CVS Health (CVS) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this drugstore chain and pharmacy benefits manager have returned +1%, compared to the Zacks S&P 500 composite's +5.1% change. During this period, the Zacks Retail - Pharmacies and Drug Stores industry, which CVS Health falls in, has gained 1%. The key question now is: What could be the stock ...

Jason marz/Moment via Getty ImagesThe stock market has started 2024 on a strong footing, with the S&P 500 (SP500) climbing 4.8% in just the first 38 days of the year. However, unlike 2023 where a group of seven major companies, the Magnificent 7, drove most of the gains, this year's rally is much more concentrated. Just four stocks are responsible for nearly 75% of the S&P 500's total return so far, highlighting a shift towards a more narrow market performance: Amazon (AMZN), YTD return 12.24%, Blende ...

CVS Health chief executive officer Karen Lynch said the healthcare giant is sticking with its ... [+] expansion strategy for Oak Street Health to open 50 to 60 clinics for seniors next year.CVS Health CVS Health chief executive officer Karen Lynch said the healthcare giant is sticking with its expansion strategy for Oak Street Health to open 50 to 60 clinics for seniors next year.CVS last year acquired Oak Street for $10.6 billion in cash, adding a large network of doctor-staffed clinics primarily used by s ...

Key TakeawaysCVS reported fourth-quarter earnings of $2.12 per share, 4% higher than a year ago, and ahead of Wall Street estimates.The company lowered its guidance for 2024 due to a rise in insurance payouts.Americans are using the post-Covid quiet in hospitals to undergo elective procedures, which is a trend that CVS expects to continue.CVS Healthcare (CVS) shares gained ground on Wednesday after the company reported better-than-expected earnings but lowered its 2024 guidance due to an increase in insuran ...

CVS Health announced profitable fourth-quarter (Q4) and full-year earnings on Wednesday (Feb. 7), crediting initiatives to improve primary care and expand omnichannel health services. These efforts aim to provide consumers with accessible care options, whether in-person, virtually or at home, the company told investors on a call. In terms of headline numbers, the Woonsocket, Rhode Island-based company reported total revenues of $358 billion in 2023, an increase of about 11% compared to the prior year, and c ...

CVS Health Corporation's (CVS) fourth-quarter 2023 adjusted earnings per share (EPS) of $2.12 rose 3.9% year over year and exceeded the Zacks Consensus Estimate by 5.5%. The adjusted EPS figure considers certain asset amortization costs, loss on assets held for sale and other adjustments.On a reported basis, the company’s GAAP earnings were $1.58 per share compared with the year-ago GAAP EPS of $1.77, down 10.7%.For the full year, adjusted earnings were $8.74 per share, down 3.2% from the year-ago period’s ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

CVS Health Corp (NYSE:CVS) stock is on the rise today, after better-than-expected fourth-quarter earnings of $2.12 per share and despite the healthcare giant's disappointing 2024 forecast. The company lowered its guidance as medical procedures among older patients increased, fueling costs in the insurance business. At last glance, CVS was up 2.5% at $75.63, earlier as high as $77.40 at this morning's peak. The stock is breaking above its 20-day moving average today, though its 320-day trendline appears to b ...

For the quarter ended December 2023, CVS Health (CVS) reported revenue of $93.81 billion, up 11.9% over the same period last year. EPS came in at $2.12, compared to $1.99 in the year-ago quarter.The reported revenue represents a surprise of +3.31% over the Zacks Consensus Estimate of $90.8 billion. With the consensus EPS estimate being $2.01, the EPS surprise was +5.47%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

CVS Health reported fourth quarter 2023 net income of $2 billion thanks to double-digit percentage ... [+] growth in the company’s healthcare benefits and services businesses that included contributions from newly acquired medical providers. In this photo, a CVS Health product is displayed at a store in North Andover, Mass., Monday, May 3, 2021. (AP Photo/Elise Amendola, File)Copyright 2021 The Associated Press. All rights reserved.CVS Health reported net income of $2 billion thanks to double-digit percenta ...