Corteva Inc reports results for the quarter ended June 30 - Earnings Summary

• Corteva Inc CTVA.N reported quarterly adjusted earnings of $2.20​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.83. The mean expectation of nineteen analysts for the quarter was for earnings of $1.89 per share. Wall Street expected results to range from $1.75 to $2.02 per share.

• Revenue rose 5.6% to $6.46 billion from a year ago; analysts expected $6.27 billion.

• Corteva Inc's reported EPS for the quarter was $1.92​.

• The company reported quarterly net income of $1.31 billion.

• Corteva Inc shares had fallen by 3.0% this quarter and gained 26.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the agricultural chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Corteva Inc is $81.00, about 12.1% above its last closing price of $71.17

This summary was machine generated from LSEG data August 6 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)