Dec 9 (Reuters) - CVS Health (CVS) on Tuesday forecast 2026 profit above Wall Street estimates and this year's projected earnings, signalling steady progress in the health conglomerate's turnaround plan.
CVS stock rose 5% in early trading on Tuesday.
The company in October projected double-digit earnings growth for 2026 after raising its 2025 profit forecast for the third time.
"We are closing out 2025 with meaningful momentum across our businesses and we expect another year of strong earnings growth in 2026," said Chief Financial Officer Brian Newman on Tuesday.
The company forecast 2026 adjusted profit to be in the range of $7.00 to $7.20 per share, compared with analysts' average estimate of $7.16, according to data compiled by LSEG.
It, however, expects total revenue of at least $400 billion next year, below analysts' average estimate of $419.26 billion.
CVS also raised its 2025 adjusted profit forecast to $6.60 to $6.70 per share from $6.55 to $6.65 previously.
(Reporting by Sneha S K in Bengaluru; Editing by Shinjini Ganguli)
latest_posts
- 1
Scientists find new clues to why female fertility declines with age - 2Fundamental Venture The board Apparatuses for Remote Groups
- 3Shredded cheese sold in dozens of states recalled due to potential for metal fragment contamination
- 4Finding Your Motivation: Moves toward a Satisfying Life
- 5Extreme Manual for Purchasing Your Next Truck
- A somber Thor is returning for 'Avengers: Doomsday': Watch the dread-filled teaser
- Vinicultural Investigation: A Survey of \Enjoying Fine Vintages\ Wine sampling
- Examination In progress into Abuse of Japanese Government-Supported Advance
- Figure out How to Streamline Eco-friendliness in Your Volvo XC40
- New Gaza militia declares war on Hamas: 'Your dirty shoes are more honorable'
- Saturn shines with the waxing moon at sunset on Nov. 29
- Tech Development Disclosed: A Survey of \Usefulness and Configuration in Concentration\ Tech Item
- Congress is running out of time to extend ACA subsidies as the GOP moves on to an alternative plan. Here's where things stand.
- Becoming the best at Discussion: Individual Procedures
