UnitedHealth Group Inc. Earnings: Consecutive Profit Quarter Streak Stays Intact

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S&P 500 (NYSE:SPY) component UnitedHealth Group Inc. (NYSE:UNH) reported net income above Wall Street’s expectations for the first quarter. UnitedHealth Group designs products, provides services and applies technologies that improve access to health and well-being services.

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UnitedHealth Group Earnings Cheat Sheet for the First Quarter

Results: Net income for UnitedHealth Group Inc. rose to $1.39 billion ($1.31 per share) vs. $1.35 billion ($1.22 per share) in the same quarter a year earlier. This marks a rise of 3.1% from the year-earlier quarter.

Revenue: Rose 7.3% to $27.28 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: UnitedHealth Group Inc. beat the mean analyst estimate of $1.16 per share. Analysts were expecting revenue of $27.2 billion.

Quoting Management: Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group, said, “We continue to serve customers with high-quality, innovative products and services that consistently deliver the most affordable care and make the best use of our health care system resources for everyone.”

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 15 cents in the fourth quarter of the last fiscal year, by 5 cents in the third quarter of the last fiscal year, and by 21 cents in the second quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 7.8% to $25.92 billion in the fourth quarter of the last fiscal year. The figure rose 6.8% in the third quarter of the last fiscal year from the year earlier and climbed 8.5% in the second quarter of the last fiscal year from the year-ago quarter.

The company has now seen net income rise in two straight quarters. In the fourth quarter of the last fiscal year, net income rose 20.6% from the year earlier.

Looking Forward: Expectations for the second quarter have not changed from $1.19. Over the past three months, the average estimate for the fiscal year has climbed from $4.72 per to share to $4.80.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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