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Berkshire Hathaway B (BRK.B) Dips More Than Broader Markets: What You Should Know
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Berkshire Hathaway B (BRK.B - Free Report) closed at $295.09 in the latest trading session, marking a -1.52% move from the prior day. This move lagged the S&P 500's daily loss of 0.75%. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, added 0.13%.
Coming into today, shares of the company had gained 12.21% in the past month. In that same time, the Finance sector gained 6.4%, while the S&P 500 gained 4.98%.
Berkshire Hathaway B will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.10, up 8.01% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $74.92 billion, up 6.15% from the prior-year quarter.
BRK.B's full-year Zacks Consensus Estimates are calling for earnings of $14.14 per share and revenue of $296.47 billion. These results would represent year-over-year changes of +16.67% and +7.38%, respectively.
Any recent changes to analyst estimates for Berkshire Hathaway B should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Berkshire Hathaway B is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 21.2. For comparison, its industry has an average Forward P/E of 17.5, which means Berkshire Hathaway B is trading at a premium to the group.
Also, we should mention that BRK.B has a PEG ratio of 3.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Insurance - Property and Casualty was holding an average PEG ratio of 1.92 at yesterday's closing price.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Berkshire Hathaway B (BRK.B) Dips More Than Broader Markets: What You Should Know
Berkshire Hathaway B (BRK.B - Free Report) closed at $295.09 in the latest trading session, marking a -1.52% move from the prior day. This move lagged the S&P 500's daily loss of 0.75%. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, added 0.13%.
Coming into today, shares of the company had gained 12.21% in the past month. In that same time, the Finance sector gained 6.4%, while the S&P 500 gained 4.98%.
Berkshire Hathaway B will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.10, up 8.01% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $74.92 billion, up 6.15% from the prior-year quarter.
BRK.B's full-year Zacks Consensus Estimates are calling for earnings of $14.14 per share and revenue of $296.47 billion. These results would represent year-over-year changes of +16.67% and +7.38%, respectively.
Any recent changes to analyst estimates for Berkshire Hathaway B should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Berkshire Hathaway B is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 21.2. For comparison, its industry has an average Forward P/E of 17.5, which means Berkshire Hathaway B is trading at a premium to the group.
Also, we should mention that BRK.B has a PEG ratio of 3.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Insurance - Property and Casualty was holding an average PEG ratio of 1.92 at yesterday's closing price.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.