Compared to Estimates, Corteva, Inc. (CTVA) Q2 Earnings: A Look at Key Metrics

Core Insights - Corteva, Inc. reported revenue of $6.11 billion for the quarter ended June 2024, reflecting a 1.1$6.1 billion by 0.14% [1] - The company's EPS was $1.83, up from$1.60 in the same quarter last year, surpassing the consensus estimate of $1.74 by 5.17$4.33 billion, slightly below the average estimate of $4.36 billion, with a year-over-year increase of 1.6$1.78 billion, marginally missing the estimate of $1.79 billion, showing no change from the previous year [4] - Other Crop Protection revenue was$170 million, below the estimate of $174.47 million, representing a significant decline of 19.8$145 million, compared to the estimate of $171.61 million, marking a 2.1$946 million, falling short of the $994.99 million estimate, with a year-over-year decrease of 4.1$415 million, slightly below the estimate of $424.78 million, but showing a strong year-over-year increase of 25.4$250 million, below the estimate of $301.89 million, with a minor decline of 0.8$1.32 billion, matching the estimate and reflecting a 4.9% increase year-over-year [11] - Seed-Corn revenue was $2.68 billion, exceeding the estimate of$2.59 billion, with a 0.4% increase year-over-year [12] - Seed-Other oilseeds revenue was $186 million, below the estimate of$225.09 million, representing a 4.1% decline year-over-year [13] Operating Metrics - Operating EBITDA for Seed was $1.70 billion, surpassing the average estimate of$1.54 billion [14] - Operating EBITDA for Corporate was -$36 million, worse than the average estimate of -$28.88 million [15] Stock Performance - Corteva, Inc. shares have returned +5.2% over the past month, outperforming the Zacks S&P 500 composite, which declined by -0.4% [15]