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
Guaranteeing Quality Medical care with Federal medical care Benefit Plans. - 23 Italian City Cars That Outsmarted Regulations and Rivals
- 3Building a Flourishing Business: Illustrations from Business people
- 4Involved Vehicles for Seniors: Track down the Best Picks for Solace and Dependability
- 5Find the Insider facts of Compelling Systems administration: Building Associations for Progress
- A 3-limbed Kemp's ridley sea turtle is now being tracked at sea by satellite
- It Looks Like a Tiny, Fluffy Dragon, But It's Really a Bird. Meet the Great Eared Nightjar
- Vote In favor of Your Favored IT Administration
- My prescription costs what?! Pharmacists offer tips that could reduce your out-of-pocket drug costs
- Health Rounds: Regeneron drug wipes out residual multiple myeloma cells in small trial
- Seoul says sorry after unapproved drone flights into North Korea
- Air superiority and long-range strikes: what China's war games say about how it might assault Taiwan
- 'Backward and upward and tilted': Spaceflight causes astronauts' brains to shift inside their skulls
- Brazil's ex-president Bolsonaro operated on for hernia
