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Is Berkshire Hathaway (BRK.B) Outperforming Other Finance Stocks This Year?

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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Berkshire Hathaway (BRK.B - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Berkshire Hathaway is one of 817 individual stocks in the Finance sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BRK.B is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for BRK.B's full-year earnings has moved 12.91% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that BRK.B has returned about 8.52% since the start of the calendar year. At the same time, Finance stocks have lost an average of 1.35%. 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 48 individual companies and currently sits at #94 in the Zacks Industry Rank. On average, stocks in this group have gained 7.04% this year, meaning that BRK.B is performing better in terms of year-to-date returns.

Going forward, investors interested in Finance stocks should continue to pay close attention to BRK.B as it looks to continue its solid performance.




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