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
Where should we send a real 'Hail Mary' spacecraft? A new study has the answers - 2Step by step instructions to Protect Your Speculations with Cd Rates
- 3Blue Origin launches huge rocket carrying twin NASA spacecraft to Mars
- 41,000-mile Saharan dust storm, from the sky and from the ground
- 5As her kidneys fail and time runs short, this activist fights to decriminalize euthanasia in Mexico
- Linda Hamilton, 69, says she doesn't want to 'chase longevity'
- Report in relation to renaming Herzog Park set to be withdrawn
- Figure out What Shift Differentials Mean for Your General Attendant Compensation
- 5 Different ways Macintosh is Prepared to Overwhelm Gaming, Even Against Windows
- ‘Wu-Tang Forever: The Final Chamber’ tour — How to get tickets, presale times, concert dates and more
- The Main 20 Gaming Control center Ever
- Home Machine Basics: An Exhaustive Purchasing Guide
- Top German court to rule on claims by Wirecard shareholders
- Vote In favor of Your Favored Kind Of Tea
