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
Iran Used $2 Billion in Crypto to Run Its Militant Proxies in 2025 - 2The top astronomical discoveries of 2025
- 3What were the little white pills found in Tiger Woods's pocket at the scene of his crash? What to know about hydrocodone.
- 4Nuno Loureiro, MIT physicist, fatally shot at home; police investigate
- 5Newly Built Sichuan Hydropower Bridge Collapses Into River Months After Opening
- Find the Mysteries of Effective Objective Setting: Transforming Dreams into Feasible Targets
- Find the Future of Outsourcing: Exploring the Gig Economy
- Atorvastatin recall may affect hundreds of thousands of patients – and reflects FDA’s troubles inspecting medicines manufactured overseas
- Help Your Business with Master Web based Promoting Arrangements
- Big majority in Germany call Berlin's efforts on gas prices too weak
- vote in favor of Your #1 kind of climate
- What's your #1 tone
- Flu season is just beginning, but doctors are already on high alert
- Dominating Your Cash: The Fundamental Manual for Overseeing Individual accounting records
