UnitedHealth Group Incorporated (NYSE:UNH ) Q3 2024 Earnings Conference Call October 15, 2024 8:45 AM ET Company Participants Andrew Witty - CEO John Rex - President and CFO Tim Noel - CEO, UnitedHealthcare Medicare & Retirement Amar Desai - CEO, Optum Health Roger Connor - CEO, Optum Insight Brian Thompson - CEO, UnitedHealthcare Heather Cianfrocco - CEO, Optum Dan Kueter - CEO, UnitedHealthcare of Employer & Individual Patrick Conway - CEO OptumRx Conference Call Participants Lisa Gill - JPMorgan A.J. Rice - UBS Stephen Baxter - Wells Fargo Josh Raskin - Nephron Research Scott Fidel - Stephens Justin Lake - Wolfe Research Sarah James - Cantor Fitzgerald Lance Wilkes - Bernstein Erin Wright - Morgan Stanley Andrew Mok - Barclays Operator Good morning, and welcome to the UnitedHealth Group's Third Quarter 2024 Earnings Conference Call.
Cyberattacks can have a deceptively longtail impact, as UnitedHealth's Tuesday (Oct. 15) earnings call revealed. In February 2024, UnitedHealth Group Inc.'s Change Healthcare unit suffered a far-reaching cyberattack.
Medical costs continue to surge more than expected for health insurers.
While the top- and bottom-line numbers for UnitedHealth (UNH) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The company estimates that its formal guidance for 2025 will top out at about $30 in earnings per share
UnitedHealth (UNH) gave back all its gains from the past three months following its earnings miss and narrowed EPS guidance. Meanwhile, Walgreens (WBA) rallied after announcing more than a thousand store closures.
UnitedHealth Group (UNH) came out with quarterly earnings of $7.15 per share, beating the Zacks Consensus Estimate of $7.02 per share. This compares to earnings of $6.56 per share a year ago.
The healthcare services provider post third-quarter adjusted earnings of $7.15 a share, beating analysts' estimates of $7.
UnitedHealth's stock took a hit in early trading Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care profitability and lowered its full-year outlook.
UnitedHealth Group reported a better-than-expected profit for the third quarter on Tuesday, aided by expansion of its insurance and Optum businesses.
UnitedHealth Group (UNH) will report third-quarter earnings before the opening bell Tuesday, with investors likely to be watching for continued growth from its Optum division.
UnitedHealth Group Incorporated's Q3 earnings report is due October 15th. We expect sustained gross income from a favorable insurance pricing environment. However, claims remain unpredictable. Lower interest rates, tight credit spreads, and compressed SOFRs provide an enhanced asset-liability outlook.