Corteva Full Year 2024 Earnings: EPS Misses Expectations

Corteva (NYSE:CTVA) Full Year 2024 Results

Key Financial Results

• Revenue: US$16.9b (down 1.8% from FY 2023).
• Net income: US$851.0m (down 8.4% from FY 2023).
• Profit margin: 5.0% (down from 5.4% in FY 2023).
• EPS: US$1.23 (down from US$1.31 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Corteva EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%.

The primary driver behind last 12 months revenue was the Seed segment contributing a total revenue of US$9.55b (56% of total revenue). Notably, cost of sales worth US$9.53b amounted to 56% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$3.34b (51% of total expenses). Explore how CTVA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Corteva that you should be aware of before investing here.

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