Corteva, Inc. · CTVA · FY2024 Q4 · Calendar Q1 2025

Corteva Maintains 2025 Outlook as Seed and Crop Protection Trends Diverge

The supplied analysis supports a constructive but conditional view: resilient seed demand, Brazil crop-protection strength, cost savings, and licensing provide support for Corteva’s outlook, while currency, pricing, weather, and working-capital risks could limit delivery.

Reported After market closeNYSEBasic Materials $8.85B market cap
70quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.35
EPS surprise — Reported versus consensus
Reported revenue — Consensus $4.04B
Revenue surprise — Reported versus consensus

Market reaction

event-close to next-session close
Stock move -2.3% Event window
SPY move +0.3% Same window
Abnormal move -2.6% Stock minus SPY
Volume 3.2× Versus trailing sessions
Subsequent drift -2.9% Up to 20 sessions
CTVASPY benchmark

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Transcript intelligence

What changed

Management’s emphasis was on maintaining the outlook while pointing to strong seed execution, Brazil-led crop-protection margin expansion, and additional cost and licensing initiatives. The supplied data do not include reported EPS or revenue actuals, so the earnings beat-or-miss picture remains missing.

Guidance delta

Management maintained its 2025 guidance, with roughly 10% EBITDA growth, 100–150 basis points of margin expansion, and a $1 billion share-repurchase program.

Key takeaways

  • Management described strong seed performance and market-share gains, while crop protection benefited from Brazil demand.
  • The call highlighted cost improvements, raw-material deflation, and licensing as support for the outlook.
  • Currency, pricing, weather, and working-capital normalization remain the main execution risks.

Management priorities

  • Launch approximately 300 new seed hybrids and varieties in 2025.
  • Deliver $300–$400 million of 2025 cost improvements and continue productivity efforts.
  • Expand Enlist, Concessa, and Paracort licensing while developing the biologicals portfolio.

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Earnings History

Estimate Beat Miss Match
CTVA EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $0.82 Q1 '24 actual $0.89, beat Q2 '24 estimate $1.73 Q2 '24 actual $1.83, beat Q3 '24 estimate $-0.30 Q3 '24 actual $-0.49, miss Q2 '25 estimate $1.89 Q2 '25 actual $2.20, beat Q3 '25 estimate $-0.51 Q3 '25 actual $-0.23, beat Q4 '25 estimate $0.22 Q4 '25 actual $0.22, match Q1 '26 estimate $1.17 Q1 '26 actual $1.50, beat Q2 '26 estimate $2.24 Q2 '26 actual $2.30, beat Q3 '26 estimate $-0.06 Q4 '26 estimate $0.27 Q1 '27 estimate $1.47
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Analyst Consensus ?

ConsensusBuy36 ratings
Bullish2466.7%
Neutral1027.8%
Bearish25.5%

Analyst 52W Price Targets

$13.3Current
$15Low
$62.4Average
$101High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 13, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Keybanc Overweight Sector WeightUpgradeOct 7, 2026
JP Morgan Overweight NeutralUpgradeOct 6, 2026
Argus Research Buy BuyMaintainSep 18, 2026
Citigroup Neutral NeutralMaintainSep 17, 2026
UBS Neutral NeutralMaintainSep 16, 2026
RBC Capital Outperform OutperformMaintainSep 16, 2026
BMO Capital Outperform OutperformMaintainSep 16, 2026
Oppenheimer Outperform OutperformMaintainJul 23, 2026
B of A Securities Buy BuyMaintainJul 20, 2026
Mizuho Outperform OutperformMaintainJul 14, 2026
Barclays Overweight OverweightMaintainJun 11, 2026
Morgan Stanley Overweight OverweightMaintainMay 28, 2026
Wells Fargo Overweight OverweightMaintainApr 21, 2026
Jefferies Buy BuyMaintainJun 6, 2025
Deutsche Bank Buy BuyMaintainJun 12, 2024
OTR Global Negative MixedDowngradeJun 7, 2024
Canaccord Genuity Buy BuyMaintainMay 3, 2024
Loop Capital Buy HoldUpgradeFeb 12, 2024
Exane BNP Paribas Neutral UnderperformUpgradeFeb 2, 2024
Roth MKM Buy BuyMaintainJan 29, 2024
Berenberg Hold BuyDowngradeNov 27, 2023
Fermium Research Outperform OutperformMaintainOct 30, 2023
Goldman Sachs Neutral NeutralMaintainOct 24, 2023
Credit Suisse Outperform OutperformMaintainAug 4, 2023
Redburn Partners Neutral BuyDowngradeJul 25, 2023
Vertical Research Buy HoldUpgradeMay 22, 2023
Roth Capital Buy BuyMaintainOct 8, 2021
Monness, Crespi, Hardt Neutral SellUpgradeAug 9, 2021
Redburn Neutral BuyDowngradeJan 21, 2021
Susquehanna Positive NeutralUpgradeMar 31, 2020
Edward Jones Buy HoldUpgradeMar 19, 2020
Bernstein Outperform Market PerformUpgradeJan 23, 2020
SunTrust Robinson Humphrey Hold HoldMaintainOct 11, 2019
Citi Buy NeutralUpgradeAug 19, 2019
Monness Crespi Hardt Sell SellMaintainJul 17, 2019
Nomura Neutral NeutralMaintainJun 10, 2019
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Named analyst price targets

Upside is calculated against the persisted current price $13.3. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
UBSAnalyst unavailable$15$12.91 +12.8%Oct 12, 2026
Goldman SachsDuffy Fischer$20$14.45 +50.4%Oct 8, 2026
RBC CapitalArun Viswanathan$17$13.91 +27.8%Oct 7, 2026
KeyBancSalvator Tiano$17$13.91 +27.8%Oct 7, 2026
New StreetAnalyst unavailable$17$11.92 +27.8%Oct 5, 2026
OppenheimerKristen Owen$17$11.92 +27.8%Oct 5, 2026
BMO CapitalAnalyst unavailable$15$12.57 +12.8%Oct 2, 2026
Morgan StanleyAnalyst unavailable$18$12.57 +35.3%Oct 2, 2026
OppenheimerKristen Owen$95$80.45 +614.3%Sep 24, 2026
BMO CapitalJoel Jackson$95$83.11 +614.3%Sep 16, 2026
New StreetAnalyst unavailable$95$83.39 +614.3%Sep 16, 2026
UBSAnalyst unavailable$90$83.39 +576.7%Sep 16, 2026
Deutsche BankDavid Begleiter$101$77.75 +659.4%Aug 3, 2026
BMO CapitalJoel Jackson$100$78.71 +651.9%Aug 3, 2026
RBC CapitalArun Viswanathan$103$86.78 +674.4%Jul 21, 2026
Mizuho SecuritiesAnalyst unavailable$97$85.72 +629.3%Jul 14, 2026
Mizuho SecuritiesAnalyst unavailable$96$85.25 +621.8%Jul 2, 2026
BarclaysBenjamin Theurer$91$74.46 +584.2%Jun 11, 2026
UBSJoshua Spector$86$75.86 +546.6%Jun 9, 2026
Morgan StanleyVincent Andrews$95$79.89 +614.3%May 28, 2026
RBC CapitalArun Viswanathan$95$78.62 +614.3%Apr 24, 2026
Wells FargoAnalyst unavailable$90$80.29 +576.7%Apr 21, 2026
UBSAnalyst unavailable$88$83.56 +561.7%Apr 9, 2026
Mizuho SecuritiesAnalyst unavailable$82$75.03 +516.5%Feb 17, 2026
UBSJoshua Spector$80$72.6 +501.5%Feb 9, 2026
RBC CapitalAnalyst unavailable$89$72.99 +569.2%Feb 5, 2026
OppenheimerAnalyst unavailable$86$72.99 +546.6%Feb 5, 2026
Goldman SachsAnalyst unavailable$88$75.12 +561.7%Feb 5, 2026
Wells FargoAnalyst unavailable$85$75.12 +539.1%Feb 5, 2026
OppenheimerAnalyst unavailable$78$72.63 +486.5%Jan 27, 2026
Mizuho SecuritiesEdlain Rodriguez$80$70.5 +501.5%Jan 16, 2026
OppenheimerAnalyst unavailable$76$63.38 +471.4%Nov 7, 2025
UBSAnalyst unavailable$81$61.53 +509.0%Oct 30, 2025
OppenheimerAnalyst unavailable$75$62.79 +463.9%Oct 22, 2025
Wells FargoAnalyst unavailable$80$61.91 +501.5%Oct 16, 2025
Mizuho SecuritiesAnalyst unavailable$78$65.61 +486.5%Oct 8, 2025
UBSAnalyst unavailable$85$64.56 +539.1%Oct 6, 2025
Morgan StanleyAnalyst unavailable$84$74.29 +531.6%Sep 15, 2025
BMO CapitalAnalyst unavailable$86$74.29 +546.6%Sep 15, 2025
OppenheimerKristen Owen$87$72.09 +554.1%Jul 15, 2025
KeyBancAleksey Yefremov$71$60.29 +433.8%Apr 14, 2025
KeyBancAleksey Yefremov$69$60.76 +418.8%Nov 21, 2024
CitigroupPatrick Cunningham$68$59.12 +411.3%Oct 23, 2024
Bank of America SecuritiesSteve Byrne$67$57.3 +403.8%Oct 16, 2024
Mizuho SecuritiesJohn Roberts$61$57.85 +358.6%Sep 25, 2024
OppenheimerKriten Owen$69$57.04 +418.8%Sep 17, 2024
KeyBancAleksey Yefremov$62$53 +366.2%Aug 2, 2024
Mizuho SecuritiesJohn Roberts$60$51.89 +351.1%Jun 18, 2024
Wolfe ResearchChris Parkinson$68$51.9 +411.3%Jun 11, 2024
Deutsche BankDavid Begleiter$65$57.03 +388.7%May 6, 2024
RBC CapitalArun Viswanathan$64$57.16 +381.2%May 6, 2024
Canaccord GenuityBobby Burleson$65$56.98 +388.7%May 3, 2024
BMO CapitalJoel Jackson$67$56.98 +403.8%May 3, 2024
JefferiesLaurence Alexander$67$57 +403.8%Mar 28, 2024
Loop Capital MarketsChristopher Kapsch$65$55.04 +388.7%Feb 12, 2024
BNP ParibasLaurent Favre$53$53.04 +298.5%Feb 2, 2024
Wells FargoAnalyst unavailable$77$61.54 +478.9%Feb 3, 2023
CitigroupAnalyst unavailable$74$61.68 +456.4%Feb 3, 2023
Morgan StanleyAnalyst unavailable$80$62.12 +501.5%Jan 11, 2023
BarclaysAnalyst unavailable$75$65.35 +463.9%Nov 17, 2022
UBSAnalyst unavailable$73$66.72 +448.9%Nov 16, 2022
Credit SuisseJohn Roberts$68$51.26 +411.3%Jul 14, 2022
BarclaysBenjamin Theurer$71$53.22 +433.8%Jun 20, 2022
Deutsche BankDavid Begleiter$72$62.04 +441.4%Jun 6, 2022
Argus ResearchBill Selesky$69$60.91 +418.8%May 24, 2022
Mizuho SecuritiesAnalyst unavailable$67$57.99 +403.8%Apr 29, 2022
Roth CapitalBrian White$56$50.25 +321.1%Feb 4, 2022
BarclaysDuffy Fischer$54$47.33 +306.0%Nov 5, 2021
Deutsche BankDavid Begleiter$55$44.79 +313.5%Aug 8, 2021
Argus ResearchBill Selesky$54$45.82 +306.0%May 17, 2021
Bank of America SecuritiesSteve Byrne$42$46.45 +215.8%May 10, 2021
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Company context

Snapshot as of publication

Corteva, Inc. operates in the agriculture business. The company operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics. This segment also provides digital solutions that assist farmer decision-making with a view to optimize product selection, and maximize yield and profitability.…

Historical context

All CTVA earnings

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-01-22T00:04:22.296664+00:00
  3. Polygon adjusted daily market bars · 2026-10-13T00:50:43.540471+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-13T00:50:43.537567+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-13. For educational purposes only; not investment advice.