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
Instructions to Redo Your Kona SUV for Improved Tasteful Allure and Usefulness - 2Antivirus Programming for Exhaustive Security
- 3Hundreds are quarantined in South Carolina as measles spreads in 2 US outbreaks
- 4She loves to give experiences. He goes for sentimental gifts. They ask an expert: What is the perfect holiday present?
- 5Vote In favor of Your Favored Comupter Game
- The beauty advent calendar boom is here. Sephora kids are all in.
- From Exemplary to Current: Famous Rings Available
- Cells have more mini ‘organs’ than researchers thought − unbound by membranes, these rogue organelles challenge biology’s fundamentals
- 4 Coolers for Present day Kitchens
- How to watch the last supermoon of the year
- When preventable infections turn deadly behind bars | The Excerpt
- Figure out How to Consolidate Cutting edge innovations in Senior's SUVs
- 75% of Arab Israelis support Arab party joining government coalition post-war, survey reveals
- Germany's Deutsche Welle broadcaster declared 'undesirable' in Russia
