CVS Health to Hold Fourth Quarter and Full Year 2024 Earnings Conference Call
Monday, Jan 13, 2025 9:07 am ET
4min read CVS Health Corporation (NYSE: CVS), a leading healthcare services provider, is set to hold its fourth quarter and full year 2024 earnings conference call on January 13, 2025. The call, scheduled for 8:30 AM ET, will provide investors and analysts with an update on the company's financial performance and strategic initiatives for the upcoming year.
CVS Health, which operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments, has seen strong growth in recent quarters. In the fourth quarter of 2023, the company reported a 12% increase in revenue to nearly $94 billion, driven by robust performance in its pharmacy and consumer wellness and pharmacy services businesses, as well as growth across all product lines in the healthcare benefits segment. Adjusted operating income reached $4.2 billion, and adjusted earnings per share (EPS) were reported at $2.12, marking a 4% growth compared to the previous year.
Looking ahead to 2024, CVS Health has revised its full-year guidance, projecting an adjusted EPS of at least $8.30 and a cash flow from operations of at least $12 billion. The company is expected to add at least 800,000 new Medicare Advantage members in 2024, with a neutral earnings impact. CVS Health is committed to returning Medicare Advantage margins to 4-5% by 2025.
During the earnings call, CVS Health is expected to discuss its strategic initiatives for 2025 and beyond. The company has mentioned plans to improve its Medicare Advantage (MA) business in 2025, which could involve losing up to 10% of its MA customers but will help improve margins and efficiency. Additionally, CVS Health's long-term strategy involves creating an ecosystem that includes health insurance, primary care, a new division for biosimilar drugs, and its pharmacy chain. The company aims to hold patients' hands through their care journey by offering much of what they need in-house, which will be beneficial in the long run due to factors such as an aging population.
Investors and analysts will be closely watching CVS Health's earnings call to gain insights into the company's financial performance, strategic initiatives, and outlook for the coming year. The call is expected to provide valuable information on the company's growth prospects and its ability to execute on its strategic plans.
In conclusion, CVS Health's fourth quarter and full year 2024 earnings conference call is an important event for investors and analysts, as it will provide an update on the company's financial performance and strategic initiatives for the upcoming year. The call is expected to provide valuable insights into the company's growth prospects and its ability to execute on its strategic plans.
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