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
Partner of crime boss Steven Lyons arrested in Dubai - 2Mexico says a third of 130,000 missing people might be alive, fueling criticisms by families
- 3The 10 Most Persuasive Forerunners in Innovation
- 4Toddler given just 3 years to live after strange symptoms makes full recovery
- 5Flights canceled at 40 U.S. airports: Follow live updates as FAA cuts to air traffic take effect amid government shutdown
- 4 astronauts are en route home from ISS after medical issue forces early exit
- Satellite data reveals a huge solar storm in 2024 shrank Earth's protective plasma shield
- Feeling wonder every day improves our health. Here’s how to do it.
- The most effective method to Connect Successfully with Teachers in a Web based Setting
- More parents refusing this shot that prevents serious bleeding at birth
- Putin critic gets six years in penal colony, vows hunger strike
- Interstellar comet 3I/ATLAS to pass closest to Earth on Friday
- Satellite observations offer insight into a tsunami's early stages
- The next frontier in space is closer than you think – welcome to the world of very low Earth orbit satellites
