Countdown to CVS Health (CVS) Q3 Earnings: Wall Street Forecasts for Key Metrics

Core Insights - Analysts project CVS Health (CVS) will report quarterly earnings of $1.36 per share, a 24.8% increase year over year, with revenues expected to reach $98.29 billion, reflecting a 3% increase from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised upward by 0.1% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Revenue from the Pharmacy & Consumer Wellness Segment is estimated at $35.43 billion, a 9.3% increase year over year [5] - Revenue from Health Care Benefits is projected to reach $34.82 billion, reflecting a 5.5% increase from the previous year [5] - Net revenue from the Health Services segment is expected to be $45.64 billion, indicating a 3.4% year-over-year change [5] Additional Revenue Metrics - Revenue from the Pharmacy & Consumer Wellness Segment - Other is estimated at $597.43 million, a 6.5% increase year over year [6] - The Medical Benefit Ratio (MBR) is projected at 92.3%, down from 95.2% in the same quarter last year [6] Medical Membership Estimates - Total Medical Membership is expected to be 26.58 million, down from 27.15 million year over year [7] - Medical membership for Insured - Medicare Supplement is forecasted at $1.23 billion, compared to $1.29 billion last year [7] Claims and Membership Projections - Pharmacy claims processed are projected to reach 481.18 million, slightly down from 484.10 million year over year [8] - Total Medical Membership for Commercial is expected to be 18.75 million, down from 18.91 million last year [8] - Medicare Advantage - Total membership is estimated at 4.22 million, compared to 4.44 million last year [8] Medicaid and Commercial Membership - Medical membership for Medicaid - Total is projected at $2.39 billion, down from $2.51 billion year over year [9] - Insured - Commercial membership is expected to reach 3.56 million, down from 4.75 million last year [9] Stock Performance - Over the past month, CVS Health shares have returned +8.7%, outperforming the Zacks S&P 500 composite's +1.3% change [9]