UnitedHealth Group Full Year 2023 Earnings: In Line With Expectations

UnitedHealth Group Incorporated -1.74%

UnitedHealth Group Incorporated

UNH

462.19

-1.74%

UnitedHealth Group (NYSE:UNH) Full Year 2023 Results

Key Financial Results

  • Revenue: US$371.6b (up 15% from FY 2022).
  • Net income: US$22.4b (up 11% from FY 2022).
  • Profit margin: 6.0% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses.
  • EPS: US$24.12 (up from US$21.47 in FY 2022).
earnings-and-revenue-growth
NYSE:UNH Earnings and Revenue Growth March 3rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

UnitedHealth Group Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are down 7.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - UnitedHealth Group has 1 warning sign we think you should be aware of.

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