- CVS is projecting its 2024 revenue to be at least $366 billion, which exceeds the estimated $345.52 billion.
- The company’s adjusted EPS (Earnings Per Share) is expected to be at least $8.50.
- The projected EPS for CVS is no less than $7.26.
- CVS anticipates a cash flow from operations of at least $12.5 billion, which is below the estimated $13.61 billion.
- The high end of the projected cash flow from operations is between $12.5 billion and $13.5 billion.
- The company maintains its adjusted EPS within the range of $8.50 to $8.70.
- CVS’s EPS is expected to be within the range of $6.37 to $6.61.
- The company’s revenue is projected to be between $351.5 billion and $357.3 billion, which is close to the estimated $353.73 billion.
- CVS has reiterated its 2023 Financial Guidance.
- The company has announced a quarterly dividend of $0.665C per share, marking a 10% increase.
- CVS is set to introduce a new pharmacy reimbursement model and a new brand for its Health Services segment.
- The company is rolling out CVS CostVantage, a new approach that modernizes the traditional pharmacy reimbursement model and brings more transparency and simplicity to the system.
- CVS Pharmacy plans to launch CVS CostVantage with Pharmacy Benefit Managers (PBMs) for their commercial payors in 2025.
- The company has received 20 buys, 7 holds, and 0 sells.
Cvs Health Corp on Smartkarma
According to research reports published by Baptista Research on Smartkarma, an independent investment research network, CVS Health Corp has exceeded analyst expectations in terms of revenue and earnings. The Pharmacy & Consumer Wellness segment achieved nearly $29 billion in revenues and the acquisitions of Signify Health and Oak Street Health have strengthened its position in value-based care. The research reports have given CVS Health Corp a ‘Buy’ rating with a revised target price.
The research reports state that CVS Health Corp has demonstrated significant progress in restoring its Medicare Advantage Star rating and efforts to connect its acquired assets with existing offerings are expected to accelerate growth. The research reports have been authored by Baptista Research and have a ‘Bull’ sentiment.
A look at Cvs Health Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
CVS Health Corporation has long-term potential for investors. According to Smartkarma Smart Scores, the company scores high in value, dividend, and momentum. With a score of 4 for value, CVS Health Corporation is a great option for investors looking for a solid investment with a good return. Additionally, CVS Health Corporation has a score of 3 for dividend, making it an attractive option for investors looking for a steady income. Lastly, its score of 3 for momentum indicates that the company has a stable outlook for the future.
As a leading integrated pharmacy health care provider, CVS Health Corporation operates drugstores throughout the U.S., the District of Columbia, and Puerto Rico. It offers a variety of services, including pharmacy benefit management services, mail order, retail and specialty pharmacy, disease management programs, and retail clinics. With its strong scores for value, dividend, and momentum, CVS Health Corporation is well-positioned for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars
