UnitedHealth Group (NYSE: UNH) is set to release its earnings report this Tuesday before market opens. The health insurance giant beat revenue expectations last quarter with $112 billion in revenue, matching the previous year’s figures. The company also exceeded earnings per share (EPS) estimates, marking a strong performance.
For the upcoming quarter, analysts predict a 1.6% year-over-year decline in revenue, a shift from the 12.2% growth seen in the same period last year. Over the past 30 days, analysts have largely maintained their estimates, suggesting stability in their outlook for the company. UnitedHealth has a history of missing revenue estimates multiple times over the last two years.
As the first major healthcare provider to report earnings this season, UnitedHealth’s results could set the tone for the sector. While healthcare stocks have seen a 1.9% average increase in share prices over the last month, UnitedHealth’s stock has remained unchanged during the same period.