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
Factbox-Artemis II crew includes first woman, Black astronaut and Canadian ever flown to moon - 2Auschwitz Committee wants German auction of Holocaust items scrapped
- 3Figure out How to Involve a Brain science Certification in Showcasing
- 4New India programme supports tribal families hosting tourists
- 52024's Hot Games: Must-Play Titles of the Year
- 5 Great and High Evaluated Scene Configuration Administrations For 2024
- The 15 Most Compelling Books in History
- Golden Globes 2026 full nominations list: 'One Battle After Another' and 'The White Lotus' lead in film and television categories
- Ukraine's new defense minister just outlined how dire its troop shortage has become
- Nick Reiner's defense attorney asks to be replaced, again delaying arraignment in connection with the stabbing deaths of his parents, Rob Reiner and Michele Singer Reiner
- EU agrees on agriculture safeguards as fronts harden in Mercosur deal
- Elvis Presley's Infamous Pantera Shooting
- Extraordinary Guinness World Records That Will Astound You
- Hezbollah fires over 600 times at Israel, IDF troops over last 24 hours
