UnitedHealth Group (UNH) Offers FY19 and FY20 Guidance

UnitedHealth Group (NYSE: UNH) will host its annual Investor Conference with analysts and institutional investors in New York City on Tuesday, December 3, 2019, beginning at 8:00 a.m. EST. Throughout the day, the Company’s leaders will discuss new and developing technologies, products and services focused on better integrating clinical information, and services aimed at increasing health system performance. Management will also provide an overview of the Company’s outlook for growth and performance for 2020 and beyond.

The Company will livestream the presentation and management question and answer portions of this meeting and will make conference materials available on its Investors page at www.unitedhealthgroup.com at 6:45 a.m. EST. A replay of the conference will be available on the Company web site.

In conjunction with the meeting, the Company will discuss its financial outlook. Revenues for 2019 are expected to approximate $242 billion, with net earnings to approach $14.25 per share and adjusted net earnings to approach $15.00 per share, at the higher end of the Company’s most recent earnings per share outlook provided with its third quarter 2019 earnings release. Adjusted net earnings exclude from net earnings only the after-tax non-cash amortization expense pertaining to acquisition-related intangible assets.

UnitedHealth Group will also introduce its 2020 outlook, including revenues of $260 billion to $262 billion, net earnings of $15.45 to $15.75 per share, and adjusted net earnings of $16.25 to $16.55 per share. Cash flows from operations are expected to range from $19.0 billion to $19.5 billion in 2020.

(Consensus sees FY19 EPS of $14.96 on revenue of $242.65 billion and FY20 EPS of $16.46 on revenue of $260.82 billion)

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