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
Nick Reiner's defense attorney asks to be replaced, again delaying arraignment in connection with the stabbing deaths of his parents, Rob Reiner and Michele Singer Reiner - 2Step by step instructions to Guarantee the Strength and Life span of Your Pre-assembled Home
- 3A mom stopped giving her kids snacks — and sparked a debate about eating habits
- 4Emergent Cold LatAm opens state-of-the-art cold storage hub in Guadalajara
- 5The most effective method to Explore Moral Situations in Brain research with Your Certification
- Winter storm warnings issued across Northeast as up to 9 inches of snow forecast; deadly atmospheric river in California snarls travel
- Remain Fit: Powerful Wellness and Work-out Schedules for a Better You
- 5 Worldwide Road Food varieties You Should Attempt
- Make your choice for the sweet that transports you to its nation of beginning!
- What you need to know about flu treatments as cases spike across the US
- A 'rampaging lion' nebula roars to life in a stunning deep-space photo
- SpaceX launches Starlink satellites from California on 160th Falcon 9 flight of the year (video)
- Step by step instructions to Contrast Lab Jewels and Regular Ones
- Hilary Duff announces new album ‘Luck… or Something,’ her first in over 10 years: ‘Excited is the largest understatement’
