UNH stock initially surged on a huge earnings beat, but the earnings outlook and medical cost trend for the Dow Jones company was less bullish.

UnitedHealth Group shares are in the spotlight Wednesday as the company is expected to report Q2 results on Thursday before the market opens.

UNH to release Q2 earnings on July 16, with expectations of $4.85/share and $110.82B revenue. Analysts raise price targets, dividend at 2.18%.