CVS Health, on the other hand, is facing significant hurdles. Challenges in its retail and healthcare segments, coupled with rising operating costs, have hampered CVS’s profitability, raising concerns about its future outlook. The retail and healthcare giant, set to release its Q3 earnings before the market opens on Wednesday at 6:30AM ET, has recently seen analyst sentiment turn bearish.
All 14 analysts surveyed by InvestingPro have lowered their profit expectations, projecting a 30% drop from initial estimates. According to the options market, traders are pricing in a swing of approximately 7% in either direction for CVS stock following the print.
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Between now and the 4th qtr you can expect cvs to pump up as much reserves and other charges so as to wipe the slate clean heading into next year, including future layoffs. DJ and the board won’t want to carry any excess baggage into 2025 so they can demonstrate they turned things around.
We all can google and read the news. No need to post this.
Cvs is in real trouble and the dividend is on shaky ground as well.