United Health Group releases new performance guidance, below Wall Street expectations.
United Health Group has set a new annual earnings target, which is lower than Wall Street's expectations. This once again shows that the healthcare giant is facing challenges in trying to regain investor confidence. The company stated that by 2025, adjusted earnings per share will be at least $16, lower than the average expectation of $20.40 given by analysts in a Bloomberg survey. The company had previously predicted adjusted earnings per share of $26 to $26.50 in April, but completely withdrew this forecast the following month. This range itself has been lowered from the original 2025 earnings expectations set at the end of last year. In the second quarter, United Health Group had earnings per share of $4.08, falling short of analysts' expectations of $4.59.
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