We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Berkshire Hathaway B (BRK.B) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Berkshire Hathaway B (BRK.B - Free Report) closed the most recent trading day at $470.98, moving +1.2% from the previous trading session. This change outpaced the S&P 500's 0.41% loss on the day. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw a decrease of 0.89%.
Heading into today, shares of the company had lost 2.27% over the past month, lagging the Finance sector's gain of 7.34% and the S&P 500's gain of 9.71%.
The upcoming earnings release of Berkshire Hathaway B will be of great interest to investors. The company's upcoming EPS is projected at $4.82, signifying a 7.83% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $95.1 billion, indicating a 5.99% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $20.25 per share and revenue of $385.3 billion, which would represent changes of -1.79% and +3.73%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Berkshire Hathaway B. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.44% higher. Berkshire Hathaway B is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note Berkshire Hathaway B's current valuation metrics, including its Forward P/E ratio of 22.99. This indicates a premium in contrast to its industry's Forward P/E of 10.65.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Berkshire Hathaway B (BRK.B) Gains As Market Dips: What You Should Know
Berkshire Hathaway B (BRK.B - Free Report) closed the most recent trading day at $470.98, moving +1.2% from the previous trading session. This change outpaced the S&P 500's 0.41% loss on the day. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw a decrease of 0.89%.
Heading into today, shares of the company had lost 2.27% over the past month, lagging the Finance sector's gain of 7.34% and the S&P 500's gain of 9.71%.
The upcoming earnings release of Berkshire Hathaway B will be of great interest to investors. The company's upcoming EPS is projected at $4.82, signifying a 7.83% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $95.1 billion, indicating a 5.99% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $20.25 per share and revenue of $385.3 billion, which would represent changes of -1.79% and +3.73%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Berkshire Hathaway B. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.44% higher. Berkshire Hathaway B is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note Berkshire Hathaway B's current valuation metrics, including its Forward P/E ratio of 22.99. This indicates a premium in contrast to its industry's Forward P/E of 10.65.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.