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Universal Health Services Inc - UHS trading signal

US stock price signals and analysis

Good morning Traders,

With the close on June 13,  Lift-Off confirms a LONG trading signal on the US stock Universal Health Services Inc (Ticker: UHS) listed on the NYSE and part of the S&P500 index.

The stock closed at USD 140.97 per share, marking a +3.48%.

After the release of the U.S. inflation data on the decline, which was positive and exceeded expectations, market indexes continued to rise. In particular, the SP500 index showed a significant recovery, surpassing the highs recorded in August 2022. New data on the U.S. interest rate is expected today, however, it seems that the market has already incorporated this information into the current scenario.

Below chart of Universal Health Services Inc - UHS - with the signal detected by Lift-Off 

The company operates in the "Health Services" industry specifically in the "Hospital Management Industry"

Profile

Universal Health Services Inc (UHS) is a leading health services company, providing hospital care and mental health services worldwide. Founded in 1979, the company operates an extensive network of health care facilities including general hospitals, psychiatric facilities, rehabilitation centers and addiction treatment centers.

UHS is committed to providing high-quality, accessible and compassionate health care to the communities in which it operates. Its facilities offer a wide range of services, including diagnosis, treatment, therapy, and support for a variety of medical conditions and mental disorders.

The company is distinguished by its focus on innovation and the adoption of evidence-based approaches to improve patient outcomes. UHS is committed to the research and development of new therapies, treatment protocols, and models of care to meet the evolving needs of patients.

UHS has a presence in several countries, including the United States, the United Kingdom, and Puerto Rico, and collaborates with healthcare providers, insurers, and government organizations to ensure adequate healthcare coverage and effective care management.

With extensive experience in the healthcare services industry, UHS is dedicated to patient well-being and is committed to providing high-quality, ethical services based on best clinical practices. The company focuses on continuous improvement and innovation to drive positive change in the healthcare industry.

Next earnings announcement for Q2 2023:July 24, 2023

Q1 2023 Results

EPS: Reported 2.34 / Expected 2.19 / previous 3.02

Earnings: Reported 3.47B / Expected 3.45B / previous 3.45B

Financial Overview: UHS's current market capitalization amounts to USD 8,873B. 

Accounts, including revenue, expenses, profit and loss: UHS's total revenue for the latest quarter is USD 3.47B, up 0.60% from the previous quarter. Net income in Q1 23 is $162.99M USD.

Profits and revenues:UHS's profits for the latest quarter are $2.34 USD while the estimate was $2.19 USD, which explains the 6.61% change. The company's revenue for the same period is US$3.47B despite the estimated figure of US$3.45B. Estimated profits for the next quarter are 2.42B USD, while revenues are expected to reach 3.50B USD. Also look at the annual changes over time to get a broader picture of UHS's earnings and revenue dynamics.

Overview data and accounts source: Tradingview.com

Signal Chart June 14, 2023

LONG - Universal Health Services Inc - UHS

Input price: $140.97 (and any opening price, watch for wide GAPs)

Important: 

Remind that the signal has been chosen from those detected by the Lift-Off indicator, visible in the signals area, but will NOT be communicated the management of the trade.

We recommend handling the operations as shown during the professional courses on using the platform available at this link https://it.largetrader.com/event