FILE PHOTO: A UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. REUTERS/Lucy Nicholson/Illustration/File Photo
(Reuters) – Health insurer UnitedHealth Group (UNH.N) on Monday issued its adjusted earnings forecast for 2020, the midpoint of which was below analysts’ estimates.
The company said it expects 2020 earnings between $16.25 and $16.55 per share, compared with analysts’ estimates of $16.46 per share, according to Refinitiv data.
UnitedHealth, however, said it expected revenue of $260 billion to $262 billion for 2020, largely above Wall Street expectations of $260.81 billion.
The insurer said in October that it was targeting earnings growth of between 13% and 16% in the long term.
(This story was refiled to correct headline to clarify that midpoint is below estimates)
Reporting by Dania Nadeem in Bengaluru; Editing by Anil D’Silva