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The biggest U.S. well being insurer UnitedHealth Group UNH reported combined fourth-quarter 2019 outcomes whereby it breezed previous the Zacks Consensus Estimate on earnings however lagged on revenues.
Earnings per share got here in at $3.90, nicely above the Zacks Consensus Estimate of $3.77 and the year-ago earnings of $3.28. Revenues rose 4.3% yr over yr to $60.9 billion however fell shy of the estimated $60.98 billion. Outcomes have been boosted by rising pharmacy advantages.
The corporate affirmed its lately issued full-year adjusted earnings per share steering of $16.25-$16.55. UnitedHealth expects sturdy gross sales of its authorities well being plans this yr. It expects to enroll 700,000 extra folks in its Medicare Benefit plans in 2020 (see: all the Healthcare ETFs here).
Following its earnings launch, UNH shares climbed 2.8% on the shut of day. The inventory presently has a Zacks Rank #3 (Maintain) and VGM Rating of B. It belongs to a positive Zacks business (positioned on the top 26% of 250+ industries), which underscores its potential to outperform within the weeks forward.
Given this, buyers may faucet the corporate’s progress with ETFs having the biggest allocation to this medical health insurance big. We’ve highlighted them intimately…