Corteva misses Q4 revenue expectations

Overview

• Agriculture firm's Q4 revenue missed analyst expectations

• Operating EBITDA for Q4 decreased 15% yr/yr

• Company remains on track for planned separation in H2 of 2026

Outlook

• Corteva expects 2026 operating EBITDA to be $4.0 bln to $4.2 bln

• Company anticipates 2026 operating EPS of $3.45 to $3.70 per share

• Corteva sees mixed global agriculture outlook with pricing pressures in key regions

Result Drivers

• SEED TECHNOLOGY - Demand for latest technology and productivity improvements drove Seed performance

• CROP PROTECTION VOLUME - Volume growth in new products and biologicals supported Crop Protection results, despite pricing pressure

• CASH GENERATION - Robust cash generation driven by earnings growth and efficient working capital management

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the agricultural chemicals peer group is "buy"

• Wall Street's median 12-month price target for Corteva Inc is $80.00, about 9.3% above its February 2 closing price of $73.20

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nPn8PQYzKa

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