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
Viable Tips for Seniors to Purchase a Minimal expense Jeep Wrangler - 2November Lease Deals for the 2025 Kia EV6 are Too Good to Pass Up
- 3Dolly Parton misses Dollywood event due to 'a few health challenges' after skipping honorary Oscars
- 4Share your pick for the riding area that characterizes your surf undertakings!
- 5Taste the World: Five Food sources That Have Dazzled Worldwide Palates
- Newly identified species of Tanzanian tree toad leapfrog the tadpole stage and give birth to toadlets
- Brazilian cardinal orders a popular Catholic priest to go offline following right-wing attacks
- 'Backward and upward and tilted': Spaceflight causes astronauts' brains to shift inside their skulls
- Jasmine Crockett in, Colin Allred out: A major shakeup for Democrats in their quest to finally win a Senate seat in Texas
- Vehicle Lovers' Decision: Purchase A Reasonable Vehicle
- Influencers are selling a delusional fantasy of being postpartum. Why is it so easy to believe?
- Equality requires universal draft, participation in economy and workforce, MK Liberman says
- Find the Marvels of the World with These Travels
- Iran war pushes Germany's deficit to 4.2% as growth outlook is cut by 50%
