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
Science is best communicated through identity and culture – how researchers are ensuring STEM serves their communities - 2Vote In favor of Your Favored Occasion Arranging Administration
- 3EU chief urges Iran to free imprisoned protesters, lift internet ban
- 4A 'Stranger Things' documentary covering the final season is on its way: Watch the trailer
- 5Fascinating Fishing Objections From Around The World
- A definitive Manual for Picking Electric Vehicle: Decision in favor of Your Number one
- the Kinds of Thailand: Decision in favor of Your Number one Thai Dish!
- Extravagance SUVs for Seniors: Solace, Innovation, and Security
- Toddler diagnosed with cancer makes remarkable recovery after aggressive treatment
- Vote in favor of the Top Vegetable for Senior
- The most effective method to Remain Ahead in the Most recent Advanced Patterns with a Web based Advertising Degree
- Savvy Cleaning: The 6 Robot Vacuums of 2024
- 6 Hints to Upgrade Your Charm, In addition to Your Mentality
- ACA subsidies latest: Making sense of what's happening with health care after Republicans revolt, forcing a vote on funding extension
