Corteva trims full-year EBITDA guidance, with top end 'probably off the table' [Seeking Alpha]
Corteva, Inc. (CTVA)
Last corteva, inc. earnings: 1/30 06:00 am
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Source: Seeking Alpha
America, particularly in Brazil and Argentina, mean the company likely will fall short of its earlier 2024 profit forecast While confident in the company's prior guidance for full-year EBITDA of $3.4B-$3.6B, the top end is "probably off the table," Corteva ( CTVA ) CEO Chuck Magro told a BMO agriculture conference. The CEO said corn planting in Argentina has been a headache for farmers recently due to a lack of adequate rainfall, and growers are bracing for more dryness ahead as a La Niña climate pattern develops, and possible dryness could hurt Brazil's next corn crop, although it is too early to tell. Before Magro's remarks, Wells Fargo reiterated Corteva ( CTVA ) as its "preferred name on resilient seed," citing higher conviction on earnings growth in 2025 due to the resilience of its seed business. Wells Fargo's Richard Garchitorena anticipates several positive catalysts coming in November, including Q3 results where Corteva ( CTVA ) will provide details on 2025 guidance -
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CTVA
News
- Micropep Closes Series B Round at $40M After Supplemental Funding Raised From Corteva, and SparkfoodBusiness Wire
- Institutional investors are Corteva, Inc.'s (NYSE:CTVA) biggest bettors and were rewarded after last week's US$1.2b market cap gain [Yahoo! Finance]Yahoo! Finance
- Corteva, Inc. (NYSE: CTVA) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $65.00 price target on the stock.MarketBeat
- Scientists develop climate-resistant ‘short corn' with larger yields [Fortune]Fortune
- Corteva to Participate in BMO Ag-ApaloozaPR Newswire
CTVA
Earnings
- 7/31/24 - Beat
CTVA
Sec Filings
- 9/18/24 - Form 4
- 9/18/24 - Form 3
- 8/29/24 - Form 4
- CTVA's page on the SEC website