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
Attorney-General to High Court: Gov’t violating draft ruling, risking rule of law - 2EU delays signing of Mercosur free trade deal
- 3Takeda's AI-crafted psoriasis pill succeeds in late-stage studies
- 4How to watch ‘The Traitors’ U.K. Season 4 from the U.S.
- 5IVE 2026 'Show What I Am' Tour: How to get tickets, prices, dates and more
- Cases of norovirus are on the rise just in time for the holiday season
- Noctourism: the new safari travel trend that's changing the wildlife we can photograph in Africa
- This professional Santa's dream of spreading holiday cheer fuels stroke recovery
- Gaza humanitarian efforts reach key milestone as UNICEF vaccinates some 13,000 children
- Well known Worldwide Caf\u00e9s to Experience
- Early Thanksgiving week forecast: Where Americans can expect cold, rain and snow for the holiday
- ‘I love this work, but it’s killing me’: The unique toll of being a spiritual leader today
- UN rights chief: Israel's new Gaza aid agency rules 'outrageous'
- Poll: By a 2-to-1 margin, Americans say Trump has done more to raise prices than lower them
