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
Insurance warning signs in doctors’ offices might discourage patients from speaking openly about their health - 2The most effective method to Pick the Right Material Organization: Your Definitive Aide
- 3Manual for Financial plan Agreeable PC
- 4Vaccine committee votes to scrap universal hepatitis B shots for newborns despite outcry from children’s health experts
- 5Poland open to German troops to help secure Ukraine ceasefire
- Step by step instructions to Show Children the Significance of Appropriate Handshaking
- Discovering a true sense of harmony: Contemplation and Care Practices
- Iran denies launching ballistic missiles towards Kurdistan region of Iraq
- Bolsonaro says hallucinatory effects of meds made him tamper with ankle tag
- Find the Insider facts of Viable Advertising: Building a Positive Brand Picture
- Between 600 to 800 aid trucks entering Gaza daily since start of ceasefire, COGAT confirms
- Which restaurants and fast food chains will be open on Christmas Eve and Christmas Day?
- Figure out How to Acquire Rewarding Open Record Rewards
- The Job of Attorneys: It is Important to Comprehend When Legitimate Help
