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
The Benefits of Effective money management for Your Youngsters' Future Monetary Prosperity - 2Carina Nebula shines with white-blue stars | Space photo of the day for Jan. 5, 2026
- 3Jason Kelce opens about wife Kylie Kelce's past pregnancy loss
- 4Go With The Breeze: Grand Paragliding Spots On the planet
- 5Improving as a Cook: Culinary Experiences in the Kitchen
- The most effective method to Guarantee Thorough Inclusion in Senior Protection.
- A mom stopped giving her kids snacks — and sparked a debate about eating habits
- Is 'Stranger Things' releasing one last episode? The 'Conformity Gate' fan theory explained as speculation mounts.
- Figure out How to Stay away from Normal Handshaking Missteps
- 2026 Golden Globes live updates: Red carpet arrivals will kick off the night; Nikki Glaser set to host
- Coffee Prices Finish Higher on Brazil Cop Concerns
- 'The Beast in Me' arrives on Netflix: Is it based on a true story? And what drew Claire Danes to it? What to know about the thriller series.
- Hilary Duff announces new album ‘Luck… or Something,’ her first in over 10 years: ‘Excited is the largest understatement’
- Stop the ‘good’ vs ‘bad’ snap judgments and watch your world become more interesting
