UnitedHealth Group Inc. UNH, -0.47% said Tuesday it now expects full-year revenue of about $257 billion, yielding per-share earnings of about $15.90 and adjusted EPS of $16.75. The FactSet consensus is for EPS of $16.73 and revenue of $256.7 billion. The company offered the updated guidance in a statement ahead of an analyst day. It also set guidance for 2021 for revenue to range from $277 billion to $280 billion and adjusted EPS to range from $17.75 to $18.25. Those numbers include a $1.80 per share hit from continuing COVID-19 effects, such treatment and testing costs, the impact of people deferring care into 2021 and other factors. The FactSet consensus is for EPS of $18.39 and revenue of $278.5 billion. Shares were up 0.5% premarket and have gained 14.4% in the year to date, while the S&P 500 SPX, -0.46% has gained 12% and the Dow Jones Industrial Average DJIA, -0.90% has gained 3.9%.
https://www.marketwatch.com/story/unitedhealth-sets-guidance-for-2021-that-includes-a-180-per-share-hit-from-covid-19-effects-2020-12-01
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.