CVS Health: Core trends ‘very consistent’ with 2023

Thomas Crowley, the CFO of CVS Health, at the BofA Securities Health Conference, said that the company talked about 55%-60% of earnings occurring in the back half of 2024, and “as I look at consensus, it is at the bottom end of that range.” Crowley said he would “think about something in the middle.” Consensus is $7.00. The CFO said CVS had some “timing issues” in the first quarter, and as the company thinks about the progression of earnings, “the slope is maybe a little different than what you might have assumed,” but that core trends in 2024 are very consistent with what was seen in 2023.