Corteva Inc reports results for the quarter ended in September 30 - Earnings Summary
Corteva Inc CTVA.N reported a quarterly adjusted loss of 49 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -23 cents. The mean expectation of eighteen analysts for the quarter was for a loss of 30 cents per share. Wall Street expected results to range from -40 cents to -23 cents per share.
Revenue fell 10.2% to $2.33 billion from a year ago; analysts expected $2.70 billion.
Corteva Inc's reported EPS for the quarter was a loss of 76 cents.
The company reported a quarterly loss of $524 million.
Corteva Inc shares had risen by 5.0% this quarter and gained 28.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 9.3% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the agricultural chemicals peer group is also "buy"
Wall Street's median 12-month price target for Corteva Inc is $65.00
This summary was machine generated from LSEG data November 7 at 04:19 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | -0.30 | -0.49 | Missed |
Jun. 30 2024 | 1.73 | 1.83 | Beat |
Mar. 31 2024 | 0.84 | 0.89 | Beat |
Dec. 31 2023 | 0.06 | 0.15 | Beat |
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