Key TakeawaysUnitedHealth Group shares surged more than 6% on Tuesday after the health insurance giant topped Wall Street’s quarterly earnings estimates and maintained its full-year profit outlook.The share price staged a decisive close above the 50-week moving average but remains within a multi-year trading range.The measuring principle, which calculates the distance between the range’s upper and lower trendlines and adds that amount to the top trendline, forecasts a profit target of $651.UnitedHealth shar ...

UnitedHealth Group TodayUNHUnitedHealth Group$548.87 +33.50 (+6.50%) 52-Week Range$436.38▼$554.70Dividend Yield1.53%P/E Ratio33.55Price Target$581.44Add to WatchlistUnitedHealth Group NYSE: UNH has headwinds, but its healthcare business and operational quality offset them, setting the stock to hit new all-time highs. The primary culprit is the recent cyber attacks, which shut down a significant portion of its network and cost more than previously estimated. The takeaway from the Q2 report is that the underl ...

The company notched an inspiring net income beat in its latest quarter.A convincing bottom-line beat helped increase the share price of big health insurer UnitedHealth Group (UNH 6.50%) on Tuesday. Investors liked what they saw with the company's second-quarter results, and rewarded it by pushing the stock nearly 7% higher in value across the day. That compared very favorably to the S&P 500 index, which inched up by less than 1%.Top- and bottom-line increasesIn the quarter, UnitedHealth booked revenue of $9 ...

UnitedHealth Group Incorporated ((UNH) has an Earnings ESP of +3.32% and carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Amphastar Pharmaceuticals’ bottom line for the to-be-reported quarter indicates 20% year-over-year growth. AMPH beat earnings estimates in each of the past four quarters, the average surprise being 28.6%.Encompass Health Corporation (EHC) has an Earnings ESP of +0.36% and carries a Zacks Rank ...

UnitedHealth Group (UNH) reported $98.86 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.4%. EPS of $6.80 for the same period compares to $6.14 a year ago.The reported revenue represents a surprise of +0.15% over the Zacks Consensus Estimate of $98.71 billion. With the consensus EPS estimate being $6.65, the EPS surprise was +2.26%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

Core Insights - UnitedHealth Group reported Q2 2024 earnings with revenues of $98.9 billion, a year-on-year increase of approximately 6.5% [2] - The company’s share price rose over 5% following the earnings announcement, nearing its all-time high [2] - Adjusted earnings from operations were $8.7 billion, reflecting a 100 basis point improvement in net margin year-on-year [2] Financial Performance - Revenues for the quarter were just shy of $100 billion, with a GAAP basis revenue of $98.9 billion [2] - Earnings from operations on a GAAP basis were reported at $7.9 billion, down from $8.1 billion in Q2 2023 [2] - Cash flows from operations were $6.7 billion, representing 1.5 times net income [2] Cyberattack Impact - A cyberattack on Change Healthcare cost the company approximately $1.1 billion, with an estimated impact of $1.90 to $2.05 per share for the full year [4][5] - The attack led to a significant data breach affecting over 30% of Americans, raising concerns about security practices [4] - Management provided over $9 billion in loans and advance payments to support providers affected by the attack [4] South America Operations - UnitedHealth completed the sale of its larger Brazilian operations and plans to exit the South American market entirely [4] - The South American operations had a total impact of $1.28 per share, primarily due to foreign currency losses [4] - Management indicated that these impacts are considered one-off events and should not affect long-term outlook [4] Medicare Advantage Business - Medicare Advantage remains a key growth driver, with the company administering approximately 7.7 million plans [5] - The gross margins for Medicare Advantage plans are reported to be twice that of ordinary plans, presenting a significant opportunity [5] - The company added 10,000 Medicare Advantage members in Q2, with a total of 7.77 million members [6] Future Guidance - Guidance for 2024 net earnings was updated to a range of $15.95 to $16.4 per share, with adjusted earnings projected at $27.5 to $28 per share [2] - Management aims for a long-term growth target of 13-16%, although 2024 adjusted EPS guidance falls short of this target [4][5] - The company plans to recommence share buyback programs, indicating confidence in future performance [4][7] Market Outlook - Wall Street views UnitedHealth stock as undervalued post-earnings, with no further negative surprises anticipated [7] - The company’s performance in the Medicare Advantage sector is expected to influence its long-term growth trajectory [5][6] - UnitedHealth's debt is rated "AA-" by Standard and Poor's, reflecting a stable outlook and strong revenue growth expectations [7]

UnitedHealth Group Incorporated (NYSE:UNH) Q2 2024 Earnings Call Transcript July 16, 2024 8:45 AM ET Company Participants Andrew Witty - CEO John Rex - President and CFO Tim Noel - CEO, UnitedHealthcare Medicare & Retirement Krista Nelson - CEO, UnitedHealthcare Community & State Amar Desai - CEO, Optum Health Roger Connor - CEO, Optum Insight Brian Thompson - CEO, UnitedHealthcare Heather Cianfrocco - CEO, Optum Conference Call Participants A.J. Rice - UBS Lisa Gill - JPMorgan Josh Raskin - Nephron Researc ...

In February, UnitedHealth Group Inc.’s Change Healthcare unit suffered a far-reaching cyberattack.Per remarks by UnitedHealth’s executives on Tuesday’s (July 16) second-quarter earnings call, the impact of the Change Healthcare attack is still ongoing, with its related costs continuing to snowball to over a billion dollars to date, with expectations of the attack’s fallout on UnitedHealth’s bottom line for the full fiscal year topping $2.3 billion.Change provides technology used to submit insurance claims, ...

UnitedHealth (NYSE:UNH) stock is trending this morning on news that the insurer expects a previous cyberattack to cost more than it had previously forecast. However, the firm’s quarterly profits did come in above analysts’ average estimate. UnitedHealth also reiterated its full-year adjusted EPS guidance.UNH stock is currently up more than 4% today as investors digest the news.UNH Stock and Higher Cyberattack CostsBack in February, UnitedHealth tech division Change Healthcare was hit by a cyberattack that t ...

Key TakeawaysUnitedHealth Group's earnings exceeded forecasts as its Optum division added more patients and pharmacy customers.Profit was negatively impacted by the continuing effects of a February cyberattack against its Change Healthcare division.The company said the effect of the hack on full-year earnings would be more than previously estimated. UnitedHealth Group (UNH) shares advanced Tuesday after the big health insurance provider posted better-than-expected profit on higher revenue from its Optum hea ...