UnitedHealth (UNH) Q3 Earnings and Revenues Beat, Guidance Up
Sapna Bagaria
16 October 2019, 4:22 am
UnitedHealth Group Inc.'s UNH third-quarter 2019 earnings of $3.88 per share surpassed the Zacks Consensus Estimate by 3.5%. The same was up 13.8% year over year.
Higher revenues, strength in both segments — UnitedHealthcare and Optum — plus membership growth led to this outperformance.
UnitedHealth has a tradition of guiding conservatively and then surpassing its own estimates to surprise investors. The reported quarter was not an exception.
UnitedHealth Group Incorporated Price, Consensus and EPS Surprise
Strong Operating Performance
UnitedHealth posted revenues of $60.4 billion, beating the Zacks Consensus Estimate by 1.3%. The same was up 7% year over year, led by double-digit growth at UnitedHealthcare Medicare & Retirement, OptumRx and OptumHealth.
Total operating cost of $55.3 billion was up 6.3% year over year, led by higher medical costs and operating cost.
The operating cost ratio of 14.8% improved 20 basis points year over year due to the deferral of the health insurance tax and continued effect of operating cost productivity improvements.
Strong Performance Across Segments
In the reported quarter, the company's health benefits segment, UnitedHealthcare, generated revenues of $48.1 billion, up 4.7% year over year. Revenue growth was driven by higher enrollment and increase in pricing.
Its business groups — Employer and Individual, Medicare and Retirement and Global — contributed to the growth. Earnings from operations were up 3.8% year over year to $2.7 billion, led by revenue growth and cost control.
Revenues from Optum improved 13.4% year over year to $28.8 billion, reflecting strong contributions from the sub-segments — OptumHealth (up 34.4%), OptumInsight (16.1%) and OptumRx (5.8%). Earnings from operations jumped 20% year over year to $2.4 billion. Steady focus on accelerating growth as well as improving margins and productivity through enhanced integration and business alignment led to the segment's overall improvement.
Increase in Membership Enrollment
The company served 49.39 million people in the quarter, up 0.8% year over year. It was led by growth in members, served in the Commercial and Medicare Advantage and partially offset by lower Medicaid and International membership.
Capital Position Update
Cash flow from operations declined 8% year over year to $12.2 billion in the first nine month of 2019.
Cash and short-term investments at quarter-end were $15.8 billion, up 10.4% year over year.
Share Buyback and Dividend Payout
During the third quarter, dividend payout grew 20% year over year to $1 billion and $600 million of shares were repurchased.
2019 Guidance Raised
Following a strong third-quarter 2019 performance, UnitedHealth raised its 2019 adjusted earnings per share guidance to $14.90-$15 from $14.7-14.9 guided earlier.
UnitedHealth's vast and diversified business operations, spanning from health benefit to health services, and a number of accretive acquisitions that have driven its performance over the years, will be the growth catalysts this year too.
Moreover, a solid balance sheet will enable acquisitions that should drive inorganic growth. Good command on controlling medical cost should aid its margins.
Zacks Rank and Stocks That Warrant a Look
UnitedHealth, with a Zacks Rank #4 (Sell), has got this reporting cycle off to a flying start.
Some better-ranked stocks in the same space are Molina Healthcare, Inc. MOH, Humana Inc. HUM, and Cigna Corp. CI. While Molina Healthcare sports a Zacks Rank #1 (Strong Buy), Humana and Cigna Corp. carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Humana, Molina Healthcare and Cigna are expected to reported earnings growth by 21.%, 8.4%, and 18%, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Click to get this free report Cigna Corporation (CI) : Free Stock Analysis Report Molina Healthcare, Inc (MOH) : Free Stock Analysis Report Humana Inc. (HUM) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
Mesut Ozil excited about 'dream come true' Fenerbahce transfer from Arsenal
Vaccine Vials Market - Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026 with Analysis of COVID-19 Impact - ResearchAndMarkets.com
Who's Ready to Get Rich? 5 Moneymaker Stocks to Buy Now
Ferrari to announce 2020 Full Year and Fourth Quarter financial results on February 2
The German playmaker has not featured under Mikel Arteta in almost a year
The "Vaccine Vials Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026" report has been added to ResearchAndMarkets.com's offering.
There's arguably no greater wealth creator on the planet than the stock market. Though other assets have had short periods where they've outperformed, the historical long-term average annual return of 7% for the market, inclusive of dividend reinvestment, is unmatched.
Maranello (Italy), January 18, 2021 - Ferrari N.V. ("Ferrari") (NYSE/MTA: RACE) announced today that its financial results for the full year and fourth quarter of 2020 will be released on Tuesday, February 2, 2021. A live audio webcast and conference call of the 2020 full year and fourth quarter results will begin at 2.00 p.m. GMT / 3.00 p.m. CET / 9.00 a.m. EST on Tuesday, February 2. Details for accessing this presentation will be available in the Investors section of Ferrari's corporate website at http://corporate.ferrari.com prior to the event. Please note that registering in advance is required to access the conference call details. For those unable to participate in the live session, a replay will remain archived on Ferrari's corporate website (http://corporate.ferrari.com) for two weeks after the call. Attachment FNV 2020 Q4 FY Results Date PR (ENG)
India Primer Market Competition, Forecast & Opportunities, 2025 by Resin Type, Pack Size, Price Category, Type, End Use, Industry, & Region - ResearchAndMarkets.com
The "India Primer Market, By Resin Type (Acrylic, Epoxy, Others), By Pack Size (Up to 1 liter, 1 liter, 4-liter, 10 liter and Above), By Price Category (Premium, Mid Range, Economy), By Type, By End Use, By Industry, By Region, Competition, Forecast & Opportunities, 2015-2025" report has been added to ResearchAndMarkets.com's offering.
Growth Opportunities in AI, Threat Intelligence and SCA Tools, 2020 Report - ResearchAndMarkets.com
The "Growth Opportunities in AI, Threat Intelligence and SCA Tools" report has been added to ResearchAndMarkets.com's offering.
$13.7 Billion Worldwide Computer Accessories Industry to 2027 - Impact of COVID-19 on the Market
Dublin, Jan. 18, 2021 (GLOBE NEWSWIRE) -- The "Computer Accessories - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 6th edition of this report. The 278-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Global Computer Accessories Market to Reach $19.1 Billion by 2027Amid the COVID-19 crisis, the global market for Computer Accessories estimated at US$13.7 Billion in the year 2020, is projected to reach a revised size of US$19.1 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027. External HDDs, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$8.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gaming Accessories segment is readjusted to a revised 5.4% CAGR for the next 7-year period.The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 7.4% CAGRThe Computer Accessories market in the U.S. is estimated at US$3.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.9 Billion by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.Portable Speakers Segment to Record 4.9% CAGRIn the global Portable Speakers segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2027, while Latin America will expand at a 5.9% CAGR through the analysis period.Competitors identified in this market include, among others: Hewlett-Packard Development Company LPLexmark International, Inc.LogitechMicrosoft CorporationSeagate Technology LLCSeiko Epson CorporationToshiba CorporationWestern Digital Corporation Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Global Competitor Market SharesComputer Accessories Competitor Market Share Scenario Worldwide (in %): 2019 & 2025Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISIV. COMPETITION Total Companies Profiled: 38 For more information about this report visit https://www.researchandmarkets.com/r/t5w0w9 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Exoskeleton Robot: Global Markets
Report Scope: This report provides an overview of the global market for exoskeletons and analyzes market trends. Using 2019 as the base year, the report provides estimated market data for the forecast period 2020 through 2025.New York, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Exoskeleton Robot: Global Markets" - https://www.reportlinker.com/p06008233/?utm_source=GNW Revenue forecasts for this period are segmented based on mobility, type, power, segment and geography.The report also focuses on the major driving trends and challenges that affect the market and the vendor landscape.The report explains the value chain and current trends in the exoskeleton market.The report includes an impact analysis of the COVID-19 pandemic on the exoskeleton market and includes detailed profiles of the major industry players.The scope of the report includes the global market for commercially deployed exoskeletons. Exoskeletons which are in the pilot phase, are live for demonstration purposes, or are available for rental use or on lease basis have been considered to calculate the overall market size.Report Includes:- An overview of the global market for exoskeleton robot- Estimation of the market size and analyses of market trends, with data from 2019, 2020, estimates for 2021 to 2025 with projections of compound annual growth rates (CAGRs) through 2025- Highlights of quantitative and qualitative data of the exoskeleton robot market by type, mobility, technology, power, industry and region- Identification of market drivers, restraints and other forces impacting the global market and evaluation of current market trends, market size, market forecast, and technological advancements within the industry- Description of the impact of the COVID-19 pandemic on the exoskeleton industry- Coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies- Company profiles of major players of the industrySummary:Exoskeletons are lightweight, wearable devices designed for rehabilitation, assistance and human-power augmentation.Originally designed for military use, these wearable robotic machines, also known as a robotic suit, powered armor or exosuit, supply part of the power necessary for the activation of energy required for limb movement.Armed forces in the U.S. and other countries have investigated the possible military applications of exoskeletons for more than a decade.Today, the main application of exoskeletons is in healthcare and, to a lesser extent, industrial and commercial settings.They help to improve mobility, enhance force capability and recover motor functions in large joints like the hip and knee.Additionally, they can help to reduce the need for some medications and improve mental health, sleep, pain, posture and balance. Potential exists in the medical market for exoskeletons to provide mobility assistance to the elderly to aid in walking or even climbing stairs.Read the full report: https://www.reportlinker.com/p06008233/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________ CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
Oil Near $52 on Still-Surging Virus and Stronger Dollar
(Bloomberg) -- Oil futures held steady, despite a stronger dollar and physical prices in Asia continuing to trade at weaker levels than a month ago.Premiums for Russia's ESPO have fallen by more than $1 since last month, according to traders who asked not to be identified. It follows a flurry of new Covid cases in China, potentially menacing demand, and flare ups in other regional oil consumers like Japan. Indian energy demand was also off to a shaky start to the year, with sales of transport and cooking fuels dropping from a month earlier.While a second consecutive daily rise in the dollar was adding pressure to prices on Monday, not all data was so downbeat. Chinese refiners processed a record volume of crude in December, the equivalent of about 14 million barrels a day, a sign of just how strongly consumption in the world's largest crude importer had rebounded into the end of last year. Combined with OPEC+ output cuts and the rollout of Covid vaccines, that had helped push prices to a 10-month high at the start of the year."The virus will be beaten, and the foundation of economic recovery was laid down in the second half of last year," said Tamas Varga, an analyst at PVM Oil Associates Ltd. As a result, the pullback in prices "might prove to be short-lived," he said.Libya's oil output, meanwhile, has dropped by about 200,000 barrels a day after the closure of a leaking pipeline. The decline underscores how difficult it is for the country to maintain production after almost a decade of civil war.See also: President Biden Won't Unlock a Wave of Iranian Crude: Julian LeeVolumes of crude stored at sea are also continuing to fall as the market rebalances. Floating storage slipped to 80 million barrels last week, according to Vortexa Ltd, the lowest since April.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
'Hard pass': Woolworths shoppers divided over trolley feature
A TikTok video shows off one of the exclusive features on the trolleys at a new Woolworths store in Melbourne.
Worldwide Downhole Tools Industry to 2025 - Key Drivers, Challenges and Trends - ResearchAndMarkets.com
The "Global Downhole Tools Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
Global Semiconductor Packaging Industry (2020 to 2027) - Market Trends and Drivers - ResearchAndMarkets.com
The "Semiconductor Packaging - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Missile Launching System Market (2021 to 2025) - Featuring BAE Systems, L3Harris Technologies & Leonardo Among Others - ResearchAndMarkets.com
The "Global Missile Launching System Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
Global Industrial Machinery Industry (2020 to 2027) - Market Trends and Drivers
Dublin, Jan. 18, 2021 (GLOBE NEWSWIRE) -- The "Industrial Machinery - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 8th edition of this report. The 194-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Global Industrial Machinery Market to Reach US$794 Billion by the Year 2027Amid the COVID-19 crisis, the global market for Industrial Machinery estimated at US$565.6 Billion in the year 2020, is projected to reach a revised size of US$794 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Agriculture, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach US$207.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Construction segment is readjusted to a revised 4.8% CAGR for the next 7-year period. This segment currently accounts for a 29% share of the global Industrial Machinery market.The U.S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 8.2% CAGR for the Period of 2020-2027The Industrial Machinery market in the U.S. is estimated at US$162.9 Billion in the year 2020. The country currently accounts for a 28.8% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$145.9 Billion in the year 2027 trailing a CAGR of 8.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$145.9 Billion by the year 2027.Packaging Segment Corners a 10% Share in 2020In the global Packaging segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$42.8 Billion in the year 2020 will reach a projected size of US$60.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$109.4 Billion by the year 2027, while Latin America will expand at a 5.7% CAGR through the analysis period. Competitors identified in this market include, among others: Caterpillar, Inc.CNH Industrial N. V.Gerdau SAHitachi Construction Machinery Co., Ltd.Honeywell International, Inc.Ingersoll-Rand PLCKomatsu Ltd.Terex CorporationVolvo Construction Equipment AB Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Impact of Covid-19 and a Looming Global RecessionGlobal Competitor Market SharesIndustrial Machinery Competitor Market Share Scenario Worldwide (in %): 2018E 2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISIV. COMPETITION Total Companies Profiled: 34 For more information about this report visit https://www.researchandmarkets.com/r/5twnrt Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Emirates airline on Monday started offering employees vaccinations against the COVID-19 disease with priority given to front-line workers such as cabin crew and pilots. The Pfizer-BioNTech vaccine and another developed by China National Pharmaceutical Group (Sinopharm) are being made available to all employees in the United Arab Emirates, parent company Emirates Group said. Both vaccines are already available to the general public in the United Arab Emirates with priority given to certain groups.
Global Butane Market (2020 to 2026) - Industry Analysis, Trends, Market Size, and Forecasts - ResearchAndMarkets.com
The "Butane Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026" report has been added to ResearchAndMarkets.com's offering.
Global Cardiac Rehabilitation Devices Market Analysis, Trends, Market Size, and Forecasts 2020-2026 - ResearchAndMarkets.com
The "Cardiac Rehabilitation Devices Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026" report has been added to ResearchAndMarkets.com's offering.
CORRECTING and REPLACING ThermVac Moves Into Japan's Special Vacuum Furnace Market
Korean manufacturer for vacuum furnaces ThermVac moves into Japan's special vacuum furnace market.
North America $664 Million Aviation Life Rafts Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Capacity, Type, and Application - ResearchAndMarkets.com
The "North America Aviation Life Rafts Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Capacity, Type, and Application" report has been added to ResearchAndMarkets.com's offering.