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
Step by step instructions to Look at Compact disc Rates: A Thorough Aide - 2US measles cases surpass 2,000, highest in 30 years: CDC
- 3Jamie Dimon warns Iran war could drive inflation, interest rates higher
- 4The most effective method to Guarantee Scholastic Honesty in Web-based Degrees
- 5Home Remodel Administrations: Change Your Residing Space
- What do scientists hope to learn from NASA's historic Artemis 2 moon flyby?
- Cuba fights to contain spread of mosquito-borne chikungunya virus
- 2 new malaria treatments announced as drug resistance grows
- Hamas hands over another body in the Gaza Strip
- Brazil's Bolsonaro to continue his sentence at home because of poor health
- Research highlights potential dangers of ultra-processed foods for women under 50 regarding precancerous polyps
- Raw oysters linked to ongoing salmonella outbreak infecting 64 across 22 states: CDC
- Russia Establishing Long-Range Drone Bases In Belarus, Warns Ukraine
- RFK Jr.’s vaccine advisers plan biggest change yet to childhood schedule
