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
Moon rush: These private spacecraft will attempt lunar landings in 2026 - 2Top 10 Moving Style Architects of the Year
- 3Top Music and Dance Celebration: Which One Gets You Going?
- 4Transform the daily grind to make life more interesting – a philosopher shares 3 strategies to help you attain the good life
- 5Comet C/2025 K1 (ATLAS) breaks apart in incredible telescope photos
- Step in Style: A Survey of \Solace and Execution on the Track\ Running Shoes
- Really focusing on Succulents: Tips and Procedures
- 7 Fast Approaches to Let loose Space on Your Telephone in a flash
- Passenger Missing After Going Overboard Disney Cruise Ship
- An 'explosion' of solo-agers are struggling with rising costs and little support: 'I'm flying without a net'
- Space debris: will it take a catastrophe for nations to take the issue seriously?
- Vote In favor of Your #1 Compelling Female Producer
- Figure out How to Pick the Right Dental specialist for Your Dental Inserts
- Vote in favor of your Favored kind of craftsmanship
