UnitedHealth Group (UNH) Tops Q1 EPS by 20c; Guides FY17 Above the Street
UnitedHealth Group (NYSE: UNH) reported Q1 EPS of $2.37, $0.20 better than the analyst estimate of $2.17. Revenue for the quarter came in at $48.7 billion versus the consensus estimate of $48.27 billion.
- First Quarter Revenues of $48.7 Billion Grew 9.4% Year-Over-Year
- Excluding ACA Individual Offerings, UnitedHealthcare Grew to Serve 2.5 Million More People in the Past 12 Months
- Optum Earnings from Operations Grew 16%, With Every Optum Segment Reporting Double-Digit Percentage Earnings Growth
- Cash Flows from Operations were $6.5 Billion in First Quarter; Adjusted Cash Flows from Operations were $2 Billion
- First Quarter Net Earnings of $2.23 Per Share Grew 34% Year-Over-Year
- First Quarter Adjusted Net Earnings of $2.37 Per Share Grew 31% Year-Over-Year
“Our focus on quality and consistency in everything we do for those we serve across the health system continues to strengthen our business each quarter. These efforts are driving consistent growth and strong bottom line performance across our businesses,” said Stephen J. Hemsley, chief executive officer of UnitedHealth Group.
GUIDANCE:
UnitedHealth Group sees FY2017 EPS of $9.65-$9.85, versus the consensus of $9.51.
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