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
Sintana Energy flags major resource upgrade at Namibia oil discovery - 2Germany unveils rescue plan for struggling chemical sector
- 3Eurovision Song Contest changes voting rules after controversial allegations against Israel
- 4Step by step instructions to Protect Your Speculations with Cd Rates
- 5One third of Spanish pork export certificates blocked since swine fever outbreak, minister says
- Burkina Faso must 'forget' about democracy, military leader says
- The most effective method to Pick a Campervan That Offers Something else for Less
- 7 Strange Apparatuses to Make Your Party Stick Out!
- The Manual for Well known rough terrain Vehicles
- Brexit's Effect on New York's Ascent as a Main Monetary Center
- Windows to the Previous: An Excursion Through the World's Notable Engineering
- Tech for Learning: Online Courses and Instructive Apparatuses
- Chevron Says Damage at Wheatstone LNG Will Hamper Restart
- Seoul says sorry after unapproved drone flights into North Korea
