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
The 15 Most Powerful Forerunners in Business - 2I'm a woman who's into weightlifting. Was I man enough for the creatine-packed 'Man Cereal'?
- 3Sean Penn lights up, Kylie Jenner gets A-list approval and 7 other moments you didn’t see at the Golden Globes
- 4Historical mysteries solved by science in 2025
- 57 Odd Apparatuses to Make Your Party Stick Out!
- Step by step instructions to Involve Compact disc Rates for Magnanimous Giving
- Which Film Has the Incomparable Melodic Score?
- Instructions to Construct an Organization While Chasing after a Web-based Degree
- The Way to Monetary Freedom: A Viable Aide
- Starship success, a private moon landing and more: The top 10 spaceflight stories of 2025
- Step by step instructions to Choose the Right Internet based Degree Program for Your Future
- Archaeologists uncover details about the Hjortspring boat's origins
- Figure out how to Detect the Best Rooftop Substitution Choices
- Steven Spielberg's 'Disclosure Day' trailer drops: What we know about the alien movie
