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 Pick the Right Toothpaste for Your Dental Requirements - 2Most loved Seared Chicken: Which Chain Rules?
- 3Figure out How to Improve Your Stream Voyage with Remarkable Trips and Exercises
- 4Procter & Gamble changes Crest toothpaste packaging to address Texas AG fluoride concerns
- 5The Excursion to Monetary Proficiency: Individual budget Triumphs
- These Are the Journalists Israel Has Killed Since the Start of the Iran War
- UK to hold fresh pork, other affected Spanish products at border amid African swine fever outbreak
- Instructions to Redo Your Kona SUV for Improved Tasteful Allure and Usefulness
- Instructions to Utilize Your Brain science Certification to Work on Corporate Culture
- I read 115 books this year. 'Wuthering Heights,' 'Heart the Lover' and 'The House of My Mother' were among my 10 favorites.
- A Republican elected governor in California? It's not as far-fetched as it sounds.
- Signature Scents: A Manual for Outstanding Fragrances
- Several Israelis attempt to cross into Gaza, escorted back to Israel by IDF
- Uzbekistan launches €9.46 billion green energy push, covering nation’s power needs
