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
Supreme Court case about ‘crisis pregnancy centers’ highlights debate over truthful advertising standards - 2The 1 question we have to ask ourselves about the Taylor Frankie Paul 'Bachelorette' scandal
- 35 Fundamental Ways to employ a Criminal Legal counselor
- 4Home Wellness Basics: Building Your Home Exercise center
- 5Slims down for Maintainable Weight reduction
- ABC News' Sam Champion opens up about recent health scare
- He made a name for himself posting thirst traps on TikTok. Now he's the star of a wildly popular rom-com.
- Is new Harry Styles music on the way? Fans think so, after a cryptic website and posters pop up.
- Hot peppers sent him to the ER. Two years later, a ‘ghost bill’ arrived.
- Jury says Johnson & Johnson owes $40 million to 2 cancer patients who used talcum powders
- Spain's Easter processions draw more tourists amid Iran war
- French lawmakers narrowly approve health care budget, suspending Macron's flagship pension reform
- Manhunt for Brown University shooter continues: FBI releases photos of suspect, announces $50K reward
- Sean 'Diddy' Combs faces new sexual assault allegations, currently under investigation by Los Angeles Sheriff's Department
