BUZZ-PREVIEW: UnitedHealth Group seen posting Q2 earnings growth of 19.9%
UnitedHealth Group Incorporated UNH | 0.00 | |
Dow Jones Industrial Average DJI | 0.00 |
** 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
