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
IDF, police arrest eleven for criminal, terror-related activity over weekend - 2Monetary Strengthening: Assuming Command over Your Cash
- 3Vote in favor of your Favored Kind of Scarf
- 4Hundreds are quarantined in South Carolina as measles spreads in 2 US outbreaks
- 5Kona SUV: Exploring the Future with Hyundai's Visionary Hybrid
- Mystery foot suggests a second early human relative lived alongside Lucy
- Holiday spots Well known With Americans In 2024
- What’s your chronotype? Knowing whether you’re a night owl or an early bird could help you do better on tests and avoid scams
- 'Dancing with the Stars' semifinals: How to watch Episode 10 tonight, where to stream, who's left and more
- True serenity: Investigating Emotional well-being and the Advantages of Contemplation
- Turning into a Sharp Financial backer: Individual budget Wins
- The Benefits of Rehearsing Careful Nurturing
- The Main 15 Powerful Business Heads of Today
- Surveys of Thrillers That Re-imagined the Class
