Shares of the managed healthcare company, UnitedHealth Group (NYSE: UNH) gained in pre-market trading at the time of writing after the company reported Q1 adjusted earnings of $6.14 per share as compared to $5.57 in the same period last year and above consensus estimates of $5.99 per share.
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The company’s revenues went up by 16% year-over-year to $92.9 billion, beating Street estimates of $90.97 billion.
Looking forward, the management raised its FY23 net earnings outlook in the range of $23.45 to $23.75 per share and adjusted net earnings are expected to be between $24.70 and $25.00 per share.
Analysts are bullish about UNH stock with a Strong Buy consensus rating based on 14 Buys and three Holds.