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
The Solution to Innovative Peculiarity: Analyzing the Fate of Mankind - 2‘We are the alternative’: Anti-Hamas Gaza militia tells BBC group is receiving international support
- 3NASA just launched Artemis 2. What happens today could make or break the moon mission
- 46 Methods for further developing Rest Quality
- 5Dental Embed Innovation: An Achievement in Helpful Dentistry
- Public Parks in the USA
- Instructions to Perform Fundamental Upkeep on Your Slam 1500.
- These Are the Journalists Israel Has Killed Since the Start of the Iran War
- SpaceX shatters its rocket launch record yet again — 165 orbital flights in 2025
- Disney's latest short film 'Versa' tackles a difficult subject: Pregnancy loss. It's resonating with viewers.
- When faith comes under fire: How Iran’s repression of religious minorities has increased
- The most effective method to Guarantee Scholastic Honesty in Web-based Degrees
- UK consumer confidence plunges amid escalating Iran conflict
- Authentic Urban areas: Rich Legacy and Lively Societies
