UnitedHealth Group (UNH) reported quarterly earnings of $6.14 per share for the period ending June 2023, surpassing the Zacks Consensus Estimate of $5.92 and up from $5.57 per share a year earlier. The company also posted revenues of $92.9 billion, exceeding expectations by 2.54% and reflecting a year-over-year increase from $80.33 billion.
This quarterly earnings surprise of 3.72% continues a trend of outpacing consensus estimates, with the company having done so for each of the last four quarters. Despite this strong performance, UnitedHealth shares have declined approximately 15.6% year-to-date, while the S&P 500 has increased by 17.5%. Looking forward, the consensus EPS estimate for the upcoming quarter is $6.46, with anticipated revenues of $90.64 billion.
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