CVS Health Corporation (NYSE:CVS) is reporting third quarter financial results on Friday 6th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, CVS is expected to report 3Q20 income of $ 1.33 per share from revenue of $ 66576.40 million.
For the full year, analysts anticipate top line of $ 266988.00 million, while looking forward to income of $ 7.23 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 7.14 ~ $ 7.27 per share
Click Here For More Historical Outlooks Of CVS Health Corporation
Previous Quarter Performance
CVS Health Corporation revealed income for the second quarter of $ 2.64 per share, from the revenue of $ 65,341.00 million. The quarterly earnings 39.68 percent while revenues improved 3.01 percent compared with the same quarter last year.
Street analysts expected CVS Health Corporation to report income of $ 1.92 per share on revenue of $ 64175.20 million for the second quarter. The bottom line results beat street analysts by $ 0.72 or 37.50 percent, at the same time, top line results outshined analysts by $ 1,165.80 million or 1.82 percent.
Stock Performance
Shares of CVS Health Corporation traded up $ 1.04 or 1.72 percent on Thursday, reaching $ 61.41 with volume of 9.85 million shares. CVS Health Corporation has traded high as $ 62.61 and has cracked $ 61.03 on the downward trend
According to the previous trading day, closing price of $ 61.41, representing a 16.01 % increase from the 52 week low of $ 52.04 and a 21.63 % decrease over the 52 week high of $ 77.03.
The company has a market capital of $ 80.37 billion and is part of the Healthcare sector and Health Care Plans industry.
Recent Analyst recommendations
- On 17th September 2020, initiated by Piper Sandler at Overweight rating, with $ 72.00 target price.
Conference Call
CVS Health Corporation will be hosting a conference call at 8:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cvshealth.com
CVS Health Corporation provides health services and plans in the United States. Its Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, Medicare Part D, clinical, disease management, and medical spend management services. The companys Retail/LTC segment sells prescription drugs and general merchandise, such as over-the-counter drugs, beauty products, cosmetics, and personal care products, as well as provides health care services through its MinuteClinic walk-in medical clinics.
