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Berkshire Hathaway B (BRK.B) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Berkshire Hathaway B (BRK.B - Free Report) closed at $314.28, marking a -1.52% move from the previous day. This move lagged the S&P 500's daily loss of 0.38%. Meanwhile, the Dow lost 0.5%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Coming into today, shares of the company had lost 1.54% in the past month. In that same time, the Finance sector lost 3.22%, while the S&P 500 lost 6.25%.
Investors will be hoping for strength from Berkshire Hathaway B as it approaches 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 should also note any recent changes to analyst estimates for Berkshire Hathaway B. These revisions help to show the ever-changing nature of near-term business trends. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.71% lower. 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 25.39. For comparison, its industry has an average Forward P/E of 14.01, which means Berkshire Hathaway B is trading at a premium to the group.
We can also see that BRK.B currently has a PEG ratio of 3.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty was holding an average PEG ratio of 1.94 at yesterday's closing price.
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 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.
To follow BRK.B in the coming trading sessions, be sure to utilize Zacks.com.
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Berkshire Hathaway B (BRK.B) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Berkshire Hathaway B (BRK.B - Free Report) closed at $314.28, marking a -1.52% move from the previous day. This move lagged the S&P 500's daily loss of 0.38%. Meanwhile, the Dow lost 0.5%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Coming into today, shares of the company had lost 1.54% in the past month. In that same time, the Finance sector lost 3.22%, while the S&P 500 lost 6.25%.
Investors will be hoping for strength from Berkshire Hathaway B as it approaches 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 should also note any recent changes to analyst estimates for Berkshire Hathaway B. These revisions help to show the ever-changing nature of near-term business trends. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.71% lower. 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 25.39. For comparison, its industry has an average Forward P/E of 14.01, which means Berkshire Hathaway B is trading at a premium to the group.
We can also see that BRK.B currently has a PEG ratio of 3.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty was holding an average PEG ratio of 1.94 at yesterday's closing price.
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 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.
To follow BRK.B in the coming trading sessions, be sure to utilize Zacks.com.