'I hope they will deliver a better-than-feared quarter when it reports on Thursday, but hope should never be part of the equation,' Jim Cramer says.
on Tuesday suggested that investors should wait for brighter days before investing in the agribusiness.
"This stock, Corteva, it reports again on Thursday morning and while there's not a lot of enthusiasm about the quarter, management has been pretty bullish about the second half of the year," Cramer said. "As Corteva prepared for its spin off, they told us the first half would be real ugly, but the second half would make up for that, and more so."
The company has cut $1.2 billion of costs and expects to cut $500 million over the next five years, which should lead to earnings growth. Still, the results won't show up until 2020, a time frame that many analysts have mapped out, Cramer said.
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