Analyst Forecast
UnitedHealth Group (NYSE:UNH) reported Q1 2023 adjusted earnings of $6.26 per diluted share, up from $5.49 per share a year earlier.
Analysts polled by Capital IQ expected adjusted EPS of $6.08.
Revenue for the quarter ended March 31 was $91.93 billion, up from $80.15 billion a year ago. Analysts surveyed by Capital IQ expected $89.78 billion.
The company said it expects 2023 adjusted EPS of $24.50 to $25. Analysts polled by Capital IQ are projecting adjusted EPS of $24.93.
Financian
Revenues of $91.9 Billion, Grew 15% Year-Over-Year
Earnings from Operations Grew 16%
Cash Flows from Operations were $16.3 Billion; Adjusted Cash Flows from Operations were $5.1 Billion
Earnings were $5.95 Per Share, Adjusted Earnings $6.26 Per Share
Earnings Guidance
The company increased its full year net earnings outlook to $23.25 to $23.75 per share and adjusted net earnings to $24.50 to $25.00 per share.
Share Repurchase
The company returned $3.5 billion to shareholders in the first quarter through dividends and share repurchases.
Cash Dividend
CEO
“Our strong, enterprise-wide growth this quarter is a direct result of our colleagues’ unwavering commitment to offering more health services to more people and connecting consumers with greater access to high-quality, affordable care,” said Andrew Witty, chief executive officer of UnitedHealth Group.
About UnitedHealth Group (NYSE:UNH)
UnitedHealth Group (NYSE: UNH) is a health care and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone through two distinct and complementary businesses. Optum delivers care aided by technology and data, empowering people, partners and providers with the guidance and tools they need to achieve better health. UnitedHealthcare offers a full range of health benefits, enabling affordable coverage, simplifying the health care experience and delivering access to high-quality care. Visit UnitedHealth Group at www.unitedhealthgroup.com and follow @UnitedHealthGrp on Twitter.