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UnitedHealth Group (UNH) Q3 Earnings and Revenues Top Estimates
UNHUnitedHealth(UNH) ZACKS·2024-10-15 12:06

Earnings Performance - UnitedHealth Group reported quarterly earnings of 715pershare,beatingtheZacksConsensusEstimateof7 15 per share, beating the Zacks Consensus Estimate of 7 02 per share, representing a 1 85% earnings surprise [1] - The company's earnings increased from 656pershareayearago,withadjustedfiguresfornon−recurringitems[1]−Overthelastfourquarters,thecompanyhasconsistentlysurpassedconsensusEPSestimates[1]RevenueGrowth−UnitedHealthpostedrevenuesof6 56 per share a year ago, with adjusted figures for non-recurring items [1] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates [1] Revenue Growth - UnitedHealth posted revenues of 100 82 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1 31% [1] - This represents an increase from year-ago revenues of 9236billion[1]−Thecompanyhastoppedconsensusrevenueestimatesineachofthelastfourquarters[1]StockPerformance−UnitedHealthshareshavegainedapproximately1592 36 billion [1] - The company has topped consensus revenue estimates in each of the last four quarters [1] Stock Performance - UnitedHealth shares have gained approximately 15% since the beginning of the year, underperforming the S&P 500's gain of 22 9% [2] - The stock's immediate price movement will depend on management's commentary during the earnings call [2] Earnings Outlook - The current consensus EPS estimate for the coming quarter is 6 92 on 10167billioninrevenues[4]−Forthecurrentfiscalyear,theconsensusEPSestimateis101 67 billion in revenues [4] - For the current fiscal year, the consensus EPS estimate is 27 68 on 39971billioninrevenues[4]−TheestimaterevisionstrendforUnitedHealthwasunfavorableaheadoftheearningsrelease,resultinginaZacksRank4(Sell)[4]IndustryContext−TheMedical−HMOsindustry,towhichUnitedHealthbelongs,iscurrentlyinthebottom6399 71 billion in revenues [4] - The estimate revisions trend for UnitedHealth was unfavorable ahead of the earnings release, resulting in a Zacks Rank 4 (Sell) [4] Industry Context - The Medical - HMOs industry, to which UnitedHealth belongs, is currently in the bottom 6% of the Zacks industries [5] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [5] - The Joint Corp, another company in the same industry, is expected to report quarterly earnings of 0 04 per share, representing a year-over-year change of +180% [5]