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
Find the Wonders of the Silk Street: Following the Antiquated Shipping lanes - 2How much would you pay to meet a Real Housewife? At BravoCon, the limit does not exist.
- 3How a Snake That Eats Cobras Redefined the Meaning of ‘King’
- 4Dominating the Art of Composing: Creator Bits of knowledge
- 5Novo Nordisk cuts Wegovy price as CEO pledges to go 'all in' on weight loss pill
- Practice environmental safety in Style: Divulging Famous Electric Vehicle Brands
- Deaths reported in Lebanon as Israel and Hezbollah exchange attacks
- Vote In favor of Your Favored Language Learning Applications
- Blood pressure drug recalled for possible cross-contamination
- FDA adds strongest warning to Sarepta gene therapy linked to 2 patient deaths
- Medicine doesn’t just have ‘conscientious objectors’ − there are ‘conscientious providers,’ too
- Yasser Abu Shabab's killing raises questions about Israel's militia strategy in Gaza
- Passover under fire: Israelis balance fatigue with cautious hope after month of war
- NMG signs new graphite supply deal with Canadian Government
