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
Astronomers now say the moon is eating up molecules from Earth’s atmosphere - 2Relentless rise in carbon pollution from fossil fuels slightly dampens climate-fighting hopes
- 36 Monetary Arranging Administrations for Your Necessities
- 4Toddler given just 3 years to live after strange symptoms makes full recovery
- 5Tatiana Schlossberg's diagnosis puts spotlight on leukemia: What to know
- Ukrainian man arrested in Germany on suspicion of spying for Russia
- 'Sex and the City' star Kim Cattrall marries longtime partner Russell Thomas in intimate London wedding
- South African radio presenter among five charged over Russia recruitment plot
- What’s the shadowy organisation taking Gaza Palestinians to South Africa?
- 4 Energy-Proficient Clothes washers to Consider in 2024
- The Craft of Computerized Detox: Individual Trials
- Washington state experiences historic flooding as Skagit River hits record high level. See flooding maps, highway closures and forecasts.
- Manageable Living: Eco-Accommodating Decisions for Regular day to day existence
- Whale stranded off Germany for days found stuck again
