[ad_1]
Shares of UnitedHealth Group Inc. (NYSE: UNH ) was down 1% on Thursday. The stock is down 7% year-to-date. The company is set to report its fourth quarter 2022 results tomorrow before the market opens. Here’s a look at what to expect:
results
Analysts expect UnitedHealth to report revenue of $82.5 billion for the fourth quarter of 2022. This compares to $73.7 billion reported in the fourth quarter of 2021. year-over-year.
earnings
Analysts expect earnings of $5.17 for UnitedHealth in Q4 2022 which compares to adjusted EPS of $4.48 reported in Q4 2021. In Q3 2022, the company posted adjusted EPS of $5.79, which was up 28% YoY.
Segment
UnitedHealth’s top-line performance in Q3 2022 was driven primarily by double-digit growth in the Optum and UnitedHealthcare segments. The UnitedHealthcare division saw 11% revenue growth in Q3. The number of people served within UnitedHealthcare increased by 185,000 in the third quarter, led by community and senior offerings.
During the third quarter, Optum posted revenue growth of 17%, led by Optum Health. Optum Health revenue increased 34% while revenue per customer served rose 31% YoY, driven by growth in value-based care arrangements and continued expansion of care delivery platforms. Optum Insight revenue increased 18% led by growth in payer and provider services. Optum Rx revenue rose 8% in Q3. This momentum is likely to continue in the fourth quarter.
UnitedHealth has expanded its behavioral health network by 25% over the past few years, including adding behavioral clinical practices owned and operated by Optum. The company is developing a portfolio of digital offerings that support a variety of needs, thereby giving patients access to resources when they need them.
The company has made improvements to its navigation tools to help customers access important information and also guide them to relevant and specific aspects of behavioral health. These improvements can prove beneficial to the company by providing better service to customers and driving growth.
Click here to read the full transcript of UnitedHealth Group’s Q3 2022 earnings conference call
[ad_2]
Source link