UnitedHealth's 2023 Guidance

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UnitedHealth's 2023 Guidance

Shares of UnitedHealth Group (NYSE: UNH) ticked down 0.43% in after-hours trading on Monday after the company released updated guidance for 2022 and 2023.

2022 Outlook: UnitedHealth Group expects revenue in 2022 to hit $324 billion and for adjusted net earnings to be between $21.85 to $22.05 per share, as announced in the third quarter earnings release.

2023 Outlook: The 2023 financial guidance for UnitedHealth was mixed. UnitedHealth expects revenue in 2023 to be between $357 billion to $360 billion, which was better than expected. But the company’s adjusted earnings per share of $24.40 to $24.90 was below estimates.

What’s Next: UnitedHealth will host its annual Investor Conference today at 8:00 a.m. ET.

Background: It’s been an interesting time for UnitedHealth Group. The company is on the verge of acquiring LHC Group. However, health insurance companies have been struggling lately due to the ongoing pandemic.

Stock Price: UnitedHealth Group is up 5% this year but the stock is down 4% in the last 30 days.

Final Thoughts: While some analysts have downgraded UnitedHealth, the company is trying to grow. We’ll see what the company announces during today’s Investor Conference.


Notable Earnings Today: Bilibili (Nasdaq: BILI), CrowdStrike (Nasdaq: CRWD), Hibbett (Nasdaq: HIBB), Intuit (Nasdaq” INTU), Bank of Nova Scotia (NYSE: BNS), Workday (Nasdaq: WDAY), Shaw Communications (NYSE: SJR), Hewlett Packard Enterprise (NYSE: HPE), Cititrends, NetApp (Nasdaq: NTAP), Baozun (Nasdaq: BZUN), Compass Minerals (NYSE: CMP), Cango (NYSE: CANG), Safe-T Group (Nasdaq: SFET), Elbit Systems (Nasdaq: ESLT).

Notable IPOs Today:  Leonardo DRS, Inc. Common Stock (Nasdaq: DRS).

Notable Equity Crowdfunding Campaigns Ending Today: Upbounders (SMBX), PopCom (StartEngine), NPCx (Republic), EPR-Technologies (StartEngine).

Notable Economic Events Today: S&P/CS HPI Composite (9:00 a.m. ET), CB Consumer Confidence (10:00 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

Exxon Mobil May Leave Equatorial Guinea

Photo by Zbynek Burival / Unsplash

Exxon Mobil (NYSE: XOM) is planning to wind down oil production in Equatorial Guinea and leave the country when its license is up in 2026, according to a Reuters report on Monday.

Stock Price: Shares of Exxon Mobil are up 72% this year but are basically flat in the last 30 days.

Final Thoughts: Exxon Mobil has not commented on the Reuters report yet. The company is dealing with some headwinds as the price of crude oil drops to its lowest levels all year. This drop has left some investors wondering if the oil trade, which was in growth mode during the first half of 2022, is now taking a break.

Microchip Technology Reaffirms 2023 Guidance

Microchip Technology (Nasdaq: MCHP) reaffirmed its quarterly guidance on Monday of net sales to be between $2.135 billion to $2.177 billion, which sent shares up 0.63% in after-hours trading.

Final Thoughts: It’s been a rough year for semiconductor stocks. Microchip’s stock is down 15%. The company will present at the Credit Suisse 26th Annual Technology Conference today.

Trends to Watch

Disney’s Head Dishes: Robert Iger at Town Hall Vows to Focus on Creativity (The Wall Street Journal)

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