UnitedHealth Falls 2.1% as Investors Look Toward October Results
The shares lagged major indexes, while analysts expect higher quarterly earnings and a slight decline in revenue.
UnitedHealth Group shares fell 2.1% to $367.08 in the latest session, underperforming the S&P 500, which lost 0.25%. At 20:00 UTC, the shares were at that same price, according to the latest market data.
The Dow declined 0.86%, while the Nasdaq gained 0.24%. Over the past month, UnitedHealth shares had lost 5.39%, compared with declines of 1.01% for the Medical sector and 0.42% for the S&P 500.
UnitedHealth is scheduled to report earnings on October 13. Zacks consensus estimates call for earnings of $4.12 per share, up 41.1% from the year-earlier quarter. Revenue is forecast at $111.38 billion, down 1.57%.
For the full year, analysts expect earnings of $19.85 per share and revenue of $446.78 billion, according to Zacks consensus estimates. Those figures represent projected changes of 21.41% and negative 0.18%, respectively, from last year.
This article was produced with the help of AI technology.
Source: Yahoo Finance
