UNH - Analysts Raises Forecasts On UnitedHealth On Controlled Growth Strategy After Cyber Hack | Benzinga
On Tuesday, UnitedHealth Group (NYSE:UNH) reported better-than-expected revenue and earnings in the first quarter as it still deals with the cyberattack on its subsidiary Change Healthcare in February this year.
The company reported adjusted EPS of $6.91, up from $6.26 a year ago, beating the consensus of $6.62.
UnitedHealth’s revenues increased nearly $8 billion to $99.8 billion, beating the consensus of $99.3 billion.
UnitedHealth maintained its adjusted EPS guidance of $27.50-$28.00.
Piper Sandler writes that UnitedHealth begins 2024 cautiously after a tough 2023, focusing on controlled growth, well-designed benefits, careful healthcare delivery, and efficient documentation.
Despite missing the medical cost ratio target attributed to changes, underlying medical costs ...