Ben Theurer - Barclays Bank Operator Thank you for standing by. My name is Janine and I will be your lead operator for today's call.
Although the revenue and EPS for Corteva, Inc. (CTVA) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Corteva, Inc. (CTVA) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.15 per share a year ago.
Evaluate the expected performance of Corteva, Inc. (CTVA) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Corteva, Inc. (CTVA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As the technology sector has attracted most of the stock market's attention—and capital—many new developments have been made in artificial intelligence and what's now being called quantum computing. As the technology becomes more widely available and commercialized, a few industries will call upon these services.
Corteva: A Wide-Moat Play On Commodity Prices
The return of President Trump to the White House in 2025 comes with all kinds of speculation regarding his trade policies and import tariffs. The United States agriculture industry is bracing for change.
Corteva highlights its financial framework through 2027. The company approves a new $3-billion share repurchase authorization.
Corteva, Dole, Adecoagro and Calavo Growers have been highlighted in this Industry Outlook article.
I reiterate a 'Buy' rating for Corteva with a fair value target of $68 per share, driven by anticipated margin expansion and end-market recovery. Corteva's Q3 results showed weak growth in Latin America, but benefits from raw material cost deflation and cost management are expected to enhance margins in FY25. Management forecasts a flat crop protection market for FY25, with significant cost reductions from lower seed commodity costs and deflationary raw materials.