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 $6.65 previously.
(Reporting by Sneha S K in Bengaluru; Editing by Shinjini Ganguli)
LATEST POSTS
- 1
Don’t let food poisoning crash your Thanksgiving dinner - 2Farewell, comet 3I/ATLAS! Interstellar visitor heads for the outer solar system after its closest approach to Earth
- 3Best Food Truck Cooking: Decision in favor of Your Number one!
- 4Find the Effect of Web-based Entertainment on Society: Exploring the Computerized Scene
- 5Latvia seeks emergency UN meeting over Russian missile attack on Lviv
- Gaza receiving over 70,000 cubic meters of water per day, COGAT claims
- A hospital discharged a woman in labor. This lawmaker wants change.
- Dominating Your Cash: The Fundamental Manual for Overseeing Individual accounting records
- Broken toilet, T-shirts on windows and collecting saliva: The weirdness of daily life aboard Orion
- Governors Ball 2026: Lorde, A$AP Rocky and Stray Kids set to headline
- Triple polar vortex to plunge central and eastern U.S. into Arctic cold through mid-December
- Tech giants accused of not complying with Australian social media ban
- Climate change is straining Alaska's Arctic. A new mining road may push the region past the brink
- Navy-Marine Corps Relief Society provides emergency grants to families displaced by Iran war
