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
Palestinian leader Abbas says elections only after Gaza war ends13.12.2025 - 2Figure out How to Get the Best Open Record Rewards19.10.2023
- 3Anger as German family business group opens talks with far-right AfD25.11.2025
- 4When darkness shines: How dark stars could illuminate the early universe13.12.2025
- 5Director Emerald Fennell explains why "Wuthering Heights" has quotation marks around the title15.01.2026
- See the famous winged horse Pegasus fly in the autumn night sky
- Investigating the World's Chief Authentic Urban communities to Visit
- The Main 10 Natural life Protection Associations
- Vote in favor of the subject that you see as generally captivating and intelligent!
- Astronaut on ISS captures spectacular orbital video of zodiacal light, auroras and the Pleiades
- ‘The White Lotus’ sparked online interest in risky anxiety pills, study says
- Trump administration plan to reduce access to some student loans angers nurses, health care groups
- 'A prank': Israel Police detain suspect for shooting rubber bullets at Ashkelon kindergarten
- ‘Trip of suffering’: Gaza evacuee details 24-hour journey to South Africa
