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
An Extended time of Careful Nurturing: Individual Bits of knowledge on Bringing up Kids - 2New movies to watch this weekend: See 'The Running Man' in theaters, rent 'One Battle After Another,' stream 'Nobody 2' on Peacock
- 3Satellites capture aftermath of Ethiopian volcano's 1st eruption in recorded history (images)
- 4Iran Used $2 Billion in Crypto to Run Its Militant Proxies in 2025
- 55 Morning Schedules That Stimulate Your Day
- Geminid meteors streak under green sky | Space photo of the day for Dec. 19, 2025
- Grasping the Basics of Business Land Regulation
- Experts who once backed 'shaken baby' science now fight to free imprisoned caregivers
- Instructions to Decide whether a Fender bender Legal counselor is Required for Your Particular Case
- Dolly Parton misses Dollywood event due to 'a few health challenges' after skipping honorary Oscars
- 75% of US adults may meet criteria for obesity under new definition, study finds
- 7 Logically Demonstrated Techniques for Better Rest
- British-Egyptian dissident apologises for tweets as Tories push for UK deportation
- All the ways Marjorie Taylor Greene has shifted her approach lately — and why Trump is 'surprised at her'
