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UnitedHealth Group (NYSE:UNH) is expected to report higher Q3 earnings Friday, with investors watching to see if rising costs are negatively impacting margins.
The Minnesota-based health insurance company is scheduled to release its earnings report before market open.
Last quarter, UnitedHealth’s results topped consensus estimates on both the top and bottom lines, with non-GAAP EPS of $6.14 beating consensus by $0.16 and revenue of $92.9B beating by $1.94B.
The health insurance giant also said that Q2 net margins slid to 5.9% from 6.3% in the prior year’s quarter due to its medical care and operating cost ratios falling short of expectations.
For Q3 2023, UnitedHealth is expected to post non-GAAP EPS of $6.35, compared with $5.79 for the year prior. Revenue is anticipated come in at $91.41B, up from last year’s $80.89B.
UnitedHealth has managed to top Street estimates for four consecutive quarters. Over the past two years, it’s beat the Street eight times on non-GAAP EPS and seven times on revenue.
Image and article originally from seekingalpha.com. Read the original article here.