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
Make Your Fantasy Closet: 10 Immortal Design Fundamentals - 210 Demonstrated Systems to Develop Your Internet based Business
- 3Astonishing Deserts All over The Planet You Really want To Visit
- 4MacArthur Foundation awards $100M to outbreak surveillance network, a boost amid global health cuts
- 5Figure out how to Perceive Warnings while Looking for an Auto Collision Lawyer
- Toddler given just 3 years to live after strange symptoms makes full recovery
- 10 Demonstrated Tips to Expand Your New Android Cell phone: A Thorough Aide
- Manual for Wonderful Getaway destination
- Volcanic eruption led to the Black Death, new research suggests
- 12 times rockets and spacecraft crashed and burned in 2025
- Mississippi Insight for Jan. 11, 2026
- Desired Travel Objections Worldwide: Where to Go Straightaway
- New movies to watch this week: See 'Marty Supreme' in theaters, rent 'Springsteen: Deliver Me from Nowhere,' stream 'Cover-Up' on Netflix
- Undeniably popular Historical centers: Where Craftsmanship and History Meet
