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
Promising Speculation Bearings for Portfolio Development in 2024 - 2‘I love this work, but it’s killing me’: The unique toll of being a spiritual leader today
- 3Brilliant and Gleaming: Excellence and Skincare Practices
- 4Famous Places to get-away for Americans
- 5NASA's Artemis 2 pilot Victor Glover listens to 'Whitey on the Moon' every Monday. This is why.
- Airbnb Unveils Airport Pickup Service Across 125 Cities in Global Expansion
- Building a Flourishing Business: Illustrations from Business people
- Death toll from floods in Afghanistan rises to 61
- The 10 Most Compelling Forerunners in Innovation
- Ariana Grande and Jonathan Bailey will reunite for 'Sunday in the Park With George'
- What are the health benefits of whole milk for kids?
- 'Seditious behavior': Trump accuses Democrats who made video reminding the military not to follow illegal orders of a crime — but is it?
- Noctourism: the new safari travel trend that's changing the wildlife we can photograph in Africa
- Artemis II live updates: NASA's historic moon mission set to make lunar flyby today
