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Is Berkshire Hathaway (BRK.B) Stock Outpacing Its Finance Peers This Year?
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For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Berkshire Hathaway (BRK.B - Free Report) been one of those stocks this year? 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 one of 852 individual stocks in the Finance sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 12.49% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BRK.B has gained about 4.33% so far this year. At the same time, Finance stocks have lost an average of 5.95%. This means that Berkshire Hathaway is outperforming the sector as a whole this year.
To break things down more, BRK.B belongs to the Insurance - Property and Casualty industry, a group that includes 47 individual companies and currently sits at #146 in the Zacks Industry Rank. On average, this group has gained an average of 2.26% so far this year, meaning that BRK.B is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track BRK.B. The stock will be looking to continue its solid performance.
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Is Berkshire Hathaway (BRK.B) Stock Outpacing Its Finance Peers This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Berkshire Hathaway (BRK.B - Free Report) been one of those stocks this year? 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 one of 852 individual stocks in the Finance sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 12.49% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BRK.B has gained about 4.33% so far this year. At the same time, Finance stocks have lost an average of 5.95%. This means that Berkshire Hathaway is outperforming the sector as a whole this year.
To break things down more, BRK.B belongs to the Insurance - Property and Casualty industry, a group that includes 47 individual companies and currently sits at #146 in the Zacks Industry Rank. On average, this group has gained an average of 2.26% so far this year, meaning that BRK.B is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track BRK.B. The stock will be looking to continue its solid performance.