CVS Health (NYSE:CVS) Stock Price Trend Forecast and Trading Range：
2023.1.3 From the stock price chart analysis, today’s stock price opened low and continued to rise, closing unchanged from the previous trading day.Stock prices are in a downtrend in the short term, it is not recommended to buy and hold. The outlook for medium-term and long-term earnings is too uncertain and short-term returns are low. It is recommended to wait patiently for the right trading opportunity. From the analysis of financial statements, the revenue in the third quarter of fiscal 2022 was $81.159 billion, YoY +9.98%, net profit was -$3.416 billion, EPS was -$2.6. Quarterly dividend of $0.55 per share. The revenue loss was mainly due to compensation for a one-time loss, and adjusted earnings per share were 6% higher than the same period last year. The best medium to long term buying price is between $75-$85.
(Note: The upper line in the picture is the resistance, and the lower line is the support)
Key Quote Data:
52 Week Range: 85.76-109.37
P/E Ratio(TTM): 39.2
EPS(TTM): $2.35
Market Cap: $122.08 B
Beta:0.70
Number of employees: 216000 historical data –
Summary of recent financial statements
2/11/2022 Revenue for the third quarter of fiscal 2022 was $81,159 million, YoY +9.98%, net income was -$3,416 million, EPS was -$2.6. Quarterly dividend of $0.55 per share.
GAAP loss per share of $(2.60), inclusive of $5.2 billion pre-tax opioid litigation charges and a $2.5 billion pre-tax loss on assets held for sale related to the Omnicare® long-term care business。Adjusted EPS of $2.09。
2022 Full-Year Guidance
The Company revised its full-year 2022 GAAP diluted EPS guidance range to $3.12 to $3.22 from $7.23 to $7.43 and raised its full-year 2022 Adjusted EPS guidance range to $8.55 to $8.65 from $8.40 to $8.60. The Company also raised its full-year 2022 cash flow from operations guidance range to $13.5 billion to $14.5 billion from $12.5 billion to $13.5 billion.
Medical membership as of September 30, 2022 of 24.3 million decreased 145,000 members compared with June 30, 2022。
CVS HEALTH CORPORATION Condensed Consolidated Statements of Operations
About CVS Health Corp. (NYSE:CVS)
CVS Health is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.