BUZZ-PREVIEW: UnitedHealth Group seen posting Q2 earnings growth of 19.9%

UnitedHealth Group Incorporated
Dow Jones Industrial Average

UnitedHealth Group Incorporated

UNH

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Dow Jones Industrial Average

DJI

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** UnitedHealth Group UNH.N stock dips 1.1% Wednesday ahead of Q2 earnings due before the opening bell on Thurs

** The health insurer is expected to post adj. EPS of $4.89, a y/y increase of 19.9%, on revenue of $110.84 bln, compared with year-ago qtr's $111.62 bln rev, according to LSEG data

** UNH has met or beaten EPS estimate in six of past eight quarters, per LSEG

** On April 21, co raised its annual profit forecast and beat quarterly expectations amid turnaround efforts

** Of the 30 analysts who cover UNH, 24 have "strong buy" or "buy" ratings, 5 recommend "hold" and 1 "strong sell," (LSEG)

** Median price target of $440.0 is up 26.9% from three months ago

** Including Wed's move, UNH shares have surged over 27% YTD vs 9.6% rise in Dow Industrials .DJI over same time frame

** UNH options imply a 5.8% swing for the shares, in either direction by Friday, per Trade Alert data; that is lower than the stock's avg move of 9.7%, on the day of results over the last eight qtrs, per Trade Alert