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
Russia Fields New Ulan-2 All-Terrain Tactical Vehicle - 2Instructions to Pick the Best Course for Your Next Waterway Voyage: Objections, Views, and Social Encounters
- 35 Great Home Remodel Administrations With Green Arrangements In 2024
- 4Former biotech CEO sued over COVID vaccine alleged insider trading
- 5Is Iran using cryptocurrencies to circumvent sanctions?
- The Incomparable Advanced cameras: Which One Will Win?
- 3 astronauts settle into their new life in orbit | On the International Space Station this week Dec. 1-5, 2025
- Consumer outlook on UK economy falls to two-year low
- Game theory explains why reasonable parents make vaccine choices that fuel outbreaks
- Middle East hotels hit pandemic-era lows amid Iran war
- One spent $20 on candy. Another paid $700 for a custom costume. Here's how Halloween costs stacked up this year.
- Can a mammogram help identify heart disease?
- Trump said affordability is a ‘hoax’ in his Pennsylvania speech. What do the latest numbers show?
- SpaceX launches Starlink satellites on its 150th Falcon 9 mission of the year
