CTVA Earnings Prediction
The chart below shows how CTVA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CTVA sees a -0.86% change in stock price 10 days leading up to the earnings, and a +0.10% change 10 days following the report. On the earnings day itself, the stock moves by -0.04%. This data can give you a slight idea of what to expect for the next quarter's release.
CTVA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.33B
-10.19%
-61.94%
Gross Margin
25.41%
-14.53%
-48.57%
Operating Margin
-18.36%
108.64%
-169.84%
Net Margin
-22.31%
83.47%
-229.11%
EPS
-0.76
-68.89%
-150.33%
No Data Available
CTVA Earnings Analysis
Corteva, Inc. Common Stock Corporation (CTVA.N) Earnings Conference Call
Positive
Cost Management Success: 1. Cost Savings Initiatives: Corteva is on track to deliver over $400 million in savings from controllable costs this year, demonstrating effective cost management despite market challenges.
Seed Business Success: 2. Strong Seed Business Performance: The seed business has generated approximately $175 million in controllable benefits year-to-date, driven by productivity improvements and pricing gains in most regions.
Crop Protection Volume Gains: 3. Crop Protection Volume Growth: Corteva reported a second consecutive quarter of volume gains in the crop protection segment, contributing to notable operating EBITDA growth and margin improvement.
Free Cash Flow Outlook: 4. Free Cash Flow Guidance: The company reaffirmed its free cash flow guidance for 2024, expecting to generate between $1.5 billion and $2 billion, indicating strong cash generation capabilities.
Share Repurchase Strategy: 5. Share Repurchase Commitment: Corteva is committed to completing $1 billion in share repurchases for the full year 2024, reflecting confidence in its financial position and shareholder returns.
Negative
Organic Sales Decline: 1. Declining Organic Sales: Corteva reported a 5% decrease in organic sales for Q3 2024 compared to the prior year, with seed sales down 17% and crop protection sales only up 1%.
Seed Volume Decline: 2. Significant Seed Volume Decline: Year-to-date seed volumes fell by 3%, primarily due to reduced planted area in Argentina, with a notable 12% drop in Q3 alone.
EBITDA Decline Analysis: 3. Operating EBITDA Decrease: The company's operating EBITDA for the year-to-date period was approximately $2.9 billion, reflecting a 5% decline compared to the previous year, with a margin of 22% remaining flat year-over-year.
Revised Sales Forecast: 4. Lowered Full-Year Guidance: Corteva updated its full-year net sales guidance to a range of $17 billion to $17.2 billion, indicating a 1% decrease at the midpoint compared to the prior year, primarily due to lower planted area in Argentina and adverse weather conditions in Brazil.
Lowered EPS Forecast: 5. Reduced Operating EPS Expectations: The company now expects operating EPS to be in the range of $2.50 to $2.60, representing a 5% decline compared to the previous year.
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CTVA Earning Call Sentiment
Corteva, Inc. (CTVA) Q3 2024 Earnings Conference Call Transcript
1.0x
00:00
00:00
CTVA.N
0.78%Positive
The earnings call reflects several challenges: lowered sales guidance, economic and currency headwinds, and weather-related risks, particularly in Latin America. Although there are positives like new product launches and a share repurchase program, the Q&A revealed concerns about cost management and unclear guidance. The combination of these factors suggests a negative sentiment, likely leading to a stock price decline of -2% to -8% over the next two weeks.