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
Must-See Attractions in Washington, D.C. - 2Figure out how to Guarantee Your Dental Embeds Endure forever
- 3Lily Allen 2026 'West End Girl' arena tour: How to get tickets, prices and more
- 4All that You Really want to Be familiar with Dental Inserts Facilities
- 5Ancient Pompeii construction site reveals the process for creating Roman concrete
- Hitler's madcap mega-railway would have linked Berlin with India
- Brazil judge orders government to add JBS subsidiary to 'dirty list' for slavery
- Tech Patterns 2023: 12 Advancements to Keep an eye Out For
- Amplifying Cash The executives: The Upsides and downsides of Various Ledgers
- Figure out How to Recognize Early Indications of Depressions
- Poll: Only 25% of Americans think Trump has 'followed through' on his promise to release the Epstein files
- 'Harry Potter' fans rejoice: HBO releases 1st trailer for new TV series, set to premiere this Christmas
- One lightly wounded after Iranian missile barrage targets northern Israel
- Fossils unearthed in Morocco are first from little-understood period of human evolution
