Why CVS Health (CVS) is Poised to Beat Earnings Estimates Again

Core Insights - CVS Health is positioned well to continue its trend of beating earnings estimates, particularly in the upcoming quarterly report [1] Earnings Performance - CVS Health has a strong history of exceeding earnings estimates, with an average surprise of 17.79% over the last two quarters [2] - In the most recent quarter, CVS Health reported earnings of $1.19 per share, surpassing the expected$0.89 per share by 33.71%. The previous quarter also saw a slight beat, with actual earnings of $1.09 per share against an estimate of$1.07 per share, resulting in a surprise of 1.87% [3] Earnings Estimates and Predictions - Recent estimates for CVS Health have been revised upward, indicating positive sentiment among analysts. The Zacks Earnings ESP for the company is currently positive, suggesting a strong likelihood of another earnings beat [5][8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, indicating a high probability of exceeding consensus estimates [6] Earnings ESP Analysis - The current Earnings ESP for CVS Health is +6%, reflecting a bullish outlook from analysts regarding the company's earnings prospects. This positive metric, combined with a Zacks Rank of 3, suggests that another earnings beat may be imminent [8]