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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 $305.23, marking a -1% move from the previous day. This move lagged the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 10.92%.
Prior to today's trading, shares of the company had gained 0.16% over the past month. This has lagged the Finance sector's gain of 5.9% and the S&P 500's gain of 2.18% 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 $3.31 per share. This would mark year-over-year growth of 1.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $74.56 billion, up 3.84% from the year-ago period.
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.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Berkshire Hathaway B is currently a Zacks Rank #3 (Hold).
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 18.56. Its industry sports an average Forward P/E of 14.25, so we one might conclude that Berkshire Hathaway B is trading at a premium comparatively.
Meanwhile, BRK.B's PEG ratio is currently 2.65. 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 1.63 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on 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 $305.23, marking a -1% move from the previous day. This move lagged the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 10.92%.
Prior to today's trading, shares of the company had gained 0.16% over the past month. This has lagged the Finance sector's gain of 5.9% and the S&P 500's gain of 2.18% 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 $3.31 per share. This would mark year-over-year growth of 1.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $74.56 billion, up 3.84% from the year-ago period.
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.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Berkshire Hathaway B is currently a Zacks Rank #3 (Hold).
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 18.56. Its industry sports an average Forward P/E of 14.25, so we one might conclude that Berkshire Hathaway B is trading at a premium comparatively.
Meanwhile, BRK.B's PEG ratio is currently 2.65. 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 1.63 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.