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Here's What Key Metrics Tell Us About UnitedHealth (UNH) Q1 Earnings
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For the quarter ended March 2024, UnitedHealth Group (UNH - Free Report) reported revenue of $99.8 billion, up 8.6% over the same period last year. EPS came in at $6.91, compared to $6.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $99.25 billion, representing a surprise of +0.55%. The company delivered an EPS surprise of +4.22%, with the consensus EPS estimate being $6.63.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how UnitedHealth performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Statistics - Medical Care Ratio: 84.3% compared to the 83.8% average estimate based on nine analysts.
Customers - UnitedHealthcare - Total Commercial: 29,415 thousand versus 28,526.28 thousand estimated by six analysts on average.
Customers - UnitedHealthcare - Commercial- Risk-based: 8,545 thousand versus the six-analyst average estimate of 8,304.04 thousand.
Customers - UnitedHealthcare - Commercial- Fee-based: 20,870 thousand versus the six-analyst average estimate of 20,188.91 thousand.
Revenues- Investment and other income: $1.01 billion versus $1 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +26.7% change.
Revenues- Products: $11.91 billion versus $11.12 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
Revenues- Services: $8.89 billion compared to the $8.89 billion average estimate based on nine analysts. The reported number represents a change of +10% year over year.
Revenues- Premiums: $77.99 billion versus $78.44 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
Revenues- Optum Insight: $4.50 billion versus the seven-analyst average estimate of $5.03 billion. The reported number represents a year-over-year change of +0.1%.
Revenues- Optum Rx: $30.84 billion versus the seven-analyst average estimate of $29.87 billion. The reported number represents a year-over-year change of +12.5%.
Revenues- Optum Health: $26.73 billion versus the seven-analyst average estimate of $26.30 billion. The reported number represents a year-over-year change of +16.2%.
Revenues- UnitedHealthcare: $75.36 billion versus the seven-analyst average estimate of $75.47 billion. The reported number represents a year-over-year change of +6.9%.
Shares of UnitedHealth have returned -8.5% over the past month versus the Zacks S&P 500 composite's -0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About UnitedHealth (UNH) Q1 Earnings
For the quarter ended March 2024, UnitedHealth Group (UNH - Free Report) reported revenue of $99.8 billion, up 8.6% over the same period last year. EPS came in at $6.91, compared to $6.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $99.25 billion, representing a surprise of +0.55%. The company delivered an EPS surprise of +4.22%, with the consensus EPS estimate being $6.63.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how UnitedHealth performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Statistics - Medical Care Ratio: 84.3% compared to the 83.8% average estimate based on nine analysts.
- Customers - UnitedHealthcare - Total Commercial: 29,415 thousand versus 28,526.28 thousand estimated by six analysts on average.
- Customers - UnitedHealthcare - Commercial- Risk-based: 8,545 thousand versus the six-analyst average estimate of 8,304.04 thousand.
- Customers - UnitedHealthcare - Commercial- Fee-based: 20,870 thousand versus the six-analyst average estimate of 20,188.91 thousand.
- Revenues- Investment and other income: $1.01 billion versus $1 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +26.7% change.
- Revenues- Products: $11.91 billion versus $11.12 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
- Revenues- Services: $8.89 billion compared to the $8.89 billion average estimate based on nine analysts. The reported number represents a change of +10% year over year.
- Revenues- Premiums: $77.99 billion versus $78.44 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
- Revenues- Optum Insight: $4.50 billion versus the seven-analyst average estimate of $5.03 billion. The reported number represents a year-over-year change of +0.1%.
- Revenues- Optum Rx: $30.84 billion versus the seven-analyst average estimate of $29.87 billion. The reported number represents a year-over-year change of +12.5%.
- Revenues- Optum Health: $26.73 billion versus the seven-analyst average estimate of $26.30 billion. The reported number represents a year-over-year change of +16.2%.
- Revenues- UnitedHealthcare: $75.36 billion versus the seven-analyst average estimate of $75.47 billion. The reported number represents a year-over-year change of +6.9%.
View all Key Company Metrics for UnitedHealth here>>>Shares of UnitedHealth have returned -8.5% over the past month versus the Zacks S&P 500 composite's -0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.