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
6 Famous Urban communities for Shopping on the planet - 2January full moon wows skywatchers with a striking 'Wolf Supermoon' (photos)
- 35 Great Crossover Vehicles For Eco-friendliness In 2024
- 4The most effective method to Pick the Best Material Organization: Insider Tips
- 5What you need to know about flu treatments as cases spike across the US
- The most effective method to Guarantee Simple Availability in Seniors' SUVs
- Vote In favor of Your Favored Pet Consideration Administration
- Relentless rise in carbon pollution from fossil fuels slightly dampens climate-fighting hopes
- 'All's Fair,' Ryan Murphy's new show starring Kim Kardashian, hit with scathing reviews: 'A girlboss fever dream'
- Have gravitational waves provided the first hint of primordial black holes born during the Big Bang?
- Former United Launch Alliance CEO Tory Bruno joins competitor Blue Origin for national security projects
- The Ursid meteor shower will be the last of the year, peaking just before Christmas: What to know and how to watch
- Record-breaking flu hospitalizations in New York in a single week: Health officials
- Toilet rats? Washington health officials warn of possible rodents in sewer systems after floods
