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
Sydney Sweeney is returning in 'The Housemaid's Secret': What to know about 'The Housemaid' sequel - 2Figure out How to Track the Establishment of New 5G Pinnacles
- 3McDonald's is bringing two 'KPop Demon Hunters' meals to McDonald's. Here's what they include and when they launch.
- 4Thousands of genomes reveal the wild wolf genes in most dogs’ DNA
- 5The most effective method to Amplify Your Opportunity for growth in a Web-based Degree Program
- $2,000 tariff rebate checks? 50-year mortgages? Making sense of Trump's new 'affordability' proposals.
- Find the Force of The ability to understand anyone on a deeper level: Improving Mindfulness and Connections
- Northern lights chances rise for Christmas as space weather remains unsettled
- Newly Built Sichuan Hydropower Bridge Collapses Into River Months After Opening
- What are parents to do as doctors clash with Trump administration over vaccines?
- Select Your Definitive Pizza Decision
- The Longest Underwater Tunnel Connecting Germany and Denmark
- This Is Canada's Only Province Without Any Bears
- RFK Jr.'s vaccine panel delays hepatitis B shot vote after chaotic meeting
