Shares of UnitedHealth Group (NYSE: UNH) gained in pre-market trading on Friday after the managed healthcare company reported adjusted earnings of $6.26 per share versus $5.49 in the same period a year ago and beating analysts’ forecasts of $6.16 per share.
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Sales increased grew 15% year-over-year to $91.9 billion beating analysts’ expectations of $89.7 billion.
Looking forward, management raised its FY23 earnings outlook and now expects adjusted net earnings in the range of $24.50 to $25.00 per share from prior guidance between $24.40 and $24.90 versus the consensus estimate of $24.93.
Overall, Wall Street analysts are bullish about UNH stock with a Strong Buy consensus rating based on eight Buys and one Hold.