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
What's going around right now? COVID, flu, stomach bug on the rise - 2EU Commission prepares €90bn Ukraine loan despite Hungary's veto
- 3Born under fire: MDA delivers baby in Jerusalem minutes before rushing to shelter
- 4Bondi Beach survivor criticizes police for inaction during terror attack
- 5Single women risk rape and exploitation in search for better life in Europe
- Meet the Artemis crew in NASA's first astronaut mission to the moon in more than a half-century
- The most effective method to Engage in Local area Making arrangements for 5G Pinnacle Establishments
- Geminid shooting stars: One of 2025's most exciting meteor showers begins tonight
- Kendall Jenner addresses long-standing rumor about her sexuality
- Cyber Monday 2025: Save over 70% on HBO Max with this Prime Video streaming deal
- Most normal matter in the universe isn't found in planets, stars or galaxies – an astronomer explains where it's distributed
- Material of Innovativeness: A Survey of \Releasing Your Imaginative Potential\ Online Workmanship Course
- Inflammatory Merz remarks on migrants' violence against women slammed
- Chris Noth responds to backlash after seemingly shading 'Sex and the City' costar Sarah Jessica Parker: 'It is not news'
