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Corteva, Inc. (CTVA) Outpaces Stock Market Gains: What You Should Know
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Corteva, Inc. (CTVA - Free Report) closed the most recent trading day at $57, moving +0.99% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.93%. At the same time, the Dow added 0.56%, and the tech-heavy Nasdaq gained 1.71%.
Coming into today, shares of the agriculture had lost 1.02% in the past month. In that same time, the Consumer Staples sector lost 4.15%, while the S&P 500 gained 4.61%.
Investors will be hoping for strength from Corteva, Inc. as it approaches its next earnings release. The company is expected to report EPS of $1.63, down 0.61% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.54 billion, up 4.66% from the year-ago period.
CTVA's full-year Zacks Consensus Estimates are calling for earnings of $2.99 per share and revenue of $18.73 billion. These results would represent year-over-year changes of +11.99% and +7.32%, respectively.
It is also important to note the recent changes to analyst estimates for Corteva, Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. Corteva, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Corteva, Inc.'s current valuation metrics, including its Forward P/E ratio of 18.89. This represents a no noticeable deviation compared to its industry's average Forward P/E of 18.89.
We can also see that CTVA currently has a PEG ratio of 1.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Agriculture - Operations industry currently had an average PEG ratio of 1.3 as of yesterday's close.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 215, putting it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Corteva, Inc. (CTVA) Outpaces Stock Market Gains: What You Should Know
Corteva, Inc. (CTVA - Free Report) closed the most recent trading day at $57, moving +0.99% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.93%. At the same time, the Dow added 0.56%, and the tech-heavy Nasdaq gained 1.71%.
Coming into today, shares of the agriculture had lost 1.02% in the past month. In that same time, the Consumer Staples sector lost 4.15%, while the S&P 500 gained 4.61%.
Investors will be hoping for strength from Corteva, Inc. as it approaches its next earnings release. The company is expected to report EPS of $1.63, down 0.61% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.54 billion, up 4.66% from the year-ago period.
CTVA's full-year Zacks Consensus Estimates are calling for earnings of $2.99 per share and revenue of $18.73 billion. These results would represent year-over-year changes of +11.99% and +7.32%, respectively.
It is also important to note the recent changes to analyst estimates for Corteva, Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. Corteva, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Corteva, Inc.'s current valuation metrics, including its Forward P/E ratio of 18.89. This represents a no noticeable deviation compared to its industry's average Forward P/E of 18.89.
We can also see that CTVA currently has a PEG ratio of 1.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Agriculture - Operations industry currently had an average PEG ratio of 1.3 as of yesterday's close.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 215, putting it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.