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
Ukraine to get up to 100 French-made Rafale fighter jets17.11.2025 - 2Figure out how to Consolidate All encompassing Practices with a Degree in Brain research17.10.2023
- 3Really focusing on Succulents: Tips and Procedures30.06.2023
- 4Accomplishing Balance between fun and serious activities: Procedures for a Better Life06.06.2024
- 5Vacation destinations in America01.01.1
- The Main 20 Gaming Control center Ever
- Step into Nature: A Survey of \Handling Trails with Solace\ Climbing Shoes
- Which camera do you believe is great for first-time clients? !
- Cyber Monday 2025: Save over 70% on HBO Max with this Prime Video streaming deal
- FDA adds strongest warning to Sarepta gene therapy linked to 2 patient deaths
- Two policemen injured at religious youth protest in Jerusalem marking Ahuvia Sandak's death
- The most effective method to Move toward Compensation Conversations for Cutting edge Practice Enrolled Attendants
- Catholic influencer shares death of 5-year-old son from 'severe' flu
- Vote in favor of your Number one Kind of Shades
