Within the newest buying and selling session, UnitedHealth Group (UNH – Free Report) closed at $336.34, marking a -0.47% transfer from the day prior to this. This alteration lagged the S&P 500’s 0.46% loss on the day. In the meantime, the Dow misplaced 0.91%, and the Nasdaq, a tech-heavy index, misplaced 0.06%.
Coming into right this moment, shares of the most important U.S. well being insurer had gained 11.28% previously month. In that very same time, the Medical sector gained 4.72%, whereas the S&P 500 gained 7.53%.
Traders will probably be hoping for power from UNH because it approaches its subsequent earnings launch. In that report, analysts anticipate UNH to publish earnings of $2.44 per share. This may mark a year-over-year decline of 37.44%. In the meantime, the Zacks Consensus Estimate for income is projecting internet gross sales of $65.28 billion, up 7.19% from the year-ago interval.
For the total yr, our Zacks Consensus Estimates are projecting earnings of $16.78 per share and income of $256.74 billion, which might signify modifications of +11.05% and +6.02%, respectively, from the prior yr.
Any current modifications to analyst estimates for UNH must also be famous by traders. These revisions sometimes mirror the newest short-term enterprise traits, which might change steadily. With this in thoughts, we will take into account optimistic estimate revisions an indication of optimism in regards to the firm’s enterprise outlook.
Our analysis exhibits that these estimate modifications are immediately correlated with near-term stock costs. To profit from this, we now have developed the Zacks Rank, a proprietary model which takes these estimate modifications into consideration and gives an actionable score system.
The Zacks Rank system ranges from #1 (Robust Purchase) to #5 (Robust Promote). It has a exceptional, outside-audited observe report of success, with #1 stocks delivering a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 0.04% decrease. UNH is at present sporting a Zacks Rank of #3 (Maintain).
When it comes to valuation, UNH is at present buying and selling at a Ahead P/E ratio of 20.14. Its trade sports activities a median Ahead P/E of 16.48, so we one would possibly conclude that UNH is buying and selling at a premium comparatively.
Additionally it is worth noting that UNH at present has a PEG ratio of 1.59. This metric is used equally to the well-known P/E ratio, however the PEG ratio additionally takes into consideration the stock’s anticipated earnings development charge. UNH‘s trade had a median PEG ratio of 1.32 as of yesterday’s shut.
The Medical – HMOs trade is a part of the Medical sector. This group has a Zacks Trade Rank of 189, placing it within the backside 26% of all 250+ industries.
The Zacks Trade Rank gauges the power of our particular person trade teams by measuring the common Zacks Rank of the person stocks throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Make sure to comply with all of those stock-moving metrics, and lots of extra, on Zacks.com.