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Is Berkshire Hathaway (BRK.B) Outperforming Other Finance Stocks This Year?
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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Berkshire Hathaway (BRK.B - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Berkshire Hathaway is a member of the Finance sector. This group includes 826 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BRK.B is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BRK.B's full-year earnings has moved 0.84% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, BRK.B has gained about 1.12% so far this year. At the same time, Finance stocks have lost an average of 1.41%. As we can see, Berkshire Hathaway is performing better than its sector in the calendar year.
Breaking things down more, BRK.B is a member of the Insurance - Property and Casualty industry, which includes 48 individual companies and currently sits at #170 in the Zacks Industry Rank. On average, this group has gained an average of 1.19% so far this year, meaning that BRK.B is slightly underperforming its industry in terms of year-to-date returns.
BRK.B will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.
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Is Berkshire Hathaway (BRK.B) Outperforming Other Finance Stocks This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Berkshire Hathaway (BRK.B - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Berkshire Hathaway is a member of the Finance sector. This group includes 826 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BRK.B is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BRK.B's full-year earnings has moved 0.84% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, BRK.B has gained about 1.12% so far this year. At the same time, Finance stocks have lost an average of 1.41%. As we can see, Berkshire Hathaway is performing better than its sector in the calendar year.
Breaking things down more, BRK.B is a member of the Insurance - Property and Casualty industry, which includes 48 individual companies and currently sits at #170 in the Zacks Industry Rank. On average, this group has gained an average of 1.19% so far this year, meaning that BRK.B is slightly underperforming its industry in terms of year-to-date returns.
BRK.B will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.