UnitedHealth Group seen posting Q2 earnings growth of 19.9%
UNH•UnitedHealth expected to report earnings growth on stable revenue
UnitedHealth Group UNH.N stock dips 1.1% Wednesday ahead of Q2 earnings due before the opening bell on Thursday.
The health insurer is expected to post adjusted EPS of $4.89, a year-over-year increase of 19.9%, on revenue of $110.84 billion, compared with year-ago quarter's $111.62 billion revenue, according to LSEG data.
UNH has met or beaten EPS estimate in six of the past eight quarters, per LSEG.
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, 5 recommend "hold" and 1 "strong sell," according to LSEG.
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 versus a 9.6% rise in Dow Industrials .DJI over the 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 average move of 9.7% on the day of results over the last eight quarters, per Trade Alert.
