UnitedHealth's earnings projection falls short of analysts' estimates

Insurer had previously announced that it would swing for the fences in terms of long term earnings growth

UnitedHealth's earnings projection falls short of analysts' estimates

Life & Health

By Lyle Adriano

Major health insurer UnitedHealth Group has revealed its adjusted earnings forecast for 2020 – but the midpoint estimate fell short of analysts’ projections.

The company revealed that it expects 2020 earnings between $16.25 and $16.55 per share. By comparison, analysts pegged UnitedHealth’s earnings around $16.46 per share, according to data from Refinitiv.

UnitedHealth remains positive that its expected revenue next year will run from $260 billion to $262 billion, above Wall Street’s expectations of $260.81 billion, Reuters reported.

In October, the company said that it was targeting earnings growth of 13% to 16% in the long term. At that time, UnitedHealth said its full year adjusted earnings forecast is expected to be between $14.90 and $15 a share.

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