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
Safeguarding Your Senior Protection Against Extortion and Tricks.19.10.2023 - 2Step by step instructions to Keep up with Ideal Oral Cleanliness at Home19.10.2023
- 3Treasure trove found in Egyptian tomb solves ancient mystery05.12.2025
- 4A Pompeii site reveals the recipe for Roman concrete. It contradicts a famous architect’s writings19.12.2025
- 5Satellite constellations could obscure most space telescope observations by late 2030s: 'That part of the image will be forever lost'12.12.2025
- More loons are filling Maine's lakes with their ghostlike calls
- 'Euphoria' releases Season 3 trailer, premiere date: Watch Rue and Laurie finally face off
- Eating Brie, Gouda, cheddar may lower dementia risk, new study says
- Watch India launch advanced military satellite on rocket's 1st flight since May 2025 failure
- Thousands of ultra-orthodox protest in Jerusalem against conscription
- Wizz CEO: We’re going to invest $1 b. in Israeli market
- January’s full wolf supermoon and the Quadrantid meteor shower will start off the new year
- German police 'cleared path for fascists with batons,' protesters say
- Well known Worldwide Caf\u00e9s to Experience
