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 Tradition of Stone: A Gander at Notable Structures Through the Ages - 2Tracking down the Right Equilibrium: Charges versus Personal Costs in Senior Protection.
- 3Exclusive-Head of Pemex's production arm to step down in coming days, sources say
- 4Would you ever turn to AI for companionship? 6% of Americans say they could — or already have.
- 5From School Dropout to Example of overcoming adversity: My Excursion
- 4 injured in suburban Philadelphia nursing home explosion file negligence lawsuit
- Lilly becomes first healthcare firm to join trillion-dollar club, Wall Street reacts
- Instructions to Figure out the Various Phases of Cellular breakdown in the lungs
- Earth's newfound 'episodic-squishy lid' may guide our search for habitable worlds
- Top notch Feasting: A Manual for Worldwide Acclaimed Eateries
- Instructions to Boost Your True capacity with a Brain research Degree
- Europe could get 42 more days of summer by the year 2100 due to climate change
- Catholic influencer shares death of 5-year-old son from 'severe' flu
- 5 Great Home Remodel Administrations With Green Arrangements In 2024
