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Woonsocket, Rhode Island-based CVS Health Corporation (CVS) offers pharmacy benefit management services, mail order, retail and specialty pharmacy, disease management programs, and retail clinics. With a market cap of $73 billion, it operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. The healthcare giant is expected to release its Q3 earnings before the market opens on Wednesday, Nov. 6.
Ahead of the event, analysts expect CVS Health to report a profit of $1.70 per share, down 23.1% from $2.21 per share reported in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on another occasion. Its adjusted EPS for the last reported quarter declined 17.2% year-over-year to $1.83 but exceeded the consensus estimates by 5.2%.