Berkshire Hathaway Inc. (BRK.B - Free Report) closed at $217.70 in the latest trading session, marking a +0.09% move from the prior day. This change outpaced the S&P 500's 0.22% loss on the day. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq lost 0.25%.
Heading into today, shares of the company had gained 5.95% over the past month, outpacing the Finance sector's gain of 4.85% and the S&P 500's gain of 3.57% in that time.
Wall Street will be looking for positivity from BRK.B as it approaches its next earnings report date. This is expected to be February 22, 2019. In that report, analysts expect BRK.B to post earnings of $2.43 per share. This would mark year-over-year growth of 80%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.92 per share and revenue of $262 billion, which would represent changes of +69.28% and +8.2%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for BRK.B. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.36% higher within the past month. BRK.B is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note BRK.B's current valuation metrics, including its Forward P/E ratio of 21.92. Its industry sports an average Forward P/E of 14.98, so we one might conclude that BRK.B is trading at a premium comparatively.
Also, we should mention that BRK.B has a PEG ratio of 3.13. 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. BRK.B's industry had an average PEG ratio of 1.42 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 186, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow BRK.B in the coming trading sessions, be sure to utilize Zacks.com.