earnings
confidence high
sentiment neutral
materiality 0.50
CVS reaffirms FY2022 Adj. EPS guidance at high end; FY2023 Adj. EPS $8.70-$8.90
CVS HEALTH Corp
2022-FY EPS reported
$3.14
revenue$322,467,000,000
- Reaffirmed FY2022 Adj. EPS guidance $8.55-$8.65; expects high end on lower share count.
- Expects to exceed FY2022 revenue guidance of $309B-$314B.
- Reaffirmed FY2023 Adj. EPS guidance $8.70-$8.90, excluding Signify Health acquisition.
- Repurchased ~15M shares in Q4 2022 at avg $99.99; entered $2B ASR effective Jan 3, 2023.
- MA membership growth low-to-mid-single digit % in 2023; individual MA below expectations, exchange memberships >750k.