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Berkshire Hathaway B (BRK.B) Increases Despite Market Slip: Here's What You Need to Know
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In the latest close session, Berkshire Hathaway B (BRK.B - Free Report) was up +2.51% at $556.11. The stock's change was more than the S&P 500's daily loss of 0.51%. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq lost 1.07%.
Prior to today's trading, shares of the company had gained 7.93% outpaced the Finance sector's gain of 0.87% and the S&P 500's loss of 0.87%.
Analysts and investors alike will be keeping a close eye on the performance of Berkshire Hathaway B in its upcoming earnings disclosure. The company is expected to report EPS of $5.91, down 5.59% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $97.3 billion, indicating a 2.45% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $21.83 per share and revenue of $392.1 billion, which would represent changes of +5.87% and +5.56%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Berkshire Hathaway B. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.75% higher within the past month. Berkshire Hathaway B currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Berkshire Hathaway B is presently trading at a Forward P/E ratio of 24.85. This expresses a premium compared to the average Forward P/E of 11.66 of its industry.
Also, we should mention that BRK.B has a PEG ratio of 2.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Insurance - Property and Casualty industry had an average PEG ratio of 1.99.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons 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.
View the Zacks #1 Rank List
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Berkshire Hathaway B (BRK.B) Increases Despite Market Slip: Here's What You Need to Know
In the latest close session, Berkshire Hathaway B (BRK.B - Free Report) was up +2.51% at $556.11. The stock's change was more than the S&P 500's daily loss of 0.51%. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq lost 1.07%.
Prior to today's trading, shares of the company had gained 7.93% outpaced the Finance sector's gain of 0.87% and the S&P 500's loss of 0.87%.
Analysts and investors alike will be keeping a close eye on the performance of Berkshire Hathaway B in its upcoming earnings disclosure. The company is expected to report EPS of $5.91, down 5.59% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $97.3 billion, indicating a 2.45% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $21.83 per share and revenue of $392.1 billion, which would represent changes of +5.87% and +5.56%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Berkshire Hathaway B. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.75% higher within the past month. Berkshire Hathaway B currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Berkshire Hathaway B is presently trading at a Forward P/E ratio of 24.85. This expresses a premium compared to the average Forward P/E of 11.66 of its industry.
Also, we should mention that BRK.B has a PEG ratio of 2.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Insurance - Property and Casualty industry had an average PEG ratio of 1.99.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons 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.