What to Watch When UnitedHealth Reports Wednesday
UnitedHealth is set to report its most recent quarterly results before the markets open on Wednesday.
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UnitedHealth Group Inc. (NYSE: UNH | UNH Price Prediction) is set to report its most recent quarterly results before the markets open on Wednesday. For the first quarter, analysts are calling for $3.63 in earnings per share (EPS) and $64.33 billion in revenue. In the same period of last year, the managed health care giant said it had $3.73 in EPS and $60.31 billion in revenue.
During the latest quarter, total revenues grew $2.5 billion, or 4.1%, year over year, reflecting balanced, broad-based revenue growth across the businesses.
At that time, UnitedHealthcare revenues increased 4.2% year over year to $48.2 billion. Third-quarter 2019 earnings from operations at UnitedHealthcare grew by 16.7%, driven by revenue growth and strong cost disciplines.
Also, Optum revenues grew by 8.0% year over year to $29.8 billion, and earnings from operations advanced 11.1%.
Here’s what analysts are saying ahead of the report:
- SunTrust Banks has a Buy rating with a $340 price target.
- Barclays has a Buy rating with a $322 price target.
- Morgan Stanley has an Overweight rating with a $281 price target.
- Deutsche Bank has a Buy rating with a $308 price target.
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Excluding Tuesday’s move, UnitedHealth had outperformed the broad markets with a pullback of about 10% year to date. In the past 52 weeks, the stock was actually up 12% year to date.
UnitedHealth stock traded up about 3% on Tuesday, at $272.00 in a 52-week range of $187.72 to $306.71. The consensus price target is $318.88.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
