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
2024 Manual for Light Extravagance Room Feel: What's Moving - 2American tourists left stranded in the Caribbean following flight cancellations after airspace closed for Maduro operation
- 3Novartis to build manufacturing hub in North Carolina, creating 700 jobs
- 4Four countries to boycott Eurovision 2026 over Israel’s inclusion
- 5Mating injuries may lead scientists to identify dinosaurs’ sex
- These are the Fastest Italian Sports Cars
- The capacity to understand people on a profound level: Exploring Life's Intricacies
- Moving Wedding Objections for Paramount Functions
- The most effective method to Amplify Your Opportunity for growth in a Web-based Degree Program
- Geminid meteors streak under green sky | Space photo of the day for Dec. 19, 2025
- Desired Travel Objections Worldwide: Where to Go Straightaway
- Distributed storage Answers for Information Reinforcement
- New York to require social media platforms to display mental health warnings
- 2024 Moving Styles for Kitchen Redesigns
