UnitedHealth Group (UNH) Dips More Than Bigger Markets: What You Need To Know
UnitedHealth Group (UNH) closed the most recent trading day at $ 387.01, or -1.38% from the previous trading session. This change is smaller than the 1.3% daily loss of the S&P 500.
Before today’s stock market, shares of the largest US health insurer had lost 7.2% in the past month. This delayed the loss of the medical sector by 6.02% and the loss of 3.58% of the S&P 500 during this period.
Investors are hopeful that UNH will strengthen as its next earnings release draws closer, which is scheduled for October 14, 2021. In this report, analysts expect UNH to post a profit of 4, $ 41 per share. This would mark year-over-year growth of 25.64%. Our most recent consensus estimate projects quarterly revenue of $ 71.5 billion, up 9.8% from the previous year.
For the full year, our Zacks consensus estimates project earnings of $ 18.74 per share and revenue of $ 285.28 billion, which would represent changes of + 11.02% and + 10.94%, respectively, over the previous year.
It’s also important to note the recent changes to analyst estimates for the UNH. These revisions help show the ever-changing nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable track record of externally verified success, with the No.1 stocks generating an average annual return of + 25% since 1988. Zacks Consensus’s EPS estimate rose 0.09% during the month latest. UNH currently sports a Zacks rank of # 2 (Buy).
In view of its valuation, UNH has a forward P / E ratio of 20.94. Its industry has an average forward P / E of 18.21, so one could conclude that UNH is trading at a comparatively premium.
Investors should also note that UNH currently has a PEG ratio of 1.58. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the expected rate of earnings growth of the company. Medical – HMO stocks have, on average, a PEG ratio of 1.14 based on yesterday’s closing prices.
The Medical Industry – HMO is part of the Medical sector. This industry currently has a Zacks Industry Rank of 113, which places it in the top 45% of all 250+ industries.
The Zacks Industry Rank includes is ranked from best to worst in terms of the average Zacks Rank of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.