UnitedHealth Group Inc. (UNH) said Tuesday it now expects full-year revenue of about $257 billion, yielding per-share earnings of about $15.90 and adjusted EPS of $16.75. The FactSet consensus is for EPS of $16.73 and revenue of $256.7 billion. The company offered the updated guidance in a statement ahead of an analyst day. It also set guidance for 2021 for revenue to range from $277 billion to $280 billion and adjusted EPS to range from $17.75 to $18.25. Those numbers include a $1.80 per share hit from continuing COVID-19 effects, such treatment and testing costs, the impact of people deferring care into 2021 and other factors. The FactSet consensus is for EPS of $18.39 and revenue of $278.5 billion. Shares were up 0.5% premarket and have gained 14.4% in the year to date, while the S&P 500 has gained 12% and the Dow Jones Industrial Average has gained 3.9%.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 01, 2020 06:44 ET (11:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.