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
Why this Tennessee special election has the 'whole world' watching - 2Which camera do you believe is great for first-time clients? !
- 3How federal officials talk about health is shifting in troubling ways – and that change makes me worried for my autistic child
- 4The Meaning of Breaking the Pen's Nib in Death penalties
- 5'Senseless violence' erupts at Christmas tree lighting; 4 injured
- IDF strikes Hamas terror base in Lebanon, Health Ministry says 11 killed
- Sound Maturing: Wellbeing Tips for Each Life Stage
- Understanding Preschool Projects: Cultivating Abilities and Advancement
- Figure out How to Modify Your Pre-assembled Home for Greatest Solace and Stylish Allure
- Living Abroad: Social Inundation and Self-improvement
- Involved Vehicles for Seniors: Track down the Best Picks for Solace and Dependability
- Setbacks in Texas and elsewhere put Republicans' redistricting hopes in doubt as key deadlines loom
- Damaged launch pad: How long before Russia can send astronauts to the ISS again?
- How to watch 'A Charlie Brown Christmas' for free this weekend
