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
What we know about the 'Stranger Things' spinoff — plus the one cast member who guessed it correctly - 2European Travel Objections for 2024
- 3Exposure to neighborhood violence leads some Denver teens to use tobacco and alcohol earlier, new study shows
- 4Shipping: The Corridors of Trade and the Coming of Another Period
- 5A rare whale is having an encouraging season for births. Scientists warn it might still go extinct
- Hezbollah uses ambulances, paramedic uniforms, as disguise for terrorist activity, IDF says
- 'Spending more on gas than groceries:' Rising fuel prices drive more San Antonio families to the Food Bank amid Iran war
- Why won't NASA's Artemis 2 astronauts land on the moon when they get there?
- Muslim nations condemn new Israeli death penalty law
- Surge of off‑lease electric vehicles expected to drive down used EV prices
- 2024 Style: The It-Things You Want in Your Closet
- NASA astronauts to return from space early due to an 'unexpected medical issue.' What happened — and when are they coming home?
- Vote In favor of Your Favored Keeping an eye on
- Historical mysteries solved by science in 2025
