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Berkshire Hathaway B (BRK.B) Stock Moves -0.75%: What You Should Know
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Berkshire Hathaway B (BRK.B - Free Report) closed the most recent trading day at $273.64, moving -0.75% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.3%.
Prior to today's trading, shares of the company had lost 2.19% over the past month. This has lagged the Finance sector's loss of 2.09% and was narrower than the S&P 500's loss of 3.58% in that time.
Wall Street will be looking for positivity from BRK.B as it approaches its next earnings report date. The company is expected to report EPS of $3.03, up 31.74% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.79 per share and revenue of $320.12 billion. These totals would mark changes of +28.57% and +30.39%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for BRK.B. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. BRK.B currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, BRK.B currently has a Forward P/E ratio of 23.39. This represents a premium compared to its industry's average Forward P/E of 14.13.
Also, we should mention that BRK.B has a PEG ratio of 3.34. 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. The Insurance - Property and Casualty industry currently had an average PEG ratio of 2 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 113, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Berkshire Hathaway B (BRK.B) Stock Moves -0.75%: What You Should Know
Berkshire Hathaway B (BRK.B - Free Report) closed the most recent trading day at $273.64, moving -0.75% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.3%.
Prior to today's trading, shares of the company had lost 2.19% over the past month. This has lagged the Finance sector's loss of 2.09% and was narrower than the S&P 500's loss of 3.58% in that time.
Wall Street will be looking for positivity from BRK.B as it approaches its next earnings report date. The company is expected to report EPS of $3.03, up 31.74% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.79 per share and revenue of $320.12 billion. These totals would mark changes of +28.57% and +30.39%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for BRK.B. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. BRK.B currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, BRK.B currently has a Forward P/E ratio of 23.39. This represents a premium compared to its industry's average Forward P/E of 14.13.
Also, we should mention that BRK.B has a PEG ratio of 3.34. 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. The Insurance - Property and Casualty industry currently had an average PEG ratio of 2 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 113, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.