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
Florence's Uffizi Gallery moves treasures to safety after cyberattack - 2New movies to watch this weekend: See 'Predator: Badlands' in theaters, rent 'Black Phone 2,' stream Guillermo del Toro's 'Frankenstein' on Netflix
- 3Tech for Learning: Online Courses and Instructive Apparatuses
- 4This Overlooked Predator Is Running Out of Time—Why Conservationists Are Racing to Save the Striped Hyena
- 5A Colombian city swaps iconic horse buggies for electric carriages amid animal welfare concerns
- Illustrations Gained from a Crosscountry Excursion
- Struggling to keep your New Year's resolutions? Here's how to keep yourself on track
- Countdown begins for long-awaited Artemis II moon mission
- Surveys of 6 Hot Savvy Beds
- Careful Connections: Building Association and Trust
- Big Bear glows with big stars | Space photo of the day for Dec. 31, 2025
- 80 km. on foot: Sharren Haskel’s three-day march in protest of haredi draft bill
- IDF confirms Iranian missile fragments hit near Kirya, multiple cars ablaze in Ramat Gan
- Iranian naval commander Alireza Tangsiri killed in attack, says Israel
