These 5 Companies Upped Guidance Despite Global Economic Headwinds

1. UnitedHealth Group Incorporated (NYSE:UNH)

Market Cap as of July 21: $482.483 billion

UnitedHealth Group Incorporated (NYSE:UNH) is an American multinational diversified healthcare and insurance company. In 2022, the company ranks 5th on the Fortune 500 list.

For the second quarter of 2022, UnitedHealth Group Incorporated (NYSE:UNH) reported an EPS of $5.57, exceeding the estimates by 36 cents and beating the revenue estimates of $79.68 billion by $652.11 million. Moreover, the company’s revenue rose by 12.6% on a YoY basis. The main growth driver for the company was its Optum sector which showed an 18% YoY growth to $45.1 billion.

UnitedHealth Group Incorporated (NYSE:UNH) raised its adjusted earnings guidance for the full-year 2022. The company expects an EPS of $21.40 to $21.90, which was previously expected to be $21.20 to $21.70.

Baron Funds mentioned UnitedHealth Group Incorporated (NYSE:UNH) in its Q1 2022 investor letter. Here is what it said:

“UnitedHealth Group Incorporated is a leading diversified health and well- being company whose divisions include insurance arm UnitedHealthcare and Optum, which offers care delivery and other services. Shares increased on a fourth quarter beat and a reaffirmation of what is likely conservative guidance for 2022. We believe UnitedHealth leads the healthcare industry in innovation and execution, as evidenced by its strong value proposition leading to Medicare Advantage share gains, strong cost controls, and its leadership position in the shift to value-based care.”

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