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
Grasping the Qualifications Among Separation and Dissolution - 2Influencers are selling a delusional fantasy of being postpartum. Why is it so easy to believe?
- 3Governments take targeted action as fuel prices hit retail
- 43 astronauts settle into their new life in orbit | On the International Space Station this week Dec. 1-5, 2025
- 5NASA's Perseverance Mars rover could break the record for miles driven on another planet
- Figure out how to Use Your Brain research Degree in the Gig Market
- Archaeologists uncover details about the Hjortspring boat's origins
- Instructions to Utilize Your Brain science Certification to Work on Corporate Culture
- Remarkable Spots for Hot Air Swelling All over The Planet
- 7 Methods for further developing Rest Quality
- New Cheetos and Doritos will be free of artificial dyes
- 2024's Savvy Home Gadgets for an Associated Way of life
- A top Marine shares his secrets to keeping fit at 50
- I'm 18 and founded an AI startup. I have to wake up at 3 a.m. to work on it before school, but it's worth every sleepless night.
