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
4 Excellent Remote Headphones of 2024 - 2Dutch police probe a small blast outside a pro-Israel Christian center
- 3Australia to offer businesses $693 million in cheap loans to ease fuel cost pressure
- 4Russian drone slams into block of flats in deadly wave of strikes across Kyiv
- 5Dominating Your Cash: The Fundamental Manual for Overseeing Individual accounting records
- April’s full pink moon will rise in the night sky this week
- Will Comet C/2025 R3 (PanSTARRS) be the 'great comet' of 2026?
- SpaceX shatters its rocket launch record yet again — 165 orbital flights in 2025
- Manual for Wonderful Getaway destination
- NASA wants to build a base on the Moon by the 2030s – how and why it plans to build up to a long-term lunar presence
- Met Gala 2026 will celebrate fashion as an 'embodied art form': A guide to the theme, dress code, cochairs and hosting committee of the starry event
- Savvy Watches: Which One Is Appropriate for You?
- Fossils unearthed in Morocco are first from little-understood period of human evolution
- Striking American and European television Projects: A Survey
