Q: What is UnitedHealth 2024/Q1 Earnings Preview?
TigerGPT Answer: 【Forecast Data】
For UnitedHealth Group Inc. (UNH) this quarter:
- Earnings Per Share (EPS) is forecasted to be $6.62.
- Total Revenue is estimated at $99,290,316,190.
- EBIT is projected to be $8,620,979,560.
Compared to the same period last year:
- EPS has increased by 5.75% from $6.26.
- Total Revenue has grown by 8.01% from $91,931,000,000.
- EBIT has risen by 1.77% from $8,474,000,000.
The significance of these changes indicates a positive growth trajectory for the company, with a solid increase in revenue and a moderate rise in profitability.
【Quarterly Important News】
Key news over the past quarter includes:
- UnitedHealth's financial performance showed a 14.64% year-over-year increase in total revenue and an 11.24% increase in net profit as of December 31, 2023.
- Wells Fargo downgraded the target price to $525 but maintained an Overweight rating.
- HSBC upgraded UNH to Hold.
- Argus Investors Counsel Inc. raised its holdings in UNH.
These developments suggest a mixed but generally positive outlook, with financial growth recognized by investors and analysts, despite some target price adjustments.
【Forecast Viewpoints】
Viewpoints from relevant articles include:
- A predicted rise in quarterly revenue for the upcoming report.
- Expectations of a year-over-year increase in earnings and revenue.
- Analysts have revised EPS estimates slightly downward over the past 30 days.
References:
- UnitedHealth Group Inc expected to post earnings of $6.62 a share - Earnings Preview
- US Quarterly Earnings to Feature Big Growth in Tech-Related Companies
- Seeking Clues to UnitedHealth (UNH) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
- UnitedHealth Group (UNH) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
【Stock Trend Analysis】
- The stock price of UNH has decreased by 6.03% from December 31, 2023, to March 30, 2024.
- The latest stock price as of April 13, 2024, is $439.52.
- The support level as of April 11, 2024, is $489.48.
- Analysts have a range of target prices with a mean of $577.44, suggesting potential upside.
【Options Large Order Analysis】
The options market shows large sell orders for put options at strike prices of $500 and $510, indicating that option traders might be expecting the stock to stay above these levels, suggesting a bullish sentiment.
【Analyst Ratings and Target Price Forecast】
With 9 recommendations, 16 buys, and 3 holds, analysts seem to have a positive outlook on UNH. The mean target price suggests the stock is currently undervalued. If the financial report aligns with or exceeds analyst expectations, the stock could see an upward movement.
【Comprehensive Conclusion】
UnitedHealth Group Inc. is showing signs of positive financial growth with increased EPS, revenue, and EBIT. The stock price has seen a recent decline, but analyst target prices and options market activity suggest a potential rebound. The financial report is likely to reflect continued growth, and if it meets or exceeds expectations, the stock could experience positive momentum.
Disclaimer: The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
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