5 Notable Earnings Reports to Watch

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 95

UnitedHealth Group Incorporated (NYSE:UNH) is the biggest healthcare insurer in the U.S. in terms of market capitalization. The company recently came into the spotlight after announcing solid profit and sales for the fourth quarter.

The company reported adjusted earnings of $4.48 per share for the three months ended December 31, 2021, significantly higher than $2.52 in the comparable period of 2020. In addition, UnitedHealth Group Incorporated (NYSE:UNH) posted revenue of $73.74 billion, translating to a year-over-year basis surge of 12.6 percent.

Analysts were expecting UnitedHealth Group Incorporated (NYSE:UNH) to report earnings of $4.30 per share on revenue of $72.98 billion. UnitedHealth shares rose for two consecutive trading sessions following the latest quarterly performance.

The Minnesota-based health insurer also announced its financial outlook for 2022. UnitedHealth Group Incorporated (NYSE:UNH) expects adjusted earnings in the range of $21.10 – $21.60 per share, compared to expectations of $21.63.

In addition, revenue for the full year is expected to come between $317 billion – $320 billion, in line with analysts’ average estimate of $316.8 billion.

Speaking on the results, CEO Andrew Witty said:

“Our strong 2021 performance and confident growth outlook for 2022 and beyond reflect the accelerating innovation and expanding capabilities across Optum and UnitedHealthcare.”

You can also take a peek at 10 Best Global Stocks To Buy Now and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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