Corteva (NYSE:CTVA) reported its Q1 earnings results on Wednesday, May 4, 2022 at 05:00 PM.
Here's what investors need to know about the announcement.
Earnings
Corteva beat estimated earnings by 18.29%, reporting an EPS of $0.97 versus an estimate of $0.82.
Revenue was up $422.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 0.83% increase in the share price the next day.
Here's a look at Corteva's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.09 | -0.31 | 1.26 | 0.65 |
| EPS Actual | 0.08 | -0.14 | 1.40 | 0.79 |
| Revenue Estimate | 3.46B | 2.03B | 5.34B | 3.81B |
| Revenue Actual | 3.48B | 2.37B | 5.63B | 4.18B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Corteva management provided guidance for FY 2022, expecting earnings between $2.35 and $2.55 per share.
To track all earnings releases for Corteva visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
