Corteva, Inc. (NYSE:CTVA) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CTVA is expected to report 3Q20 loss of $ 0.42 per share from revenue of $ 1912.76 million.
For the full year, analysts anticipate top line of $ 14002.40 million, while looking forward to income of $ 1.38 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 13,984.00 million ~ $ 14,123.00 million, where as bottomline are predicted in a range of $ 1.25 ~ $ 1.45 per share
Click Here For More Historical Outlooks Of Corteva, Inc.
Previous Quarter Performance
Corteva, Inc. posted income for the second quarter of $ 1.26 per share, from the revenue of $ 5,191.00 million. The quarterly earnings decreased 11.27 percent while revenues fell 6.57 percent compared with the same quarter last year.
Wall street analysts are predicting, CTVA to report 2Q20 loss of $ 0.40 per share from revenue of $ 1909.85 million. The bottom line results beat street analysts by $ 1.66 or 415.00 percent, at the same time, top line results outshined analysts by $ 3,281.15 million or 171.80 percent.
Stock Performance
Shares of Corteva, Inc. traded low $ -0.55 or -1.64 percent on Tuesday, reaching $ 32.93 with volume of 3.57 million shares. Corteva, Inc. has traded high as $ 33.55 and has cracked $ 32.53 on the downward trend
According to the previous trading day, closing price of $ 32.93, representing a 64.28 % increase from the 52 week low of $ 20.38 and a 3.07 % decrease over the 52 week high of $ 34.54.
The company has a market capital of $ 24.65 billion and is part of the Basic Materials sector and Agricultural Inputs industry.
Recent Analyst recommendations
- On 19th October 2020, downgraded by Exane BNP Paribas to Underperform from Outperform rating
- On 7th October 2020, maintained by KeyBanc at Overweight rating, with $ 36.00 target price.
Corteva, Inc. provides agriculture products worldwide. The company develops and supplies germplasm and traits in corn, soybean, and sunflower seed markets.
