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
These HGTV stars made a pledge to keep their kids off smartphones. Here's how it's going. - 2Vote In favor of Your Favored Pizza Cover
- 3Defence chiefs of Thailand and Cambodia to discuss ceasefire
- 4The most effective method to Recuperate After a Dental Embed Strategy: A Far reaching Guide
- 5First Greenland, now Iceland? Annexation joke by Trump ally gets frosty response in the Arctic nation.
- Grass Care Administrations for a Wonderful, Sound Yard
- UAE used military bases in Red Sea region to aid Israel's war against Hamas, leaks reveal
- Timothy Busfield turns himself in to face child sexual abuse charges in New Mexico
- Find the Abilities Required for Advanced Advertising Position
- Civil rights leader Jesse Jackson hospitalized, family requests prayers
- King Charles III says he is reducing cancer treatment schedule in 2026
- A Pompeii site reveals the recipe for Roman concrete. It contradicts a famous architect’s writings
- Iran-backed militias reassert power in Iraq, proving the Islamic axis is still standing
- Criminal Guard Lawyer Expenses: What Would it be advisable for you to Hope to Pay?
