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
Italy's Beloved Trevi Fountain Hides A Unique Secret That Can Be Explored Underground - 2Day to day Temporary Positions That Compensate Fairly in the US
- 3A 'Stranger Things' documentary covering the final season is on its way: Watch the trailer
- 4Kaiser Permanente affiliates to pay $556 million to resolve US claims alleging Medicare fraud
- 5Steven Spielberg's 'Disclosure Day' trailer drops: What we know about the alien movie
- Influencers are selling a delusional fantasy of being postpartum. Why is it so easy to believe?
- The Starbucks for Life game is back, along with your chance to win a 'Bearista' cold cup. Here's how to get your paws on one.
- Heavenly Pastry Confrontation: Pick Your #1 Sweet Treat!
- The ‘Stranger Things’ finale, explained: What happens to Vecna? And why was a key character’s fate left unknown?
- California warns of death cap mushrooms outbreak resulting in 3 deaths
- Ober Gabelhorn glacier reveals remains of man missing for over three decades
- Manual for Tracking down the Immaculate Magnificence of Focal Asia
- Reports: Germany plans expansion of foreign intelligence powers
- 13 must-see moon events in 2026: Eclipses, supermoons, conjunctions and more
