UnitedHealth Group Incorporated (NYSE:UNH) operates as a diversified health and well-being company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on UNH’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that UnitedHealth Group could be a solid choice for investors.
Current Quarter Estimates for UNH
In the past 30 days, six estimates have gone higher for UnitedHealth Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $2.51 a share 30 days ago, to $2.87 today, a move of 14.3%.
Current Year Estimates for UNH
Meanwhile, UnitedHealth Group’s current year figures are also looking quite promising, with ten estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $10.81 per share 30 days ago to $12.34 per share today, an increase of 14.2%.
UnitedHealth Group Incorporated Price and Consensus
UnitedHealth Group Incorporated Price and Consensus | UnitedHealth Group Incorporated Quote
Bottom Line
The stock has also started to move higher lately, adding 9.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report
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