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
5 Family SUVs for 2024: Which One Accommodates Your Family's Needs\uff1f - 2I traveled to 13 countries in 2025. This small island nation surprised me the most.
- 3Astronauts beam home Christmas wishes from International Space Station: 'I think we may be orbiting a little higher than Santa' (video)
- 4Figure out How to Get the Best Open Record Rewards
- 5A Manual for Pick Dependable Vehicle Rental Administrations For 2024
- I was about to film a movie with Glen Powell when my hair started falling out in clumps. Alopecia has made me unrecognizable as an actor.
- Why the weirdest sea level changes on Earth are happening off the coast of Japan
- Explainer-What will change with the US reclassification of marijuana?
- A Manual for Nations with Extraordinary Food
- Support Your Body: A Manual for Smart dieting and Sustenance
- Hungary's 'water guardian' farmers fight back against desertification
- Careful Nurturing: Techniques for Bringing up Tough Children
- Step by step instructions to Lessen Your Gamble of Creating Cellular breakdown in the lungs
- The Best Design Bloggers for Style Motivation
