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
Scientists detect X-ray glow from interstellar comet 3I/ATLAS extending 250,000 miles into space - 2Ministry: New German petrol price regulation takes effect on April 1
- 3An ex-FBI agent analyzes what we learned from Savannah Guthrie's 'Today' show interview amid the search for her mother Nancy
- 4Is an $85 apple pie worth it? Our Thanksgiving taste test says … maybe.
- 5Bowen Yang is reportedly leaving 'Saturday Night Live' after this week's episode
- Gauging the Upsides and downsides of Visas: A Complete Aide
- Spain breaks jobs record with 22 million Social Security contributors
- Hundreds of Intact Dinosaur Eggs Emerge From 72-Million-Year Time Capsule
- Stolen Renoir, Cézanne and Matisse were probably uninsured, market sources say
- Extravagance SUVs for Seniors: Solace, Innovation, and Security
- You finally got a doctor's appointment. Here's how to get the most out of it
- Understanding the Rudiments of Tree Administrations
- The Best Internet based Courses for Expertise Improvement
- Christmas 2025 skywatching guide: What you can see in the night sky on Dec. 25
