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Corteva (CTVA)
NYSE:CTVA
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Earnings Data
Report Date
Feb 05, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.32Last Year’s EPS
$0.15Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -8.79%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with both positive and negative aspects. While there are significant achievements in cost management, crop protection growth, and a strong seed business, challenges such as an operating loss, lowered guidance, and competitive pressures in crop protection are notable. The outlook for 2025 appears optimistic with expected earnings growth, but the current market dynamics introduce uncertainty.Company Guidance
During the Corteva Agriscience Q3 2024 earnings call, the company provided guidance for the remainder of the year and a preliminary outlook for 2025. While Corteva faced an operating loss in Q3, they are on track to achieve over $400 million in controllable savings for the year. The Crop Protection business showed earnings and margin growth, contributing to a year-to-date operating EBITDA of approximately $2.9 billion, albeit down 5% from the previous year. Corteva updated its full-year operating EBITDA guidance to a midpoint of $3.4 billion, reflecting the impact of challenging Latin American market conditions, while aiming for an EBITDA margin of 20%. The company anticipates free cash flow between $1.5 billion and $2 billion and plans to complete $1 billion in share repurchases. Looking ahead to 2025, Corteva expects double-digit operating EBITDA growth, driven by continued investment in innovation, with a projected EBITDA range of $3.6 billion to $4.0 billion and margins expanding to 21% to 23%. The guidance assumes low single-digit seed pricing growth and a flat crop protection industry, with new products and biologicals driving volume gains.Cost Management and Savings
Corteva is on track to deliver over $400 million in savings from controllables this year, with notable improvements in net royalties, crop protection raw material deflation, and productivity actions.
Crop Protection Business Growth
The Crop Protection business showed earnings and margin growth, driven by demand for differentiated technology, with volume gains in Latin America and North America.
Strong Seed Business Performance
The Seed business drove approximately $175 million in controllable benefits on a year-to-date basis, with pricing gains in most regions and notable share gains in North America.
Positive Outlook for 2025
Corteva expects to return to double-digit earnings growth in 2025, driven by factors in their control, including continued investment in innovation and a strong product pipeline.
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CTVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $61.57 | $58.48 | -5.02% |
| Jul 31, 2024 | $55.78 | $52.70 | -5.52% |
| May 01, 2024 | $53.45 | $56.49 | +5.69% |
| Jan 31, 2024 | $44.96 | $53.44 | +18.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Corteva (CTVA) report earnings?
Corteva (CTVA) is schdueled to report earning on Feb 05, 2025, After Close Not Confirmed.
What is Corteva (CTVA) earnings time?
Corteva (CTVA) earnings time is at Feb 05, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTVA EPS forecast?
CTVA EPS forecast for the fiscal quarter 2024 (Q4) is $0.32.
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