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 Golden Globes gift bag has nearly $1 million worth of swag for some winners and presenters. What's in it? - 2Arrow Exploration brings new Colombian oil well on stream ahead of schedule and under budget
- 3EU calls on Western Balkans to step up reforms for membership
- 4Expert advice for new stargazers: How to begin your amateur astronomy journey
- 5Viable Correspondence: Building Solid Connections
- Bond Girl Ursula Andress’ $23 Million Fortune Once ‘Fraudulently Misappropriated’ Was Allegedly Found
- 'It's doing badly': Fears grow for whale stuck off Germany's coast
- Understanding the Rudiments of Tree Administrations
- Bolsonaro discharged from hospital and placed under house arrest
- Instructions to Pick the Right Dental Embed Trained professional: An Exhaustive Aide
- San Francisco sues 10 companies that make ultraprocessed food
- CPA Canada appoints eight directors as new governance model takes effect
- West Bank man indicted for extortion, impersonation of IAF pilot, Mossad agent, illegal entry
- Comet MAPS faces a make-or-break moment as it dives toward the sun on April 4 — could it shine in the daytime sky?
