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UnitedHealth Group (NYSE:UNH) is predicted to report increased Q3 earnings Friday, with traders watching to see if rising prices are negatively impacting margins.
The Minnesota-based medical insurance firm is scheduled to launch its earnings report earlier than market open.
Final quarter, UnitedHealth’s outcomes topped consensus estimates on each the highest and backside traces, with non-GAAP EPS of $6.14 beating consensus by $0.16 and income of $92.9B beating by $1.94B.
The medical insurance big additionally mentioned that Q2 internet margins slid to five.9% from 6.3% within the prior 12 months’s quarter attributable to its medical care and working price ratios falling wanting expectations.
For Q3 2023, UnitedHealth is predicted to publish non-GAAP EPS of $6.35, in contrast with $5.79 for the 12 months prior. Income is anticipated are available in at $91.41B, up from final 12 months’s $80.89B.
UnitedHealth has managed to high Road estimates for 4 consecutive quarters. Over the previous two years, it’s beat the Road eight occasions on non-GAAP EPS and 7 occasions on income.
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