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
Mechanical Sidekick d: A Survey of \Elements and Execution d\ Cell phone - 2JFK's granddaughter Tatiana Schlossberg reveals terminal cancer diagnosis
- 3Manhunt for Brown University shooter continues: FBI releases photos of suspect, announces $50K reward
- 4NASA says Maven spacecraft that was orbiting Mars has gone silent
- 5Here are 10 stores where you can get a free Thanksgiving turkey
- Barry Manilow reveals lung cancer diagnosis and plans to undergo surgery: 'It's pure luck' it was 'found so early'
- He made a name for himself posting thirst traps on TikTok. Now he's the star of a wildly popular rom-com.
- Russia’s New KVS Drone May Be Designed To Restore Reach In The FPV War
- ‘Serving is not just a place’: Bayside Church Granite Bay reimagines annual mission amid conflict in Mexico
- Ghassan Al-Duhaini to replace Abu Shabab as Popular Forces leader in Gaza
- Before Cheap Cars Were Common, This Fiat Changed Everyday Life for Millions
- Figure out How to Store Your Gold Ventures: A Thorough Aide safely
- Surprising links between autism, Alzheimer’s could change how we treat both
- Artemis will take Americans to the moon for the 1st time since 1972. Why has it been so hard to go back?
