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Berkshire Hathaway Inc. (BRK.B) Stock Moves -1.33%: What You Should Know
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In the latest trading session, Berkshire Hathaway Inc. (BRK.B - Free Report) closed at $197.35, marking a -1.33% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.08%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 2.27%.
Heading into today, shares of the company had lost 8% over the past month, lagging the Finance sector's loss of 5.28% and the S&P 500's loss of 3.6% in that time.
Wall Street will be looking for positivity from BRK.B as it approaches its next earnings report date. This is expected to be February 22, 2019. The company is expected to report EPS of $2.36, up 74.81% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.76 per share and revenue of $262 billion. These totals would mark changes of +66.55% and +8.2%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for BRK.B. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.11% lower. BRK.B is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, BRK.B is currently trading at a Forward P/E ratio of 20.49. This represents a premium compared to its industry's average Forward P/E of 15.08.
We can also see that BRK.B currently has a PEG ratio of 2.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. BRK.B's industry had an average PEG ratio of 1.42 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Berkshire Hathaway Inc. (BRK.B) Stock Moves -1.33%: What You Should Know
In the latest trading session, Berkshire Hathaway Inc. (BRK.B - Free Report) closed at $197.35, marking a -1.33% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.08%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 2.27%.
Heading into today, shares of the company had lost 8% over the past month, lagging the Finance sector's loss of 5.28% and the S&P 500's loss of 3.6% in that time.
Wall Street will be looking for positivity from BRK.B as it approaches its next earnings report date. This is expected to be February 22, 2019. The company is expected to report EPS of $2.36, up 74.81% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.76 per share and revenue of $262 billion. These totals would mark changes of +66.55% and +8.2%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for BRK.B. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.11% lower. BRK.B is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, BRK.B is currently trading at a Forward P/E ratio of 20.49. This represents a premium compared to its industry's average Forward P/E of 15.08.
We can also see that BRK.B currently has a PEG ratio of 2.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. BRK.B's industry had an average PEG ratio of 1.42 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.