Corteva Sees FY24 EPS $2.60-$2.80 Vs $2.77 Est.; Revenue $17.2B-$17.5B Vs $17.372B Est.
Portfolio Pulse from Benzinga Newsdesk
Corteva projects its FY24 EPS to be between $2.60 and $2.80, compared to the estimated $2.77. The company also forecasts revenue between $17.2 billion and $17.5 billion, against the estimated $17.372 billion.
July 31, 2024 | 8:33 pm
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Corteva's FY24 EPS guidance of $2.60-$2.80 is slightly below the estimated $2.77, while its revenue forecast of $17.2B-$17.5B is in line with the estimated $17.372B.
The EPS guidance is slightly below the estimate, which could be seen as a negative, but the revenue forecast is in line with expectations. This mixed guidance is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100