UnitedHealth Group Incorporated Reports Strong Q2 Results, Shares Up 5 percent

UnitedHealth Group Incorporated (NYSE:UNH) shares rose more than 5% on Friday following the company’s Q2 results, with EPS of $5.57 coming in better than the Street estimate of $5.21. Revenue was $80.3 billion, compared to the Street estimate of $79.68 billion. Overall, the strong results highlight the company’s positioning despite an unpredictable and volatile economic backdrop. Due to the beat, the company raised its full 2022-year guidance to $21.40–21.90 from $21.20–21.70.
Analysts at Oppenheimer raised their 2022/2023/2024 EPS estimates to $21.88/$24.80/$28.03 from $21.68/$24.54/$27.84 following the results. The analysts also increased their price target on the company’s shares to $610 from $600, while reiterating their outperform rating.

Follow us on Google news for more updates and News

Full Disclaimer



Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.