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
Heavenly Pastry Confrontation: Pick Your #1 Sweet Treat! - 2Avoid This Common Mistake When Planning Sightseeing Activities For Your Trip To Italy
- 3Step by step instructions to Pick an Incineration Urn: Variables to Consider
- 4See a half-lit moon shine among the stars of Aquarius on Nov. 27
- 5Cyprus: War-related tourism concerns and climate change efforts
- 'Everyone in this prison has had family killed or shot'
- Airport wait times won't return to normal until Congress reaches a deal to pay TSA. Here's why they still can't come to an agreement.
- 5 Signs Now is the ideal time to Update Your Android Telephone: When to Take the Action
- The Rhythms of the Street: Shipping's Tune in the Economy's Symphony
- I thought I knew the night sky, but what I saw from the Canary Islands left me speechless
- January full moon wows skywatchers with a striking 'Wolf Supermoon' (photos)
- 6 Popular Ladies' Aromas On the planet
- New science points to 4 distinct types of autism
- African Forests Have Become a Source of Carbon Emissions
