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Berkshire Hathaway B (BRK.B) Stock Moves -0.93%: What You Should Know
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Berkshire Hathaway B (BRK.B - Free Report) closed the most recent trading day at $285.31, moving -0.93% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.15%. Meanwhile, the Dow lost 0.71%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Prior to today's trading, shares of the company had gained 3.44% over the past month. This has outpaced the Finance sector's gain of 1.2% and the S&P 500's gain of 1.44% in that time.
Wall Street will be looking for positivity from Berkshire Hathaway B as it approaches its next earnings report date. On that day, Berkshire Hathaway B is projected to report earnings of $3 per share, which would represent year-over-year growth of 2.04%. Meanwhile, our latest consensus estimate is calling for revenue of $72.97 billion, up 5.57% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.11 per share and revenue of $293.25 billion, which would represent changes of -0.08% and +6.22%, respectively, from the prior year.
Any recent changes to analyst estimates for Berkshire Hathaway B should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Berkshire Hathaway B is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 23.79. For comparison, its industry has an average Forward P/E of 12.61, which means Berkshire Hathaway B is trading at a premium to the group.
Meanwhile, BRK.B's PEG ratio is currently 3.4. 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. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 1.74 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 128, which puts it in the top 50% 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) Stock Moves -0.93%: What You Should Know
Berkshire Hathaway B (BRK.B - Free Report) closed the most recent trading day at $285.31, moving -0.93% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.15%. Meanwhile, the Dow lost 0.71%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Prior to today's trading, shares of the company had gained 3.44% over the past month. This has outpaced the Finance sector's gain of 1.2% and the S&P 500's gain of 1.44% in that time.
Wall Street will be looking for positivity from Berkshire Hathaway B as it approaches its next earnings report date. On that day, Berkshire Hathaway B is projected to report earnings of $3 per share, which would represent year-over-year growth of 2.04%. Meanwhile, our latest consensus estimate is calling for revenue of $72.97 billion, up 5.57% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.11 per share and revenue of $293.25 billion, which would represent changes of -0.08% and +6.22%, respectively, from the prior year.
Any recent changes to analyst estimates for Berkshire Hathaway B should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Berkshire Hathaway B is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 23.79. For comparison, its industry has an average Forward P/E of 12.61, which means Berkshire Hathaway B is trading at a premium to the group.
Meanwhile, BRK.B's PEG ratio is currently 3.4. 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. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 1.74 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 128, which puts it in the top 50% 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.