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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 $321.44 in the latest trading session, marking a +1.56% move from the prior day. This move outpaced the S&P 500's daily gain of 0.84%. Meanwhile, the Dow gained 1.06%, and the Nasdaq, a tech-heavy index, added 0.1%.
Prior to today's trading, shares of the company had lost 0.76% over the past month. This has was narrower than the Finance sector's loss of 2.04% and the S&P 500's loss of 4.03% in that time.
Investors will be hoping for strength from Berkshire Hathaway B as it approaches its next earnings release. On that day, Berkshire Hathaway B is projected to report earnings of $2.79 per share, which would represent year-over-year growth of 29.77%.
Investors might also notice recent changes to analyst estimates for Berkshire Hathaway B. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 0.71% lower within the past month. Berkshire Hathaway B is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 25.18. This valuation marks a premium compared to its industry's average Forward P/E of 13.56.
We can also see that BRK.B currently has a PEG ratio of 3.6. 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. BRK.B's industry had an average PEG ratio of 1.96 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 99, putting it in the top 39% 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.
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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 $321.44 in the latest trading session, marking a +1.56% move from the prior day. This move outpaced the S&P 500's daily gain of 0.84%. Meanwhile, the Dow gained 1.06%, and the Nasdaq, a tech-heavy index, added 0.1%.
Prior to today's trading, shares of the company had lost 0.76% over the past month. This has was narrower than the Finance sector's loss of 2.04% and the S&P 500's loss of 4.03% in that time.
Investors will be hoping for strength from Berkshire Hathaway B as it approaches its next earnings release. On that day, Berkshire Hathaway B is projected to report earnings of $2.79 per share, which would represent year-over-year growth of 29.77%.
Investors might also notice recent changes to analyst estimates for Berkshire Hathaway B. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 0.71% lower within the past month. Berkshire Hathaway B is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 25.18. This valuation marks a premium compared to its industry's average Forward P/E of 13.56.
We can also see that BRK.B currently has a PEG ratio of 3.6. 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. BRK.B's industry had an average PEG ratio of 1.96 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 99, putting it in the top 39% 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.