Home > Boards > US Listed > Retail - Chains > CVS Health Corporation (CVS)

CVS Is Back: Robust Q3 Earnings, Upbeat Guidance

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
DiscoverGold Member Profile
 
Followed By 157
Posts 59,348
Boards Moderated 39
Alias Born 03/10/04
160x600 placeholder
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/28/2020 4:58:05 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/28/2020 4:50:52 PM
CVS Health Opens 39 New Drive-Thru Test Sites in Virginia as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Opens 22 New Drive-Thru Test Sites in Missouri as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Opens 34 New Drive-Thru Test Sites in Ohio as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 23 Additional New Drive-Thru Test Sites in Georgia PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Opens 16 New Drive-Thru Test Sites in Michigan as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Opens 4 New Drive-Thru Test Sites in Maine as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Opens 10 New Drive-Thru Test Sites in Minnesota as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 9 Additional New Drive-Thru Test Sites in Arizona PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 5 Additional New Drive-Thru Test Sites in Massachusetts PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 42 Additional New Drive-Thru Test Sites in Texas PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 29 Additional New Drive-Thru Test Sites in Pennsylvania PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 30 Additional New Drive-Thru Test Sites in Florida PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Opens 55 New Drive-Thru Test Sites in North Carolina as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 15 Additional New Drive-Thru Test Sites in Louisiana PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 45 Additional New Drive-Thru Test Sites in New Jersey PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 24 Additional New Drive-Thru Test Sites in Illinois PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Opens 15 New Drive-Thru Test Sites in South Carolina as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 13 Additional New Drive-Thru Test Sites in Maryland PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Opens 10 New Drive-Thru Test Sites in Rhode Island as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Opens 7 New Drive-Thru Test Sites in Kentucky as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Opens 11 New Drive-Thru Test Sites in Oklahoma as Part of Nationwide COVID-19 Response PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 36 Additional New Drive-Thru Test Sites in New York PR Newswire (US) - 5/28/2020 8:00:00 AM
CVS Health Expands Statewide COVID-19 Response By Opening 91 Additional New Drive-Thru Test Sites in California PR Newswire (US) - 5/28/2020 8:00:00 AM
DiscoverGold   Wednesday, 11/06/19 11:45:49 AM
Re: None
Post # of 280 
CVS Is Back: Robust Q3 Earnings, Upbeat Guidance
By: 24/7 Wall St. | November 6, 2019

CVS Health Corp. (NYSE: CVS) released its third-quarter financial results before the markets opened on Wednesday. The firm said that it had $1.84 in earnings per share (EPS) and $64.8 billion in revenue, compared with consensus estimates that called for $1.77 in EPS and revenue of $62.99 billion. The same period of last year reportedly had EPS of $1.73 on $47.27 billion in revenue.

During the most recent quarter, revenue growth was primarily driven by the impact of the Aetna acquisition, as well as increased volume and brand name drug price inflation in both the Pharmacy Services and Retail/LTC segments. The revenue increase was partially offset by continued price compression in the Pharmacy Services segment, reimbursement pressure in the Retail/LTC segment and an increased generic dispensing rate.

Pharmacy segment revenues increased 6.4% year over year, primarily due to brand name drug price inflation, as well as increased total pharmacy claims volume, partially offset by continued price compression and an increased generic dispensing rate.

The Retail/LTC segment revenues increased 2.9%, primarily driven by increased prescription volume and brand name drug price inflation.

The Health Care Benefits segment saw an increase of $16.5 billion for the quarter driven by the Aetna acquisition.

Looking ahead to the full year, the company expects to see EPS in the range of $6.97 to $7.05. Consensus estimates are calling for $6.98 in EPS and $252.53 billion in revenue for the year.

Larry Merlo, president and CEO, commented:

Our third quarter results build on the positive momentum we have seen across the company since the beginning of the year. All of our core businesses performed in line with or above expectations, reflecting strong operational execution. As a result, we delivered strong growth and generated robust operating cash flow, which enabled us to continue to delever while returning capital to our shareholders.

Shares of CVS traded up more than 4% Wednesday morning, at $70.42 in a 52-week range of $51.72 to $82.15. The consensus price target is $71.13.

Read Full Story »»»

DiscoverGold

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist