We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Corteva, Inc. (CTVA) Reports Q4 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Corteva, Inc. (CTVA - Free Report) reported $3.71 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 3.1%. EPS of $0.15 for the same period compares to $0.16 a year ago.
The reported revenue represents a surprise of +4.64% over the Zacks Consensus Estimate of $3.54 billion. With the consensus EPS estimate being $0.06, the EPS surprise was +150.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Corteva, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Seed: $1.64 billion versus the four-analyst average estimate of $1.59 billion. The reported number represents a year-over-year change of -0.7%.
Revenue- Crop Protection: $2.07 billion versus the four-analyst average estimate of $1.93 billion. The reported number represents a year-over-year change of -4.9%.
Revenue- Crop Protection- Other: $364 million versus the two-analyst average estimate of $313.40 million.
Revenue- Seed- Other: $111 million versus the two-analyst average estimate of $130.94 million.
Revenue- Crop Protection- Herbicides: $991 million versus $824.27 million estimated by two analysts on average.
Revenue- Crop Protection- Insecticides: $442 million versus $515.53 million estimated by two analysts on average.
Revenue- Crop Protection- Fungicides: $275 million versus $243.41 million estimated by two analysts on average.
Revenue- Seed- Soybean: $145 million versus the two-analyst average estimate of $112.94 million.
Revenue- Seed- Corn: $1.31 billion compared to the $1.29 billion average estimate based on two analysts.
Revenue- Seed- Other oilseeds: $71 million compared to the $70.55 million average estimate based on two analysts.
Operating EBITDA- Seed: $145 million versus the four-analyst average estimate of $62.91 million.
Operating EBITDA- Corporate: -$26 million compared to the -$29 million average estimate based on four analysts.
Shares of Corteva, Inc. have returned -5.6% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Corteva, Inc. (CTVA) Reports Q4 Earnings: What Key Metrics Have to Say
Corteva, Inc. (CTVA - Free Report) reported $3.71 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 3.1%. EPS of $0.15 for the same period compares to $0.16 a year ago.
The reported revenue represents a surprise of +4.64% over the Zacks Consensus Estimate of $3.54 billion. With the consensus EPS estimate being $0.06, the EPS surprise was +150.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Corteva, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Seed: $1.64 billion versus the four-analyst average estimate of $1.59 billion. The reported number represents a year-over-year change of -0.7%.
- Revenue- Crop Protection: $2.07 billion versus the four-analyst average estimate of $1.93 billion. The reported number represents a year-over-year change of -4.9%.
- Revenue- Crop Protection- Other: $364 million versus the two-analyst average estimate of $313.40 million.
- Revenue- Seed- Other: $111 million versus the two-analyst average estimate of $130.94 million.
- Revenue- Crop Protection- Herbicides: $991 million versus $824.27 million estimated by two analysts on average.
- Revenue- Crop Protection- Insecticides: $442 million versus $515.53 million estimated by two analysts on average.
- Revenue- Crop Protection- Fungicides: $275 million versus $243.41 million estimated by two analysts on average.
- Revenue- Seed- Soybean: $145 million versus the two-analyst average estimate of $112.94 million.
- Revenue- Seed- Corn: $1.31 billion compared to the $1.29 billion average estimate based on two analysts.
- Revenue- Seed- Other oilseeds: $71 million compared to the $70.55 million average estimate based on two analysts.
- Operating EBITDA- Seed: $145 million versus the four-analyst average estimate of $62.91 million.
- Operating EBITDA- Corporate: -$26 million compared to the -$29 million average estimate based on four analysts.
View all Key Company Metrics for Corteva, Inc. here>>>Shares of Corteva, Inc. have returned -5.6% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.