CVS Health (CVS) Reports Earnings Tomorrow: What To Expect

The varied CVS Well being (NYSE: CVS) CVS Well being (NYSE: CVS) will report income on Thursday earlier than the market hours. That is what to anticipate.

CVS Well being defeated analysts’ income expectations by 1.5 % within the final quarter, because it reached $ 94.59 billion, a rise of seven % on an annual foundation. It was an distinctive quarter of the corporate, with a powerful rhythm of analyst gross sales estimates on the similar retailer and spectacular EPS estimates.

Is CVS Well being Shopping for or promoting in income? Read our full analysis here, it’s free.

On this quarter, analysts anticipate CVS Well being to develop by 3.2 % on an annual foundation to 94.11 billion {dollars}, consistent with a rise of two.6 % in the identical quarter of final yr. The modified income are anticipated to come back at $ 1.46 per share.

The vast majority of analysts who cowl the corporate have confirmed over the previous thirty days, indicating that they anticipate the work to stay within the course to the income. Cvs Well being has been absent twice over the previous two years.

Taking a look at CVS Well being within the medical insurance service suppliers sector, some have already reported their Q2 outcomes, giving us a touch about what we are able to anticipate. Cente achieved an annual foundation by 22.4 %, overcoming analysts’ expectations of 11.6 %, and Molina Healthcare reported its revenues of 15.7 %, and issued estimates of 4.4 %. The worth of Centene has not modified after the ResultsWhile Molina Healthcare decreased by 16.9 %.

Learn our full evaluation of Centen results here and Molina Healthcare results here.

Traders within the medical insurance service suppliers sector had considerably fastened arms in income, as inventory costs decreased by 1.8 % on common over the previous month. CVS Well being decreased by 13 % on the similar time and is heading to income with the purpose of a median analyst of $ 79.41 (in comparison with the present inventory value of $ 60).

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