BUZZ-PREVIEW: UnitedHealth Group seen posting Q2 earnings growth of 19.9%
UNH•Analyst sentiment and recent share performance
On April 21, the company 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, five recommend "hold" and one has a "strong sell" rating, according to LSEG.
The median price target of $440.0 is up 26.9% from three months ago.
Including Wednesday's move, UNH shares have surged over 27% year to date, compared with a 9.6% rise in the Dow Industrials over the same period.
UNH options imply a 5.8% swing for the shares in either direction by Friday, according to Trade Alert data, which is lower than the stock's average move of 9.7% on results days over the last eight quarters.
UnitedHealth expected to report higher Q2 earnings
UnitedHealth Group stock dipped 1.1% on Wednesday ahead of second-quarter earnings due before the opening bell on Thursday.
The health insurer is expected to post adjusted earnings per share of $4.89, a year-over-year increase of 19.9%, on revenue of $110.84 billion, compared with $111.62 billion in the year-ago quarter, according to LSEG data.
