Why UnitedHealth Stock Flopped on Friday
While investors love when one of their companies beats analyst estimates, it's not always the case that its stock rises in reaction. That was the case Friday with big health insurance company (NYSE: UNH), whose share price closed more than 3% lower following the release of its latest quarterly results. That contrasted poorly with the S 500 index, which rose marginally on the day.
For its final quarter of 2023, UnitedHealth booked revenue of $94.4 billion, 14% higher than in the same period of 2022. Non-GAAP (adjusted) net income also rose at nearly the same rate to land at just under $5.8 billion. On a per-share basis, the latter line item shook out to $6.16 per share.
Both results topped analyst expectations. On average, prognosticators tracking the stock were modeling slightly over $91.9 billion on the top line, and $5.99 per share for adjusted earnings.
Source Fool.com
UnitedHealth Group Inc. Aktie
Überwältigendes Buy-Interesse bei UnitedHealth Group Inc., mit einer hohen Anzahl von Buy- und wenigen Sell-Einschätzungen.
Die Community prognostiziert für UnitedHealth Group Inc. ein Kursziel von 368 €, was einen leichten Anstieg gegenüber 351.0 € darstellt.
