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
Higher cost, worse coverage: Affordable Care Act enrollees say expiring subsidies will hit them hard - 2How on earth did 'Shark Tank' star Kevin O'Leary end up in 'Marty Supreme'? I'll let him explain.
- 3The Most Vital Crossroads in Olympic History
- 4Between 600 to 800 aid trucks entering Gaza daily since start of ceasefire, COGAT confirms
- 5SUVs Known for Their Looks As opposed to Their Capacity
- Step by step instructions to Keep up with Ideal Oral Cleanliness at Home
- The Best 10 Innovation Developments of the Year
- The most effective method to Recognize a Great Lab Jewel
- Witness the elegance of the cosmic butterfly in a remarkable telescope photo
- West Antarctica’s history of rapid melting foretells sudden shifts in continent’s ‘catastrophic’ geology
- Flourishing as a Charitable Pioneer: Individual Encounters in Generosity
- How do my eyes adjust to the dark and how long does it take?
- Find the Excellence of Old style Expressive dance: Encountering the Effortlessness and Polish of Dance
- Figure out How to Plan for Your Web-based Degree monetarily
