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
How much should a kid's birthday party cost? One mom spent $190 for pizza and ice cream at a park. Another paid $2K for a playspace and goodie bags. - 2Viruses aren’t all bad: In the ocean, some help fuel the food web – a new study shows how
- 3Japan prepares to restart world's biggest nuclear plant, 15 years after Fukushima
- 4The Fate of Gaming: 5 Energizing Advancements Not too far off
- 5The 10 Most Noteworthy Games in History
- Uncover the Manageable Fish Practices: Sea agreeable Feasting
- 6 Novice Cameras for 2024: Ideal for New Picture takers
- Flash flooding causes highways to close to and from Eilat
- An Investigate of 6 Creative Specialty Mixed drinks
- 6 Savvy Locks for Lofts
- 6 Well known Ladies' Fragrances On the planet
- Hamas set to elect new terror leader with Hayya, Mashaal in pole position
- Affordable Care Act enrollment is slightly ahead of last year, despite expiring subsidies
- IDF carried out mission to locate former hostage Avera Mengistu a day before Oct. 7
