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Corteva, Inc. (CTVA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-08-06 23:32
Core Insights - Corteva, Inc. reported revenue of $6.46 billion for the quarter ended June 2025, marking a year-over-year increase of 5.6% and exceeding the Zacks Consensus Estimate by 3.36% [1] - The company's EPS for the same period was $2.20, up from $1.83 a year ago, representing a surprise of 16.4% over the consensus estimate of $1.89 [1] Revenue Breakdown - Seed revenue reached $4.54 billion, surpassing the estimated $4.46 billion, with a year-over-year increase of 4.8% [4] - Crop Protection revenue was $1.92 billion, exceeding the $1.8 billion estimate, reflecting a 7.8% year-over-year increase [4] - Crop Protection - Other revenue was $49 million, significantly below the $88.17 million estimate, showing a decline of 71.2% year-over-year [4] - Seed - Other revenue was $133 million, lower than the estimated $168.43 million, representing an 8.3% decrease year-over-year [4] - Crop Protection - Herbicides revenue was $995 million, above the $951.43 million estimate, with a year-over-year increase of 5.2% [4] - Crop Protection - Insecticides revenue was $436 million, exceeding the $413.11 million estimate, reflecting a 5.1% year-over-year increase [4] - Crop Protection - Fungicides revenue was $342 million, surpassing the estimated $261.53 million, with a significant year-over-year increase of 36.8% [4] - Seed - Soybean revenue was $1.26 billion, slightly below the estimated $1.31 billion, showing a decline of 4.6% year-over-year [4] - Seed - Corn revenue was $2.96 billion, exceeding the estimated $2.74 billion, with a year-over-year increase of 10.4% [4] - Seed - Other oilseeds revenue was $186 million, below the estimated $218.94 million, with no change year-over-year [4] Operating Performance - Operating EBITDA for Seed was $1.86 billion, above the average estimate of $1.77 billion [4] - Operating EBITDA for Corporate was reported at -$33 million, slightly worse than the estimated -$32.4 million [4] Stock Performance - Corteva, Inc. shares have returned -5.4% over the past month, compared to a +0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]