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CVS Health Earnings Estimate

CVS Stock  USD 67.77  0.73  1.07%   
The next projected EPS of CVS Health is estimated to be 1.71 with future projections ranging from a low of 1.53 to a high of 1.9. CVS Health's most recent 12-month trailing earnings per share (EPS TTM) is at 6.47. Please be aware that the consensus of earnings estimates for CVS Health Corp is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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CVS Health is projected to generate 1.71 in earnings per share on the 31st of March 2024. CVS Health earnings estimates module stress-tests analyst consensus about projected CVS Health Corp EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Many public companies, such as CVS Health, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing CVS Health's earnings estimates, investors can diagnose different trends across CVS Health's analyst sentiment over time as well as compare current estimates against different timeframes. At this time, CVS Health's Pretax Profit Margin is comparatively stable compared to the past year. Operating Profit Margin is likely to gain to 0.06 in 2024, despite the fact that Gross Profit is likely to grow to (193.2 B).
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

CVS Health Earnings Estimation Breakdown

The calculation of CVS Health's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of CVS Health is estimated to be 1.71 with the future projection ranging from a low of 1.53 to a high of 1.9. Please be aware that this consensus of annual earnings estimates for CVS Health Corp is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
2.12
1.53
Lowest
Expected EPS
1.71
1.90
Highest

CVS Health Earnings Projection Consensus

Suppose the current estimates of CVS Health's value are higher than the current market price of the CVS Health stock. In this case, investors may conclude that CVS Health is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and CVS Health's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of March 2024Current EPS (TTM)
2494.69%
2.12
1.71
6.47

CVS Health Earnings per Share Projection vs Actual

Actual Earning per Share of CVS Health refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering CVS Health Corp predict the company's earnings will be in the future. The higher the earnings per share of CVS Health, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

CVS Health Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as CVS Health, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of CVS Health should always be considered in relation to other companies to make a more educated investment decision.

CVS Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact CVS Health's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-02-07
2023-12-311.992.120.13
2023-11-01
2023-09-302.132.210.08
2023-08-02
2023-06-302.112.210.1
2023-05-03
2023-03-312.092.20.11
2023-02-08
2022-12-311.921.990.07
2022-11-02
2022-09-301.992.090.1
2022-08-03
2022-06-302.172.40.2310 
2022-05-04
2022-03-312.152.220.07
2022-02-09
2021-12-311.931.980.05
2021-11-03
2021-09-301.781.970.1910 
2021-08-04
2021-06-302.062.420.3617 
2021-05-04
2021-03-311.722.040.3218 
2021-02-16
2020-12-311.241.30.06
2020-11-06
2020-09-301.331.660.3324 
2020-08-05
2020-06-301.932.640.7136 
2020-05-06
2020-03-311.631.910.2817 
2020-02-12
2019-12-311.681.730.05
2019-11-06
2019-09-301.771.840.07
2019-08-07
2019-06-301.691.890.211 
2019-05-01
2019-03-311.51.620.12
2019-02-20
2018-12-312.052.140.09
2018-11-06
2018-09-301.711.730.02
2018-08-08
2018-06-301.611.690.08
2018-05-02
2018-03-311.411.480.07
2018-02-08
2017-12-311.891.920.03
2017-11-06
2017-09-301.481.50.02
2017-08-08
2017-06-301.311.330.02
2017-05-02
2017-03-311.11.170.07
2017-02-09
2016-12-311.671.710.04
2016-11-08
2016-09-301.571.590.02
2016-08-02
2016-06-301.31.320.02
2016-05-03
2016-03-311.161.180.02
2016-02-09
2015-12-311.531.530.0
2015-10-30
2015-09-301.291.28-0.01
2015-08-04
2015-06-301.21.220.02
2015-05-01
2015-03-311.081.140.06
2015-02-10
2014-12-311.21.210.01
2014-11-04
2014-09-301.131.150.02
2014-08-05
2014-06-301.11.130.03
2014-05-02
2014-03-311.041.02-0.02
2014-02-11
2013-12-311.111.120.01
2013-11-05
2013-09-301.021.050.03
2013-08-06
2013-06-300.960.970.01
2013-05-01
2013-03-310.790.830.04
2013-02-06
2012-12-311.11.140.04
2012-11-06
2012-09-300.840.850.01
2012-08-07
2012-06-300.80.810.01
2012-05-02
2012-03-310.630.650.02
2012-02-08
2011-12-310.890.890.0
2011-11-03
2011-09-300.680.70.02
2011-08-04
2011-06-300.640.650.01
2011-05-05
2011-03-310.550.570.02
2011-02-03
2010-12-310.790.80.01
2010-11-03
2010-09-300.650.650.0
2010-07-28
2010-06-300.680.65-0.03
2010-05-04
2010-03-310.580.60.02
2010-02-08
2009-12-310.780.790.01
2009-11-05
2009-09-300.640.650.01
2009-08-04
2009-06-300.640.650.01
2009-05-05
2009-03-310.540.550.01
2009-02-19
2008-12-310.690.70.01
2008-10-30
2008-09-300.60.60.0
2008-07-31
2008-06-300.60.60.0
2008-05-01
2008-03-310.550.550.0
2008-01-31
2007-12-310.550.550.0
2007-11-01
2007-09-300.440.450.01
2007-08-02
2007-06-300.460.470.01
2007-05-08
2007-03-310.450.43-0.02
2007-02-01
2006-12-310.440.450.01
2006-11-01
2006-09-300.320.330.01
2006-08-03
2006-06-300.370.40.03
2006-05-04
2006-03-310.380.390.01
2006-02-02
2005-12-310.40.410.01
2005-11-03
2005-09-300.30.30.0
2005-08-03
2005-06-300.310.330.02
2005-05-05
2005-03-310.340.350.01
2005-02-02
2004-12-310.270.280.01
2004-11-04
2004-09-300.210.220.01
2004-08-04
2004-06-300.270.280.01
2004-05-05
2004-03-310.280.30.02
2004-02-12
2003-12-310.290.320.0310 
2003-10-29
2003-09-300.230.230.0
2003-07-30
2003-06-300.240.250.01
2003-05-06
2003-03-310.240.240.0
2003-02-04
2002-12-310.230.250.02
2002-10-30
2002-09-300.190.20.01
2002-07-31
2002-06-300.210.220.01
2002-05-08
2002-03-310.210.220.01
2002-02-05
2001-12-310.120.120.0
2001-10-30
2001-09-300.150.150.0
2001-07-31
2001-06-300.240.240.0
2001-05-02
2001-03-310.270.270.0
2001-02-06
2000-12-310.260.260.0
2000-10-30
2000-09-300.180.180.0
2000-08-01
2000-06-300.230.230.0
2000-05-09
2000-03-310.230.240.01
2000-02-08
1999-12-310.220.230.01
1999-10-27
1999-09-300.150.150.0
1999-07-28
1999-06-300.190.20.01
1999-04-28
1999-03-310.190.210.0210 
1999-01-28
1998-12-310.180.180.0
1998-10-28
1998-09-300.120.130.01
1998-07-29
1998-06-300.150.160.01
1998-05-06
1998-03-310.160.170.01
1998-02-09
1997-12-310.150.150.0
1997-10-22
1997-09-300.10.10.0
1997-07-28
1997-06-300.120.130.01
1997-04-24
1997-03-310.110.130.0218 
1997-02-05
1996-12-310.10.110.0110 
1996-10-22
1996-09-300.060.060.0
1996-07-23
1996-06-300.10.10.0
1996-04-23
1996-03-31-0.050.030.08160 

About CVS Health Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of CVS Health earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current CVS Health estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as CVS Health fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for Next Year
Retained Earnings61.6 B64.7 B
Retained Earnings Total Equity64.6 B39.9 B
Earnings Yield 0.08  0.04 
Price Earnings Ratio 12.16  11.55 
Price Earnings To Growth Ratio 0.13  0.12 

Pair Trading with CVS Health

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CVS Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CVS Health will appreciate offsetting losses from the drop in the long position's value.

Moving against CVS Stock

  0.44AA Alcoa Corp Financial Report 17th of July 2024 PairCorr
The ability to find closely correlated positions to CVS Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVS Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CVS Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CVS Health Corp to buy it.
The correlation of CVS Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CVS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS Health Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CVS Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether CVS Health Corp is a strong investment it is important to analyze CVS Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CVS Health's future performance. For an informed investment choice regarding CVS Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for CVS Stock analysis

When running CVS Health's price analysis, check to measure CVS Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.
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Is CVS Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CVS Health. If investors know CVS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CVS Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Dividend Share
2.42
Earnings Share
6.47
Revenue Per Share
277.528
Quarterly Revenue Growth
0.12
The market value of CVS Health Corp is measured differently than its book value, which is the value of CVS that is recorded on the company's balance sheet. Investors also form their own opinion of CVS Health's value that differs from its market value or its book value, called intrinsic value, which is CVS Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CVS Health's market value can be influenced by many factors that don't directly affect CVS Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CVS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.