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
Make your choice for a definitive Christmas getaway destination! - 2Coalition led by Iraqi PM al-Sudani wins parliamentary elections
- 3Vote in favor of Your Number one Cake Type
- 4What we know about the 'Stranger Things' spinoff — plus the one cast member who guessed it correctly
- 5Flourishing in a Remote Workplace: Individual Techniques
- Phonetic Associations: A Survey of \Interfacing Worldwide People group\ Language Trade Application
- 6 Famous Cell phone Brands All over The Planet
- A definitive Manual for Choosing Indoor Plants Ideal for Your Space
- Step by step instructions to Guarantee the Strength and Life span of Your Pre-assembled Home
- If evolution is real, then why isn’t it happening now? An anthropologist explains that humans actually are still evolving
- 6 Exercises to Anticipate in 2024
- 5 Home Improvement Styles: Decision in favor of Your #1
- Chemical leak in Oklahoma forces evacuations and leaves many ill
- Damaged Shenzhou-20 spacecraft to return to Earth uncrewed for inspection
