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
Sarkozy says he owes France 'the truth' as he challenges conviction over alleged Libya funding - 2Air superiority and long-range strikes: what China's war games say about how it might assault Taiwan
- 3Inn The executives: A Remunerating Profession Decision for Energetic People
- 4Canada cancels its 1st moon rover: 'It's hopefully not a lost cause'
- 5Transcript: NASA's Jared Isaacman on "Face the Nation with Margaret Brennan," April 5, 2026
- ABC News' Sam Champion opens up about recent health scare
- Explosions heard across Tehran after IDF announces wave of strikes on regime terror targets
- More than 800 flights canceled as FAA cuts traffic at 40 major airports. Here's what to know.
- Heartfelt Objections to Visit with Your Adored One
- Iran slams UN nuclear watchdog for failing to condemn Bushehr attacks
- An eye for an eye: People agree about the values of body parts across cultures and eras
- 5 things for parents to know about changes to kids vaccine schedule
- Aurora chaser catches a fox basking in the glow of Finland's legendary 'fox fires' (photos)
- Nexi expands alliance with PayPal
