Wall Street analysts expect Corteva, Inc. (CTVA) to post quarterly earnings of $1.14 per share in its upcoming report, which indicates a year-over-year increase of 0.9%. Revenues are expected to be $4.65 billion, up 5.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Corteva, Inc. metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Seed' will likely reach $2.88 billion. The estimate suggests a change of +6.3% year over year.
Analysts' assessment points toward 'Revenue- Crop Protection' reaching $1.79 billion. The estimate indicates a change of +4.5% from the prior-year quarter.
Analysts expect 'Revenue- Crop Protection- Other' to come in at $121.64 million. The estimate indicates a change of -3.5% from the prior-year quarter.
The consensus estimate for 'Revenue- Seed- Other' stands at $120.77 million. The estimate points to a change of +9.8% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Crop Protection- Herbicides' at $912.97 million. The estimate indicates a year-over-year change of +6.2%.
Based on the collective assessment of analysts, 'Revenue- Crop Protection- Insecticides' should arrive at $360.32 million. The estimate points to a change of +7.2% from the year-ago quarter.
Analysts predict that the 'Revenue- Crop Protection- Fungicides' will reach $324.07 million. The estimate indicates a change of +6.6% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Seed- Soybean' will reach $320.25 million. The estimate points to a change of +5% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Seed- Corn' will reach $2.18 billion. The estimate indicates a year-over-year change of +5.3%.
According to the collective judgment of analysts, 'Revenue- Seed- Other oilseeds' should come in at $251.15 million. The estimate suggests a change of +12.6% year over year.
The collective assessment of analysts points to an estimated 'Operating EBITDA- Seed' of $948.01 million. Compared to the present estimate, the company reported $842.00 million in the same quarter last year.
Analysts forecast 'Operating EBITDA- Crop Protection' to reach $369.09 million. The estimate is in contrast to the year-ago figure of $377.00 million.
View all Key Company Metrics for Corteva, Inc. here>>>Over the past month, shares of Corteva, Inc. have returned -5.3% versus the Zacks S&P 500 composite's +12.2% change. Currently, CTVA carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Corteva, Inc. (CTVA): Free Stock Analysis Report
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