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
Pick Your Number one Sort Of Music - 2Excelling at Discussion: Genuine Examples of overcoming adversity
- 3Don't fall for it: These common tourist scams in Rome are easy to avoid if you know what you're looking for
- 4Lucky airplane passengers capture NASA's Artemis 2 moon launch from the sky
- 5Home Plan Tips for Seniors
- Florida has quietly become America's execution capital
- Former IRGC child executioner tells ‘Post’ how he became devout Christian dissident
- Vote in favor of Your #1 Home Exercise Gear: Execution and Comfort Matter
- Game theory explains why reasonable parents make vaccine choices that fuel outbreaks
- Josh Duhamel's secret to the good life at 53? Wolverine peptides, ditching Hollywood and having another baby.
- Cyber Monday 2025: Save over 70% on HBO Max with this Prime Video streaming deal
- SpaceX launches Starlink satellites on its 150th Falcon 9 mission of the year
- 10 Setting up camp Shelters That Offer Both Excellence and Isolation
- Jillian Michaels put me at the center of a body positivity debate. She's not entirely wrong about obesity.
