UnitedHealth Group (UNH) Boasts Earnings & Price Momentum: Should You Buy?
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Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
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Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: UnitedHealth Group (UNH)
UnitedHealth Group, Inc. provides a wide range of health care products and services, such as health maintenance organizations (HMOs), point of service plans (POS), preferred provider organizations (PPOs), and managed fee-for-service programs.
On June 22, 2015, UNH was added to the Focus List at $120.33 per share. Shares have increased 242.33% to $411.92 since then, and the company is a #3 (Hold) on the Zacks Rank.
10 analysts revised their earnings estimate higher in the last 60 days for fiscal 2021, while the Zacks Consensus Estimate has increased $0.44 to $18.61. UNH also boasts an average earnings surprise of 20.2%.
Moreover, analysts are expecting UNH's earnings to grow 10.3% for the current fiscal year.
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UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.