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 injured in shooting at North Carolina tree lighting ceremony22.11.2025 - 2Finding the Universe of Craftsmanship: Individual Encounters in Imagination06.06.2024
- 3$2,000 tariff rebate checks? 50-year mortgages? Making sense of Trump's new 'affordability' proposals.12.11.2025
- 4Coalition led by Iraqi PM al-Sudani wins parliamentary elections12.11.2025
- 5A definitive Cruiser Standoff: Decision in favor of Your #1 Ride05.06.2024
- Figure out How to Amplify the Resale Worth of Your Kona SUV
- Sanofi to acquire hepatitis B vaccine maker Dynavax for $2.2 billion
- Greece eyes migrant repatriation centres outside the EU
- Surprise! Saturn's huge moon Titan may not have a buried ocean after all
- Significant Elements to Consider Prior to Applying for a Mastercard: 6 Vital Contemplations
- All the ways Marjorie Taylor Greene has shifted her approach lately — and why Trump is 'surprised at her'
- Germany's Deutsche Welle broadcaster declared 'undesirable' in Russia
- 25 Years Ago, Audi's Rosemeyer Concept Was A Steampunk Supercar With A Massive Engine
- Simple Consideration Plants for Home and Office: An Aide
