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Wall Street Bulls Look Optimistic About Corteva, Inc. (CTVA): Should You Buy?
Zacks Investment Research· 2024-04-04 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Corteva, Inc. (CTVA) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Corteva, Inc. currently has an averag ...
Corteva's Strategic Ascend Post DowDuPont Split: Bridging Valuation Gaps
Seeking Alpha· 2024-04-02 18:40
lovelyday12 Corteva, Inc. (NYSE:CTVA), spun off from the massive company, DowDuPont, has successfully realized the benefits of such reorganization to date outperforming S&P 500 Index in the past five years. However, there is still a notable gap between the value of Corteva today and the value of its peers such as Monsanto and Syngenta before privatization. Given its solid business fundamentals as well as a tremendous number of intellectual properties, Corteva remains as an attractive investment for inve ...
Corteva Launches Corteva Catalyst
Prnewswire· 2024-03-19 12:00
New Investment and Partnership Platform Will Accelerate Next Generation Ag-tech Innovation   INDIANAPOLIS, March 19, 2024 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) today announced the launch of Corteva Catalyst, a new investment and partnership platform focused on accessing and bringing to market agricultural innovations that advance the company's R&D priorities and drive value creation. Corteva Catalyst will partner with entrepreneurs and innovators to accelerate the development of early-stage, disruptive ...
Earnings Crushers: Unveiling Q4's 3 Top Stock Superstars
InvestorPlace· 2024-03-11 19:07
As of March 1, virtually all S&P 500 companies had already reported earnings. Approximately 73% beat the earnings estimates, leaving investors with plenty of top stock superstars to choose from that blew through Wall Street’s expectations. Identifying the best earnings winners from this profitable bunch will be important for investors. The good news is that these companies’ earnings on an aggregated basis increased by 4% over Q4 2022. That would be the second consecutive quarter of earnings growth. The bad ...
Corteva, Inc. (CTVA) Bank of America Securities 2024 Global Agriculture & Materials Conference (Transcript)
2024-02-28 18:55
Corteva, Inc. (NYSE:CTVA) Bank of America Securities 2024 Global Agriculture & Materials Conference Call February 28, 2024 9:10 AM ET Company Participants Dave Anderson - Chief Financial Officer Chuck Magro - Chief Executive Officer Conference Call Participants Steve Byrne - Bank of America Steve Byrne I want to get going on this one with Corteva. We have so much to talk about. But I want to make sure you know who is up here with me: Dave Anderson, CFO of Corteva and Chuck Magro, CEO. Chuck has been in this ...
Corteva to Participate in Bank of America Securities 2024 Global Agriculture & Materials Conference, February 28
Prnewswire· 2024-02-22 13:00
Register to attend live webcast INDIANAPOLIS, Feb. 22, 2024 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) announces that Chief Executive Officer, Chuck Magro, and Executive Vice President and Chief Financial Officer, Dave Anderson, will speak at the Bank of America Securities 2024 Global Agriculture & Materials Conference at 9:10 a.m. Eastern Time on Wednesday, February 28, 2024. Remarks will be webcast live. Registration for the webcast can be accessed through the Corteva Investor Relations website. A replay ...
Corteva(CTVA) - 2023 Q4 - Annual Report
2024-02-07 16:00
Inventory Management - As of December 31, 2023, approximately 60% of the company's inventories were accounted for under the FIFO method, up from 55% in 2022[649]. Acquisitions - The company completed the acquisitions of Stoller and Symborg in March 2023, which represent approximately 1% of total assets and 2% of net sales[640]. Financial Risk Management - The company has established various programs to manage financial market risks, including the use of derivative instruments to hedge exposure to foreign currency and commodity price risks[629]. - The fair value of outstanding foreign currency contracts was reported at $25 million as of December 31, 2023, with a potential loss sensitivity of $492 million under a hypothetical 10% adverse change in exchange rates[657]. - The company uses foreign exchange contracts to offset net exposures related to foreign currency-denominated monetary assets and liabilities[656]. - The company has significant international operations, with primary currency exposure to the Brazilian Real, Euro, Swiss Franc, Canadian Dollar, and Argentine Peso[656]. Credit Risk Management - The company has not sustained credit losses from instruments held at financial institutions, indicating strong credit risk management[658]. - The company maintains a diverse customer base, with sales not materially dependent on any single customer, reducing credit risk[633]. Asset Management - The company evaluates the carrying value of long-lived assets and recognizes impairment losses when projected undiscounted cash flows are less than the carrying value[663]. Revenue Recognition - The company recognizes revenue when the customer obtains control of promised goods or services, following a five-step process for revenue recognition[665]. Internal Controls - The company's disclosure controls and procedures were evaluated as effective by the CEO and CFO as of December 31, 2023[639]. - PricewaterhouseCoopers LLP audited the effectiveness of the company's internal control over financial reporting as of December 31, 2023[666]. - EIDP maintains a system of disclosure controls and procedures to ensure timely reporting of required information under the Securities Exchange Act of 1934[667]. - There have been no changes in EIDP's internal control over financial reporting during the quarter ended December 31, 2023, that materially affected its internal control[668].
Corteva(CTVA) - 2023 Q4 - Earnings Call Transcript
2024-02-01 16:11
Corteva, Inc. (NYSE:CTVA) Q4 2023 Earnings Conference Call February 1, 2024 9:00 AM ET Company Participants Kim Booth - Vice President , Investor Relations Chuck Magro - Chief Executive Officer Dave Anderson - Executive Vice President & Chief Financial Officer Tim Glenn - Executive Vice President, Seed Business Unit Robert King - Executive Vice President, Crop Protection Business Unit Conference Call Participants Vincent Andrews - Morgan Stanley David Begleiter - Deutsche Bank Joel Jackson - BMO Capital Mar ...
Corteva(CTVA) - 2023 Q4 - Earnings Call Presentation
2024-02-01 14:59
$1,635 Corn Soybean 16% reported growth 14% organic(1) growth Other oilseeds(3) 6% reported growth 10% organic(1) growth Other(4) 4Q 2023 Revenue by Product Line (2)% reported growth (4)% organic(1) growth Summary Takeaways Price increases globally, led by Latin America Higher seasonal deliveries in North America(5) and EMEA(5), offset by lower expected planted area in LATAM Costs are approximately flat year-over-year, with $30M productivity offset by market-driven headwinds (1) Organic sales growth is a no ...
Corteva, Inc. (CTVA) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-01 01:01
Corteva, Inc. (CTVA) 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 St ...