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Berkshire Hathaway B (BRK.B) Outpaces Stock Market Gains: What You Should Know
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Berkshire Hathaway B (BRK.B - Free Report) closed at $319.60 in the latest trading session, marking a +1.8% move from the prior day. This move outpaced the S&P 500's daily gain of 0.94%. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq lost 0.55%.
Prior to today's trading, shares of the company had gained 1.76% over the past month. This has outpaced the Finance sector's gain of 0.68% and the S&P 500's loss of 4.63% in that time.
Berkshire Hathaway B will be looking to display strength as it nears its next earnings release. In that report, analysts expect Berkshire Hathaway B to post earnings of $2.79 per share. This would mark year-over-year growth of 29.77%.
Investors might also notice recent changes to analyst estimates for Berkshire Hathaway B. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.71% lower. Berkshire Hathaway B currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 24.98. This represents a premium compared to its industry's average Forward P/E of 13.57.
It is also worth noting that BRK.B currently has a PEG ratio of 3.57. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 82, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Berkshire Hathaway B (BRK.B) Outpaces Stock Market Gains: What You Should Know
Berkshire Hathaway B (BRK.B - Free Report) closed at $319.60 in the latest trading session, marking a +1.8% move from the prior day. This move outpaced the S&P 500's daily gain of 0.94%. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq lost 0.55%.
Prior to today's trading, shares of the company had gained 1.76% over the past month. This has outpaced the Finance sector's gain of 0.68% and the S&P 500's loss of 4.63% in that time.
Berkshire Hathaway B will be looking to display strength as it nears its next earnings release. In that report, analysts expect Berkshire Hathaway B to post earnings of $2.79 per share. This would mark year-over-year growth of 29.77%.
Investors might also notice recent changes to analyst estimates for Berkshire Hathaway B. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.71% lower. Berkshire Hathaway B currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 24.98. This represents a premium compared to its industry's average Forward P/E of 13.57.
It is also worth noting that BRK.B currently has a PEG ratio of 3.57. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 82, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.