Agriculture firm Corteva Q3 revenue beats estimates on seed demand

Corteva

04/11/2025 21:39

Corrects Adjusted EPS in Key Details to -$0.23 from -$23

Overview

Corteva Q3 revenue grows 13%, beating analyst expectations

Company raises full-year 2025 guidance due to strong YTD performance

Corteva plans separation into two independent companies by 2026

Outlook

Corteva raises full-year 2025 net sales guidance to $17.7 bln-$17.9 bln

Operating EBITDA for 2025 expected between $3.8 bln and $3.9 bln

Corteva expects 2025 operating EPS of $3.25 to $3.35

Result Drivers

CROP PROTECTION DEMAND - Double-digit volume growth in new products and biologicals drove Crop Protection results

SEED DEMAND - Demand for newest hybrids and varieties, strong operational execution, and growth in out-licensing boosted Seed results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.61 bln
$2.47 bln (15 Analysts)
Q3 Adjusted EPS
-$0.23


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "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 $79.00, about 21.4% above its November 3 closing price of $62.06

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nPn5dcnqZa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)