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Is Berkshire Hathaway (BRK.B) Stock Outpacing Its Finance Peers This Year?
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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Berkshire Hathaway (BRK.B - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Berkshire Hathaway is a member of our Finance group, which includes 866 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BRK.B's full-year earnings has moved 0.25% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BRK.B has gained about 6% so far this year. At the same time, Finance stocks have lost an average of 6.90%. This means that Berkshire Hathaway is outperforming the sector as a whole this year.
Looking more specifically, BRK.B belongs to the Insurance - Property and Casualty industry, a group that includes 46 individual stocks and currently sits at #181 in the Zacks Industry Rank. This group has gained an average of 2.25% so far this year, so BRK.B is performing better in this area.
Investors with an interest in Finance stocks should continue to track BRK.B. The stock will be looking to continue its solid performance.
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Is Berkshire Hathaway (BRK.B) Stock Outpacing Its Finance Peers This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Berkshire Hathaway (BRK.B - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Berkshire Hathaway is a member of our Finance group, which includes 866 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BRK.B's full-year earnings has moved 0.25% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BRK.B has gained about 6% so far this year. At the same time, Finance stocks have lost an average of 6.90%. This means that Berkshire Hathaway is outperforming the sector as a whole this year.
Looking more specifically, BRK.B belongs to the Insurance - Property and Casualty industry, a group that includes 46 individual stocks and currently sits at #181 in the Zacks Industry Rank. This group has gained an average of 2.25% so far this year, so BRK.B is performing better in this area.
Investors with an interest in Finance stocks should continue to track BRK.B. The stock will be looking to continue its solid performance.