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Corteva, Inc. (CTVA) Reports Next Week: Wall Street Expects Earnings Growth
CTVACorteva(CTVA) ZACKS·2024-07-24 15:07

Earnings Expectations for Corteva, Inc. - Corteva, Inc. is expected to report quarterly earnings of 1.74pershare,reflectingayearoveryearincreaseof+8.81.74 per share, reflecting a year-over-year increase of +8.8% [2] - Revenues for Corteva are anticipated to be 6.13 billion, which is a 1.4% increase from the same quarter last year [3] - The consensus EPS estimate for Corteva has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [10] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that Corteva's Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.11%, suggesting a bearish outlook [19] - Despite a history of beating consensus EPS estimates in the last four quarters, the current combination of a negative Earnings ESP and a Zacks Rank of 4 makes it difficult to predict a beat for the upcoming report [21][22] Industry Context - Archer Daniels Midland (ADM), another player in the agriculture sector, is expected to report earnings of 1.29pershare,whichrepresentsayearoveryeardeclineof31.81.29 per share, which represents a year-over-year decline of -31.8% [25] - ADM's revenues are projected to be 23.24 billion, down 7.8% from the previous year [25] - The consensus EPS estimate for ADM has been revised up by 3.4% over the last 30 days, but it currently has an Earnings ESP of -6.44%, indicating a lower Most Accurate Estimate [26]