CVS Health Corporation (CVS)

[DiscoverGold]

Earnings Previews: CVS
By: 24/7 Wall St. | April 30, 2021

CVS

Pharmacy and health plan services giant CVS Health Corp. (NYSE: CVS) is scheduled to report quarterly earnings before Tuesday’s opening bell. Shares dropped more than 5% last year, largely as a result of stay-at-home orders and lockdowns. Shares have risen more than 13% so far this year, yielding a 16-month share price gain of around 7.5%.

Most brokerages (15 of 24) rate CVS stock as a Buy or Strong Buy, with a 12-month consensus price target of $87.25. At about $76.35 per share, the upside potential on the stock about 14.3%. At the high target of $102, upside potential is nearly 34%.

Analysts have forecast first-quarter EPS of $1.71, down about 10.5% compared with the year-ago quarter. Revenue is expected to increase by 2.4% to $68.39 billion. For the full year, analysts are looking for EPS of $7.51 on sales of $280.09 billion. In 2020, CVS reported EPS of $7.50 and sales of $268.71 billion.

CVS stock trades at 10.1 times expected 2021 EPS, 9.4 times estimated 2022 earnings and 8.7 times estimated 2023 earnings. The stock’s 52-week range is $55.36 to $77.44, and CVS pays an annual dividend of $2.00 per share (yield of 2.62%).

Read Full Story »»»

DiscoverGold