Corteva(US:CTVA) ZACKSยท2024-11-06 23:45Core Insights - Corteva, Inc. reported a quarterly loss of $0.49 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.31, and compared to a loss of $0.23 per share a year ago, indicating a significant earnings surprise of -58.06% [1] - The company posted revenues of $2.33 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 13.39% and down from $2.59 billion in the same quarter last year [2] - Corteva's shares have increased by approximately 28.9% since the beginning of the year, outperforming the S&P 500's gain of 21.2% [3] Earnings Outlook - The future performance of Corteva's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook, which includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $0.23 on revenues of $3.86 billion, and for the current fiscal year, it is $2.66 on revenues of $17.18 billion [7] Industry Context - The Agriculture - Operations industry, to which Corteva belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting that the industry's outlook could materially impact Corteva's stock performance [8] - Another company in the same industry, Dole, is expected to report quarterly earnings of $0.20 per share, reflecting a year-over-year decline of -16.7%, with revenues projected at $2 billion, down 2.1% from the previous year [9][10]