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
An 'explosion' of solo-agers are struggling with rising costs and little support: 'I'm flying without a net' - 2The Best Computer games Ever
- 3Figure out how to Team up with Your Auto Crash Legal advisor for Best Outcomes
- 46 Nations for Setting up camp
- 5Computerized Domains d: A Survey of \Vivid Undertakings\ Computer generated Reality Game
- Elanco's drug gets emergency nod to treat deadly flesh-eating parasite in cats
- More than 3 million eye drops have been recalled from CVS, Walgreens and other national retailers. How to check if yours are safe
- The most effective method to Examine a Cellular breakdown in the lungs Finding with Family
- People with depression can treat themselves at home with new device
- Building a Maintainable Closet: Individual Excursions in Moral Style
- Landslides triggered by heavy rainfall kill at least 20 people in Tanzania
- Birds at a college changed beak shapes during the pandemic. It might be a case of rapid evolution
- New method spots signs of Earth's primordial life in ancient rocks
- The Best Web-based Courses for Ability Advancement
