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Has Berkshire Hathaway (BRK.B) Outpaced Other Finance Stocks This Year?
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For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. 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 a member of the Finance sector. This group includes 850 individual stocks and currently holds a Zacks Sector Rank of #9. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BRK.B is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BRK.B's full-year earnings has moved 11.25% higher within the past quarter. 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 3.56% since the start of the calendar year. In comparison, Finance companies have returned an average of -6.71%. This means that Berkshire Hathaway is performing better than its sector in terms of year-to-date returns.
Breaking things down more, BRK.B is a member of the Insurance - Property and Casualty industry, which includes 47 individual companies and currently sits at #152 in the Zacks Industry Rank. On average, this group has gained an average of 2.04% so far 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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Has Berkshire Hathaway (BRK.B) Outpaced Other Finance Stocks This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. 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 a member of the Finance sector. This group includes 850 individual stocks and currently holds a Zacks Sector Rank of #9. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BRK.B is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BRK.B's full-year earnings has moved 11.25% higher within the past quarter. 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 3.56% since the start of the calendar year. In comparison, Finance companies have returned an average of -6.71%. This means that Berkshire Hathaway is performing better than its sector in terms of year-to-date returns.
Breaking things down more, BRK.B is a member of the Insurance - Property and Casualty industry, which includes 47 individual companies and currently sits at #152 in the Zacks Industry Rank. On average, this group has gained an average of 2.04% so far 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.