CVS forecasts 2026 profit above estimates on strong performance


Dec 9 (Reuters) – CVS Health 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.

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)



Source link

  • Related Posts

    After HST Break, governments turn to building costs with $8.8 billion plan

    Another round of housing-related relief is rolling out from Ottawa and Queen’s Park, just days after the Federal government’s move to scrap the 13 per cent HST on new homes…

    15-year-old Texas student shoots high school teacher, then dies at scene

    A teacher at a Texas high school was shot by a student Monday morning and that student is now dead, law enforcement said. The teacher was hospitalized with unknown injuries,…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    After HST Break, governments turn to building costs with $8.8 billion plan

    Air Canada employee charged after alleged weed smuggling scheme at Pearson airport

    Air Canada employee charged after alleged weed smuggling scheme at Pearson airport

    Roy Hodgson: Bristol City caretaker boss says role ‘hard to turn down’

    Roy Hodgson: Bristol City caretaker boss says role ‘hard to turn down’

    3/30: Face the Nation – CBS News

    3/30: Face the Nation – CBS News

    15-year-old Texas student shoots high school teacher, then dies at scene

    15-year-old Texas student shoots high school teacher, then dies at scene

    Israel passes law to give death penalty to Palestinians convicted of lethal attacks | Israel

    Israel passes law to give death penalty to Palestinians convicted of lethal attacks | Israel