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
Taylor Swift's 'The End of an Era' docuseries: Everything you need to know, plus how to watch for less - 2Uranus's small moons are dark, red, and water-poor
- 3Remote Headphones: Improve Your Sound Insight
- 4Moon-bound Artemis II astronauts enjoy a relaxed day in space
- 5This Week In Space podcast: Episode 192 — Space, 2026!
- Former ‘Dancing with the Stars’ Pro Survives Plane Crash at LaGuardia That Left 2 Pilots Dead
- Step by step instructions to Pick the Right Web-based Degree Program
- This Week In Space podcast: Episode 189 — Privatizing Orbit
- One spent $20 on candy. Another paid $700 for a custom costume. Here's how Halloween costs stacked up this year.
- Crime boss Steven Lyons set to be deported from Bali to Spain
- Pleasant Cycle Courses All over the Planet
- Uzbekistan launches €9.46 billion green energy push, covering nation’s power needs
- 6 Exercises to Anticipate in 2024
- Instructions to Pick the Right Gold Speculation Procedure: Exploring the Market
