CVS Health Stock Dip: Undervalued And Ready For A Turnaround [Seeking Alpha]
CVS Health Corporation (CVS)
Last cvs health corporation earnings: 2/12 06:45 am
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US:NYSE Investor Relations:
investors.cvshealth.com
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Source: Seeking Alpha
Summary CVS Health dropped ~10% following Q3 earnings, impacted by a $1.1B Medicare charge and a $1.2B restructuring charge. CVS's FY2024 EPS forecast is $6.47, down 26.01% YoY, reflecting financial challenges, but FY2025 recovery is projected at $7.30, up 13%. The company's revenue is estimated at $369.25 billion in 2024, with upward revisions suggesting optimism, projected to reach $386.28 billion by 2025. The price-to-sales ratio of 0.2 is far below sector peers, highlighting significant undervaluation with potential for over 1X upside. CVS stock near $57 has upside potential to $71.7 based on Fibonacci analysis, with support at $61.2 and risk down to $52.7. Wolterk/iStock Editorial via Getty Images Investment Thesis CVS Health ( NYSE: CVS ) experienced a significant drop of ~10% following disappointing preliminary Q3 earnings, which missed consensus estimates. The company reported a $1.1 billion charge linked to its Medicare and Individual Exchange businesses and
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CVS
News
- In the wake of CVS Health Corporation's (NYSE:CVS) latest US$3.4b market cap drop, institutional owners may be forced to take severe actions [Yahoo! Finance]Yahoo! Finance
- Wall Street looking for CVS to show execution plan [Yahoo! Finance Canada]Yahoo! Finance Canada
- Wall Street looking for CVS to show execution plan [Yahoo! Finance Canada]Yahoo! Finance Canada
- Analysts Still Bullish on CVS Ahead of Earnings Despite Recent Stock Drop [Yahoo! Finance]Yahoo! Finance
- HIV-Positive Individuals Seek to Certify a Class Action in Discrimination Case Against CVS, Says Consumer Watchdog [Yahoo! Finance]Yahoo! Finance
CVS
Earnings
- 8/7/24 - Beat
CVS
Sec Filings
- 10/24/24 - Form SC
- 10/18/24 - Form 8-K
- 9/19/24 - Form 3
- CVS's page on the SEC website