CVS Health Q2 Earnings: Flat Revenue Growth Ahead
CVS Health (NYSE: CVS) is set to release its Q2 earnings report on Wednesday before the bell. The diversified healthcare company beat analysts' revenue expectations last quarter, reporting revenues of $100.4 billion, up 6.2% year on year.
This time around, market expectations are for flat year-on-year revenue growth, a slowdown from the 8.4% increase in Q2 last year. Analysts covering CVS Health have reconfirmed their estimates over the last 30 days, indicating they anticipate the company will maintain its pace.
CVS Health rarely misses Wall Street's revenue estimates. A look at its peers in the health insurance providers segment shows that some have already reported their Q2 results. Centene delivered year-on-year revenue growth of 9.9%, beating analysts' expectations by 13.1%. UnitedHealth reported flat revenue, topping estimates by 1.2%.