Is Corteva Stock Underperforming the S&P 500?

Core Insights - Corteva, Inc. (CTVA) is a leading agricultural company with a market cap of $44.3 billion, providing seed and crop protection solutions along with digital services [1][2] Company Overview - CTVA is classified as a large-cap stock, emphasizing its significant size and influence in the agricultural inputs industry [2] - The company boasts a strong product pipeline and focuses on global agrarian needs through science-based innovations, operating in 125 countries for regional customization [2] - CTVA employs a flexible production strategy to ensure cost efficiency and adaptability to market demand [2] Stock Performance - CTVA's stock has declined 15.6% from its 52-week high of $77.41, with a 9.8% drop over the past three months, underperforming the S&P 500 Index's 6.2% gains [3] - Over the last six months, CTVA shares fell 8.3%, while gaining 5.3% over the past 52 weeks, lagging behind the S&P 500's six-month and one-year gains of 14.7% and 13.2%, respectively [4] - The stock has been trading below its 200-day moving average since early October but above its 50-day moving average since mid-November [4] Financial Performance - In Q3, CTVA reported an adjusted loss of $0.23 per share, outperforming Wall Street's expectation of a $0.49 loss, with revenue of $2.6 billion exceeding the forecast of $2.5 billion [5] - The company projects full-year adjusted EPS between $3.25 and $3.35, with revenue expectations ranging from $17.7 billion to $17.9 billion [5] Competitive Landscape - CTVA's competitor, FMC Corporation, has experienced significant stock declines, with a 66.2% drop over six months and 77.2% over the past year, highlighting CTVA's relative strength in the market [6]