Wall Street looking for CVS to show execution plan [Yahoo! Finance Canada]
CVS Health Corporation (CVS)
Last cvs health corporation earnings: 2/12 06:45 am
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Source: Yahoo! Finance Canada
Joyner replaced Karen Lynch as CEO three weeks ago as the company withdrew its 2024 earnings forecast and provided a third-quarter profit outlook far below analysts' expectations, citing medical spending in its insurance business. CVS shares are down 30% this year and the company faces pressure from investors including hedge fund Glenview Capital Management to improve shareholder value. In the Oct. 18 release, CVS said it had conducted a strategic review that included layoffs, write-downs and the decision to close 271 more retail stores. CVS, which owns insurer Aetna, one of the biggest pharmacy chains in the country and a large pharmacy benefit manager, has repeatedly missed financial expectations in the past year, largely due to costs in its Medicare Advantage plans for people aged 65 and older or who are disabled. "Specific to CVS, their issue is they took on a lot of enrollment growth for 2024, and the patients that they brought on just carried much higher" use of medical s
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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
- 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 Health Co. (NYSE: CVS) had its price target lowered by analysts at Wells Fargo & Company from $61.00 to $60.00. They now have an "equal weight" rating on the stock.MarketBeat
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