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
5 Home EV Chargers for Proficient and Solid Charging - 2French rapper Gims placed under investigation for 'aggravated money laundering'
- 3Step by step instructions to Get a good deal on Your Rooftop Substitution Venture
- 4Remote Headphones: Improve Your Sound Insight
- 5Argentina reportedly delaying embassy move over Israeli company's oil project near Falklands
- 6 Novice Cameras for 2024: Ideal for New Picture takers
- Don't plan to cook on Thanksgiving? Here are the restaurants and fast food places that are scheduled to be open
- Evaluated Smartwatches for Wellness Devotees
- Careful Living: Embracing the Current Second
- Massive supernova explosion may have created a binary black hole
- Manual for Tracking down Spending plan Agreeable Travel Objections
- Figure out How to Analyze Medical attendant Compensation Patterns Across Different Specializations
- 6 Well known Nissan Vehicles in the U.S.
- ‘Harry Potter and the Philosopher’s Stone’ trailer is raising eyebrows among Potterheads: ‘Where’s the whimsical color?’
