1 Reason to Buy UnitedHealth Group Stock Before Oct. 28

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Group ›Health insurer UnitedHealth Group (NYSE: UNH) reports its third-quarter earnings results later this month, on Oct. 28. It could be a pivotal report for the company, which indicates whether the stock's recent rally continues or if it goes back into a tailspin.The healthcare company has faced challenges with rising medical costs in recent quarters, which resulted in it missing expectations. It changed its CEO, the Department of Justice is investigating its billing practices, and there's been a shortage of reasons to be bearish on the stock. This year, it's trading down a whopping 30%.Despite all that, here's why you may want to buy the stock before it posts its latest earnings numbers.Image source: Getty Images.Due to its decline in price over the past year, UnitedHealth is trading at a low price-to-earnings (P/E) multiple of 15. That's well below its five-year average of 25 (and that's also what the average stock on the S&P 500 index trades at). Even based on analyst estimates of future earnings, its forward P/E multiple of 20 isn't that high, either.This gives investors a valuable buffer, a margin of safety, should the company underwhelm in its upcoming earnings. That buffer is important, as it can limit the downside risk for investors who are concerned about the stock. With so much bad news priced into its current valuation, unless something completely unexpected arises, UnitedHealth probably won't go into a deep decline after earnings. The company released updated guidance in July that projects its adjusted earnings per share for the full year to be $16 per share, at least. Ultimately, this remains a strong and profitable business.UnitedHealth looks like a good stock to invest in for the long haul, and at a discounted price, it can be a no-brainer buy.Before you buy stock in UnitedHealth Group, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and UnitedHealth Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $626,942!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,157,870!*Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,715.79 +0.44 (+0.01%)Dow 3046,758.28 +238.56 (+0.51%)Nasdaq22,780.51 -63.54 (-0.28%)Russell 20002,476.18 +17.69 (+0.72%)VIX16.65 +0.02 (+0.12%)Gold3,908.90 +40.80 (+1.05%)PortfolioSign in to access your portfolioSign inTop gainersMFH Mercurity Fintech Holding Inc. 29.41 +7.80 (+36.09%)LAC Lithium Americas Corp. 9.04 +2.18 (+31.78%)QUBT Quantum Computing Inc. 24.62 +4.64 (+23.22%)RUM Rumble Inc. 8.56 +1.17 (+15.83%)USAR USA Rare Earth, Inc. 25.96 +3.25 (+14.31%)Top losersHIMS Hims & Hers Health, Inc. 52.54 -5.33 (-9.21%)RBLX Roblox Corporation 122.69 -10.81 (-8.10%)MENS Jyong Biotech Ltd. 48.00 -4.00 (-7.69%)PLTR Palantir Technologies Inc. 173.07 -13.98 (-7.47%)LVS Las Vegas Sands Corp. 50.97 -4.08 (-7.41%)Most activePLUG Plug Power Inc. 3.8100 +0.9800 (+34.63%)OPEN Opendoor Technologies Inc. 8.11 +0.10 (+1.25%)LAC Lithium Americas Corp. 9.04 +2.18 (+31.78%)SNAP Snap Inc. 8.54 +0.32 (+3.89%)RGTI Rigetti Computing, Inc. 40.06 +4.66 (+13.16%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 122,314.59 +169.97 (+0.14%)XRP-USD XRP USD 2.97 -0.08 (-2.48%)ETH-USD Ethereum USD 4,481.13 -16.52 (-0.37%)SOL-USD Solana USD 227.47 -4.18 (-1.81%)PFF iShares Preferred and Income Securities ETF 31.76 +0.03 (+0.09%)Top economic events