CVS Health increases profit scope for 2021 and vision is supported for 2022

CVS Health Corp. CVS, up 1.23% Tuesday, said it expects earnings of $5.87 to $5.92 per share in 2021, down from its previous forecast of $5.50 to $5.61. The company now expects full-year 2021 adjusted earnings of $8.33 to $8.38 per share, up from its previous view of earnings of at least $8 per share. Wall Street analysts had expected earnings of $8.04 per share for 2021, according to a FactSet survey. CVS Health continues to forecast 2022 earnings of $7.04 to $7.24 per share and adjusts 2022 earnings of $8.10 to $8.30. Analysts target 2022 earnings of $8.26 per share. Members of CVS Health's leadership team will present these performance targets in a webcast at 8:15 a. m. EDT. CVS Health shares rose 40.3% over the past year, compared with a 22.9% gain for the S&P 500.

SOURCE

Gelsi, S. (2022, January 11). CVS Health hikes 2021 earnings range and backs 2022 view. MarketWatch. Retrieved January 11, 2022, from https://www.marketwatch.com/story/cvs-health-hikes-2021-earnings-range-and-backs-2022-view-2022-01-11?siteid=yhoof2