Investors focused on the Finance space have likely heard of Berkshire Hathaway (BRK.B - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of BRK.B and the rest of the Finance group's stocks.
Berkshire Hathaway is one of 813 individual stocks in the Finance sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. BRK.B is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BRK.B's full-year earnings has moved 12.91% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that BRK.B has returned about 9.03% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of -1.41% on a year-to-date basis. This means that Berkshire Hathaway is performing better than its sector in terms of year-to-date returns.
Looking more specifically, BRK.B belongs to the Insurance - Property and Casualty industry, a group that includes 47 individual stocks and currently sits at #70 in the Zacks Industry Rank. On average, this group has gained an average of 7.34% so far this year, meaning that BRK.B is performing better in terms of year-to-date returns.
BRK.B will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.