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
The EU Is Considering Lifting Tariffs on Chinese Electric Vehicles - 2Jason Kelce opens about wife Kylie Kelce's past pregnancy loss
- 3Gauging the Upsides and downsides of Visas: A Complete Aide
- 4Behind every perfect holiday memory is a mom on the brink
- 5EU Commission prepares €90bn Ukraine loan despite Hungary's veto
- Defense Minister Katz moves to extend IDF service to 36 months
- How to get rid of your Christmas tree — and the 1 thing to never, ever do with it
- My Excursion to Monetary Autonomy: Awesome ways to save cash
- Winter storm headed for Midwest to Northeast. Here's how much snow to expect.
- Find the Historical backdrop of Common liberties: Advancing Equity and Equity Around the world
- Dominating Monetary Administration: A Bit by bit Manual for Making an Individual Financial plan
- Find the Advantages of Positive Nurturing: Supporting Cheerful and Sound Kids
- Iran fires one of largest barrages in weeks ahead of Passover
- Nurturing Hacks: Astuteness from Experienced Mothers and Fathers
