Corteva sees FY25 operating EPS $2.70-$2.95, consensus $3.19

Sees FY25 revenue $17.2B-$17.6B, consensus $17.26B. “Overall agriculture fundamentals remain constructive as record global consumption of corn and soybeans coupled with strong production in 2024 supported farm sector income levels. Global grain prices are recovering, and global stocks-to-use levels of corn are the tightest they have been in over a decade. On-farm demand remains strong as farmers continue to prioritize the need for top-tier technology to maximize their yields. We are beginning to see stabilization in the Crop Protection industry, with continued volume gains in the fourth quarter, yet we expect price pressure will persist. Finally, we expect the strong USD will impact the agricultural economy throughout 2025.”