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
The Way to Business: Startup Illustrations Learned - 2Creative Tech Contraptions That Will Work on Your Life
- 3Sally Rooney books may be withdrawn from UK sale over Palestine Action ban, court told
- 4Find Serenity: 10 Stunning Setting up camp Areas
- 5Study casts doubt on potential for life on Jupiter's moon Europa
- Becoming Familiar with an Unknown dialect: My Language Learning Excursion
- New images reveal interstellar comet 3I/ATLAS approaching Earth
- A definitive Manual for Picking Electric Vehicle: Decision in favor of Your Number one
- Without evidence, CDC changes messaging on vaccines and autism
- Best Disney Palace: Which One Catches Your Creative mind?
- ‘Trip of suffering’: Gaza evacuee details 24-hour journey to South Africa
- Flights canceled at 40 U.S. airports: Follow live updates as FAA cuts to air traffic take effect amid government shutdown
- Find the Advantages of Positive Nurturing: Supporting Cheerful and Sound Kids
- Bennu asteroid samples provide clues about solar system origins and 'space gum'
