UnitedHealth's Q4 Profit Report Leads to Stock Drop
UnitedHealth Group's earnings report revealed higher-than-expected medical costs in the fourth quarter of 2023, leading to a selloff in managed care stocks.
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"UnitedHealth Group Inc. Anticipates Positive Q4 Earnings Amid Market Outperformance"
UnitedHealth Group (UNH) is set to kick off the fourth-quarter earnings season for the managed care group, with analysts expecting fourth-quarter earnings per share of $5.98 and revenue growth of 11% to $92.1 billion. The company's track record of reliable double-digit earnings growth and its strategic focus on value-based care have positioned UNH stock for potential growth, despite its recent sideways movement in the market. With its managed-care division serving 52 million consumers and its Optum services unit boasting about 130,000 physicians and clinicians, UnitedHealth's breadth and depth in the healthcare industry remain unmatched, making it a key player to watch in the coming quarters.